Termination of Consulting Agreement with MM Global LLC
First written in FY2017. 4 of 6 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 8 of 42 companies on the "Worse" side.
50 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Contract term: 21 October 2021 to 20 October 2026, with automatic renewal every 5 years thereafter」
The contract term and automatic renewal conditions for the consulting and marketing support agreement with MM Global LLC continue to be disclosed. - FY2023The contract term is specified as ending on 20 October 2026.Annual report
「Contract term: 21 October 2021 to 20 October 2026, with automatic renewal every 5 years thereafter」
For the consulting and marketing support agreement with MM Global LLC, the Company disclosed a contract term ending on 20 October 2026 and automatic renewal every 5 years. The risk of an impact on performance if the agreement is terminated continues to apply. - FY2021RestatedAnnual report
「The agreement provides consulting and marketing support to the Company’s restaurants, including “Atelier 森本 XEX,” but if the agreement is terminated for any reason, it may affect the performance of the Group through declines in sales at the related stores, deterioration in profit margins, store closures and other factors.」
The risk that termination of the agreement with MM Global LLC may affect sales, profit margins and the continued operation of stores is reiterated. - FY2020RestatedAnnual report
「The agreement provides consulting and marketing support to the Company’s restaurants, including “Atelier 森本 XEX,” but if the agreement is terminated for any reason, it may affect the performance of the Group through declines in sales at the related stores, deterioration in profit margins, store closures and other factors.」
The possibility of declines in sales, deterioration in profit margins and store closures following termination of the agreement with MM Global LLC continues to be disclosed. - FY2018RestatedAnnual report
「In October 2015, the Company entered into a consulting agreement with MM Global LLC. The agreement provides consulting and marketing support to the Company’s restaurants, including “Atelier 森本 XEX,” but if the agreement is terminated for any reason, it may affect the performance of the Group.」
The terms of the agreement with MM Global LLC and the risk of an impact on performance if the agreement is terminated are reiterated. - FY2017First statedAnnual report
「In October 2015, the Company entered into a consulting agreement with MM Global LLC. The agreement provides consulting and marketing support to the Company’s restaurants, including “Atelier 森本 XEX,” but if the agreement is terminated for any reason, it may affect the performance of the Group.」
The impact on performance if the agreement for consulting and marketing support for the restaurants is terminated is disclosed as a risk.