Risk of Failing to Secure Rental Properties and Incurring Rent on Vacant Space
First written in FY2019. 3 of 6 entries say "Restated". Latest entry: FY2024-Q1.
The whole theme swung hardest in 2020: 11 of 29 companies on the "Worse" side.
2 other companies' latest entry also says "Dropped".
- FY2024-Q1DroppedAnnual report
「With respect to the business and other risks described in the annual securities report for the previous fiscal year, following the 1 November 2023 transfer of the real estate planning and design business through a company split and transfer of the shares of the newly established company, “(3) Risks Related to the Real Estate Planning and Design Business” will no longer apply.」
Following the transfer of the real estate planning and design business, the risk of securing rental properties and incurring vacant-rent costs associated with that business was stated to no longer apply to our Group. - FY2023RestatedAnnual report
「However, if the transition from existing users to succeeding users does not proceed smoothly due to changes in market conditions or other factors, vacant-rent costs may arise, making it difficult to operate workspaces as planned,」
We continue to disclose risks relating to securing workspace properties, contract renewals, user replacement, and vacant-rent costs. - FY2021RestatedAnnual report
「However, if the transition from existing users to succeeding users does not proceed smoothly due to changes in market conditions or other factors, vacant-rent costs may arise, making it difficult to operate workspaces as planned and potentially affecting our operating results and financial condition.」
We continue to disclose risks relating to securing workspace properties, contract renewals, user replacement, and vacant-rent costs. - FY2020RestatedAnnual report
「However, if the transition from existing users to succeeding users does not proceed smoothly due to changes in market conditions or other factors, vacant-rent costs may arise, making it difficult to operate workspaces as planned and potentially affecting our operating results and financial condition.」
We continue to disclose risks relating to securing properties for workspaces, contract renewals, and vacant-rent costs. - FY2020-Q3MaterialisedAnnual report
「In addition, we recorded ¥41.668 million in extraordinary losses, including impairment losses, due to the partial cancellation of an office lease, and recorded a quarterly net loss of ¥91.632 million, compared with quarterly net income of ¥6.315 million in the same period of the previous year.」
Following the partial cancellation of an office lease, we recorded ¥41.668 million in extraordinary losses, including impairment losses. Risks relating to the continuation of rental property contracts and workspace operations materialized as actual losses. - FY2019First statedAnnual report
「If developing new properties becomes extremely difficult because of changes in real estate market conditions, or if the terms of existing property contracts become extremely unfavorable or renewals are refused, opening and operating workspaces as planned may become difficult and affect our operating results and financial position.」
The company identifies securing rental properties needed for expansion and rent on vacant space caused by delays in replacing users as risks.