Recoverability of Lease Deposits and Guarantee Deposits
First written in FY2022. 2 of 3 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2026: 12 of 30 companies on the "Worse" side.
41 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「If the Group terminates a lease early for reasons attributable to the Group, such as closing a store, the security deposits and guarantee deposits paid when the store opened may not be refunded. In addition, these deposits may not be recoverable if the landowner's credit standing deteriorates after the store opens.」
The risk that security deposits and guarantee deposits may be unrecoverable due to store closures, early termination or deterioration in the landowner's credit standing continues. - FY2023RestatedAnnual report
「If the Group terminates a lease early for reasons attributable to the Group, such as closing a store, the security deposits and guarantee deposits paid when the store opened may not be refunded. In addition, these deposits may not be recoverable if the landowner's credit standing deteriorates after the store opens.」
The risk that security deposits and guarantee deposits may be unrecoverable due to store closures, early termination or deterioration in the landowner's credit standing continues. - FY2022First statedAnnual report
「The Group enters into long-term lease agreements with landowners, primarily to secure sites for stores. However, if it terminates a lease early for reasons attributable to the Group, such as closing a store, the security deposits and guarantee deposits paid when the store opened may not be refunded. In addition, these deposits may not be recoverable if the landowner's credit standing deteriorates after the store opens.」
The possibility that security deposits and guarantee deposits under long-term lease agreements may be unrecoverable due to store closures, early termination or deterioration in the landowner's credit standing was disclosed for the first time as a financial risk.