Risks related to securing candidate store sites, changes in location conditions, and recovery of rental and security deposits
First written in FY2016. 5 of 12 entries say "Materialised", first in FY2021-Q2. Latest entry: FY2025.
Choushimaru moved to the "Worse" side of this theme in 2020, 2 years after the typical company in this theme (2018).
The whole theme swung hardest in 2020: 4 of 7 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「In addition, if the Company is unable to open stores as planned because there are no properties meeting its site-selection criteria, or if significant changes occur in the location environment or other conditions after a store opens, this may affect its business performance.」
The Company continues to disclose risks relating to securing candidate sites and changes in the location environment after stores open. - FY2023-Q3MitigatedAnnual report
「In December 2022, 「すし銚子丸宮野木店」 in Hanamigawa-ku, Chiba City, and 「すし銚子丸草加花栗店」 in Soka City, Saitama Prefecture, relocated to favorable nearby sites and reopened in newly constructed buildings.」
The Company states that the 2 stores that closed with obsolete facilities have completed relocation to newly constructed buildings at favorable nearby sites. - FY2022MaterialisedAnnual report
「In September 2021, the 「すし銚子丸東葛西店」 store in Edogawa-ku, Tokyo, was closed because of land acquisition. Meanwhile, 「すし銚子丸春日部店」 in Kasukabe City, Saitama Prefecture, which required major refurbishment because its store facilities had become obsolete, was closed in February 2022. A newly built 「すし銚子丸春日部ふじ通り店」 in a favorable nearby location in Kasukabe City, Saitama Prefecture, opened in April 2022 with the aim of improving profitability through effective capital investment, mechanisation and labour saving.」
In addition to closures due to land acquisition, a store was closed because its facilities had become obsolete, followed by a relocation and reopening at a favorable nearby site. - FY2022-Q3MaterialisedAnnual report
「In addition, in September 2021, the 「すし銚子丸東葛西店」 store in Edogawa-ku, Tokyo, located in an urban planning area, was closed because of land acquisition.」
Regarding the risk associated with changes in the location environment after opening, the 東葛西店 store actually closed because of land acquisition. - FY2022-Q2MaterialisedAnnual report
「In September, the 東葛西店 store in Edogawa-ku, Tokyo, located in an urban planning area, was closed because of land acquisition.」
Regarding the risk that changes in the location environment and other conditions after opening could affect business performance, a store located in an urban planning area actually closed because of land acquisition. - FY2021-Q3MaterialisedAnnual report
「The 「鮨Ｙａｓｕｋｅ」 Otemachi Place store was closed in October 2020 because the office-building population had fallen sharply with the expansion of remote work, and profitability improvement was expected to be difficult in response to structural changes in business styles triggered by the COVID-19 pandemic. In addition, 「すし銚子丸船橋店」 was closed in February 2021 to improve operating efficiency.」
Regarding the risk that changes in location conditions and business styles could affect profitability, the Company states that, in addition to the closure of the central Tokyo store in Otemachi, the Funabashi store also actually closed. - FY2021-Q2MaterialisedAnnual report
「The 「鮨Ｙａｓｕｋｅ」 Otemachi Place store was closed in October 2020 because the office-building population had fallen sharply with the expansion of remote work, and improvement was expected to be difficult even after revising the earnings model.」
Regarding the risk that changes in location conditions could affect store profitability, the Company states that the decline in office-building populations caused by the expansion of remote work and the closure of a central Tokyo store actually occurred. - FY2020WorsenedAnnual report
「The expansion of COVID-19 also highlighted the risk that, depending on the store format, stores could be forced to close temporarily or take other measures.」
In addition to securing candidate sites and changes in location conditions, the Company newly specifies the risk that certain store formats could be forced to close temporarily during an infectious disease outbreak. - FY2019RestatedAnnual report
「In addition, if the Company is unable to open stores as planned because there are no properties meeting its site-selection criteria, or if significant changes occur in the location environment or other conditions after a store opens, this may affect its business performance.」
The Company continues to disclose risks relating to securing candidate sites, changes in location conditions after opening, and the inability to recover security deposits and guarantee deposits. - FY2018RestatedAnnual report
「In addition, if the Company is unable to open stores as planned because there are no properties meeting its site-selection criteria, or if significant changes occur in the location environment or other conditions after a store opens, this may affect its business performance.」
The Company continues to disclose risks relating to securing candidate sites, changes in location conditions after opening, and the inability to recover security deposits and guarantee deposits. - FY2017RestatedAnnual report
「If the Company is unable to open stores as planned because there are no properties meeting its site-selection criteria, or if significant changes occur in the location environment or other conditions after a store opens, this may affect its business performance.」
The Company continues to disclose risks relating to securing store properties, changes in location conditions, and the recovery of security deposits and guarantee deposits. - FY2016First statedAnnual report
「If the Company is unable to open stores as planned because there are no properties meeting its site-selection criteria, or if significant changes occur in the location environment or other conditions after a store opens, this may affect its business performance.」
The risks identified include prolonged property selection and negotiations, changes in location conditions after opening, and the inability to recover security deposits and guarantee deposits associated with leases.