Risk of Missing New-Store Plans, Closure Costs and Lease Renewal Failure
First written in FY2017. 3 of 4 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2024: 3 of 12 companies on the "Worse" side.
18 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「If the pace of store openings slows due to changes in the opening plans of shopping centres being considered as locations for new stores, or if the performance of newly opened stores deviates from the planned figures, this may affect the Group's business performance.」
The risks associated with a slower pace of new-store openings, failure to meet plans, store-closure costs and inability to renew leases continue to be described. - FY2019RestatedAnnual report
「Regarding store openings, we will continue to actively open new stores and seek to expand our business. However, if the pace of store openings slows due to changes in the opening plans of shopping centres being considered as locations for new stores, or if the performance of newly opened stores deviates from the planned figures, this may affect the company's business performance.」
The risks associated with a slower pace of new-store openings and failure to meet plans continue to be described together with the store-opening policy. - FY2018RestatedAnnual report
「Regarding store openings, we will continue to actively open new stores and seek to expand our business. However, if the pace of store openings slows due to changes in the opening plans of shopping centres being considered as locations for new stores, or if the performance of newly opened stores deviates from the planned figures, this may affect the company's business performance.」
The risks of changes to new-store opening plans, failure to meet plans, store-closure costs and inability to renew leases continue to be described as before. - FY2017First statedAnnual report
「If the pace of store openings slows due to changes in the opening plans of shopping centres being considered as locations for new stores, or if the performance of newly opened stores deviates from the planned figures, this may affect the company's business performance. Store closures will be carried out due to measures such as a scrap-and-build strategy or declining profitability, but one-time costs such as losses on the disposal of fixed assets may arise.」
In addition to the risks of a slower store-opening pace, newly opened stores failing to meet plan and one-time costs at store closures, the risk of being unable to renew fixed-term building lease agreements is identified for the first time.