Risk of Failing to Recover Security Deposits and Sales Proceeds Due to Landlord Credit Deterioration
First written in FY2017. 4 of 5 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2017: 7 of 41 companies on the "Worse" side.
29 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「If, during the contract term, the lessor becomes insolvent or another event occurs, making it impossible to recover part or all of the security deposits paid or part of the sales proceeds, this may affect the performance of the Group.」
The risk of being unable to recover security deposits and sales proceeds due to the lessor's bankruptcy or other events remains. - FY2020RestatedAnnual report
「If, during the contract term, the lessor becomes insolvent or another event occurs, making it impossible to recover part or all of the security deposits paid or part of the sales proceeds, this may affect the company's business performance.」
The risk of being unable to recover security deposits and sales proceeds due to the lessor's bankruptcy or other events continues to be described. - FY2019RestatedAnnual report
「If, during the contract term, the lessor becomes insolvent or another event occurs, making it impossible to recover part or all of the security deposits paid or part of the sales proceeds, this may affect the company's business performance.」
The risk of being unable to recover security deposits and sales proceeds due to the lessor's bankruptcy or other events is reiterated. - FY2018RestatedAnnual report
「If, during the contract term, the lessor becomes insolvent or another event occurs, making it impossible to recover part or all of the security deposits paid or part of the sales proceeds, this may affect the company's business performance.」
The risk of being unable to recover security deposits and sales proceeds due to deterioration in the lessor's creditworthiness is reiterated. - FY2017First statedAnnual report
「If, during the contract term, the lessor becomes insolvent or another event occurs, making it impossible to recover part or all of the security deposits paid or part of the sales proceeds, this may affect the company's business performance.」
The risk that security deposits and sales proceeds held on deposit cannot be recovered due to the bankruptcy or other events affecting the lessor of leased stores is expressly described for the first time.