Risk of recovering deposits paid and continuing store leases
First written in FY2016. 1 of 2 entries say "Restated". Latest entry: FY2018.
The whole theme swung hardest in 2022: 5 of 18 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2018RestatedAnnual report
「If security deposits paid by the group, including lease deposits, guarantee deposits and construction cooperation deposits, become unrecoverable due to deterioration in the financial condition of landowners or other factors, this may affect our group’s business performance.」
The disclosure continues to identify the risk that security deposits may become unrecoverable. - FY2016First statedAnnual report
「If security deposits paid by the group, including lease deposits, guarantee deposits and construction cooperation deposits, become unrecoverable due to deterioration in the financial condition of landowners or other factors, this may affect our group’s business performance.」
In relation to the group’s predominantly leased store network, recovery of security deposits and continued use of the premises are identified as risks.