Franchise Agreement Violations and Dependence on Franchisor Policies
First written in FY2018. 5 of 7 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2024: 1 of 6 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「As of the date of submission of this document, the group has not violated any franchise agreement to which it is a party. For the original brands operated in the Food Service Business, the group must obtain approval from the competing franchisor each time it opens a new store. If approval cannot be obtained, the group's business development and other activities may be restricted.」
The company continues to disclose the risks of termination and other consequences arising from violations of franchise agreements, as well as restrictions on business development resulting from the need for franchisor approval when opening stores under its original brands. - FY2024RestatedAnnual report
「As of the date of submission of this document, the group has not violated any franchise agreement to which it is a party. For the original brands operated in the Food Service Business, the group must obtain approval from the competing franchisor each time it opens a new store. If approval cannot be obtained, the group's business development and other activities may be restricted.」
The company continues to disclose the risks of termination and other consequences arising from violations of franchise agreements, as well as restrictions on business development resulting from the need for franchisor approval when opening stores under its original brands. - FY2023RestatedAnnual report
「As of the date of submission of this document, the group has not violated any franchise agreement to which it is a party. For the original brands operated in the Food Service Business, the group must obtain approval from the competing franchisor each time it opens a new store. If approval cannot be obtained, the group's business development and other activities may be restricted.」
The company continues to disclose the risks of termination and other consequences arising from violations of franchise agreements, as well as restrictions on business development if franchisor approval cannot be obtained when opening stores under its original brands. - FY2022ReframedAnnual report
「For the new format based on an original brand that the Food Service Business plans to develop, the group must obtain approval from the competing franchisor each time it opens a store. If approval cannot be obtained, the group's business development and other activities may be restricted.」
In addition to the risks of violating franchise agreements, the company explicitly states that its business development may be restricted if franchisor approval cannot be obtained for its independently developed new format. - FY2020RestatedAnnual report
「If the group violates any of these provisions, the relevant agreement may be terminated, and the group may be required to suspend operations or pay damages.」
The company continues to disclose the risks of termination of agreements, suspension of operations and claims for damages arising from violations of franchise agreements. - FY2019RestatedAnnual report
「If the company violates any of these provisions, the relevant agreement may be terminated, and the company may be required to suspend operations or pay damages.」
The company continues to disclose the risks of termination of agreements, suspension of operations and claims for damages arising from violations of franchise agreements. - FY2018First statedAnnual report
「If the company violates any of these provisions, the relevant agreement may be terminated, and the company may be required to suspend operations or pay damages.」
The company identifies as risks the termination of agreements, suspension of operations and claims for damages arising from violations of franchise agreements. It also explains that the product policies and financial condition of the franchisor may affect business performance.