Termination of leases with landowners
First written in FY2017. 4 of 5 entries say "Restated". Latest entry: FY2025.
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- FY2025RestatedAnnual report
「The term of the contract with the landowner is generally 1 year, after which it is automatically renewed annually. If the contract is terminated during its term, it generally provides that either party may terminate it by giving the other party written notice 3 months in advance, without requiring the other party's consent.」
The disclosure continues to describe the possibility of termination under 1-year contracts with automatic renewal and 3 months' prior notice. - FY2024RestatedAnnual report
「The term of the contract with the landowner is generally 1 year, after which it is automatically renewed annually. If the contract is terminated during its term, it generally provides that either party may terminate it by giving the other party written notice 3 months in advance, without requiring the other party's consent. Accordingly, termination may occur unexpectedly, regardless of the Group's intentions.」
The disclosure continues to describe the possibility of termination under 1-year contracts with automatic renewal and 3 months' prior notice. - FY2023RestatedAnnual report
「The term of the contract with the landowner is generally 1 year, after which it is automatically renewed annually. If the contract is terminated during its term, it generally provides that either party may terminate it by giving the other party written notice 3 months in advance, without requiring the other party's consent.」
The disclosure continues to describe the possibility of termination under 1-year contracts with automatic renewal and 3 months' prior notice. - FY2018RestatedAnnual report
「The term of the contract with the landowner is generally 1 year, after which it is automatically renewed annually. If the contract is terminated during its term, it generally provides that either party may terminate it by giving the other party written notice 3 months in advance, without requiring the other party's consent.」
The disclosure continues to identify the possibility of termination under 1-year contracts with automatic renewal and 3 months' prior notice. - FY2017First statedAnnual report
「The term of the contract with the landowner is generally 1 year, after which it is automatically renewed annually. If the contract is terminated during its term, it generally provides that either party may terminate it by giving the other party written notice 3 months in advance, without requiring the other party's consent.」
The disclosure describes a 1-year contract term, automatic renewal and termination upon 3 months' prior notice, including the possibility of terminating leases for profitable parking lots.