Early Termination of Master Lease Contracts
First written in FY2016. 3 of 5 entries say "Restated". Latest entry: FY2023.
0 other companies' latest entry also says "Other".
- FY2023Disclosed a 6-month advance notice period for early terminationAnnual report
「Although the sublease agreement is a long-term agreement with a term of up to 5 years, either our Group or the property owner may terminate it during the term by giving 6 months' advance notice.」
Previous disclosures stated a 3-month advance notice period, whereas this disclosure states 6 months. The possibility of early termination during the contract term remains unchanged. - FY2022RestatedAnnual report
「Although the sublease agreement has a long contract term of up to 5 years, either the Group or the real estate owner may terminate it early during the contract term by giving 3 months’ advance notice.」
Restates the risk that early termination is possible with 3 months’ advance notice even during the contract term of up to 5 years. - FY2020RestatedAnnual report
「Although the sublease agreement is a long-term agreement with a term of up to 5 years, either our Group or the property owner may terminate it during the term by giving 3 months' advance notice.」
Restates the risk that the contract may be terminated early with 3 months’ advance notice even during the contract term of up to 5 years. - FY2017RestatedAnnual report
「Although the sublease agreement is a long-term agreement with a term of up to 5 years, either our Group or the property owner may terminate it during the term by giving 3 months' advance notice.」
Restates the contract term and the possibility of early termination with 3 months’ advance notice. - FY2016First statedAnnual report
「Although the master lease agreement is a long-term agreement with a term of up to 5 years, either our Group or the property owner may terminate it during the term by giving 3 months' advance notice.」
Specifies the contract term and advance notice period, and identifies the possibility of early termination by the owner as a risk.