Risks Related to New Store Opening Costs, Properties and Deposit Recovery
First written in FY2017. 17 of 32 entries say "Restated". Latest entry: FY2027-H1.
Asahi moved to the "Worse" side of this theme in 2026, 2 years after the typical company in this theme (2024).
The whole theme swung hardest in 2026: 6 of 14 companies on the "Worse" side.
1 other company's latest entry also says "Softened".
- FY2027-H1SoftenedAnnual report
「Guarantee deposits 5,244,685 5,169,266 Construction cooperation contributions 559,280 510,883」
Compared with the end of the previous fiscal year, guarantee deposits stood at ¥5,169,266 thousand and construction cooperation contributions at ¥510,883 thousand, with both balances declining. The exposure to guarantee deposits and construction cooperation contributions associated with store openings has decreased. - 2026-04-03SoftenedFinancial results
「Lease and guarantee deposits 5,252,535 5,244,685 Construction cooperation deposits 654,859 559,280」
The balances of lease and guarantee deposits and construction cooperation deposits declined from the end of the previous fiscal year. - FY2026-H1Increase in Lease Deposits and Decline in Construction Cooperation DepositsAnnual report
「Security deposits 5,252,535 5,309,999 Construction cooperation deposits 654,859 606,820」
Compared with the end of the previous fiscal year, security deposits increased from ¥5,252,535 thousand to ¥5,309,999 thousand, while construction cooperation deposits decreased from ¥654,859 thousand to ¥606,820 thousand. - FY2025SoftenedAnnual report
「As of the end of the fiscal year, deposits received amounted to ¥5,252,535 thousand, equivalent to 9.6% of total assets, while construction cooperation deposits amounted to ¥654,859 thousand, equivalent to 1.2%.」
The ratio of security deposits to total assets fell from 9.8% in the previous fiscal year to 9.6%, while the ratio of construction cooperation deposits fell from 1.4% to 1.2%. Meanwhile, the amount of security deposits increased. - FY2025-H1SoftenedAnnual report
「Deposits received 5,166,919 5,146,280 Construction cooperation deposits 751,093 702,882」
Compared with the end of the previous fiscal year, deposits received amounted to ¥5,146,280 thousand and construction cooperation deposits to ¥702,882 thousand, with both balances declining. - FY2025-Q1SoftenedAnnual report
「Deposits received 5,166,919 5,146,869 Construction cooperation deposits 751,093 726,988」
Compared with the end of the previous fiscal year, security deposits declined from ¥5,166,919 thousand to ¥5,146,869 thousand, and construction cooperation deposits declined from ¥751,093 thousand to ¥726,988 thousand. Balances of security deposits and construction cooperation deposits associated with store openings have declined. - FY2024Increase in deposits paid and decrease in their ratio; decrease in construction cooperation contributionsAnnual report
「As of the end of the fiscal year, security deposits totaled ¥5,166,919 thousand, equivalent to 9.8% of total assets, while construction cooperation deposits totaled ¥751,093 thousand, equivalent to 1.4%.」
Deposits paid increased slightly from ¥5,150.966 million at the end of the previous fiscal year, while their ratio to total assets declined from 10.2% to 9.8%. Construction cooperation deposits decreased from ¥851.121 million, or 1.7% of total assets, to ¥751.093 million, or 1.4%. - FY2024-Q3Slight increase in security deposits and decrease in construction cooperation depositsAnnual report
「Guarantee deposits 5,150,966 5,168,858 Construction cooperation deposits 851,121 775,068」
Compared with the end of the previous fiscal year, security deposits increased from ¥5,151 million to ¥5,169 million, while construction cooperation deposits decreased from ¥851 million to ¥775 million. - FY2024-Q2Slight increase in security deposits and decrease in construction cooperation depositsAnnual report
「Security deposits 5,150,966 5,160,270 Construction cooperation deposits 851,121 799,877」
Compared with the end of the previous fiscal year, security deposits paid increased slightly from ¥5,150.966 million to ¥5,160.270 million, while construction cooperation deposits decreased from ¥851.121 million to ¥799.877 million. - FY2023SoftenedAnnual report
「The balance of deposits paid was ¥5,150.966 million as of the end of the fiscal year, equivalent to 10.2% of total assets, while the balance of construction cooperation deposits was ¥851.121 million, equivalent to 1.7%.」
The ratio of security deposits paid to total assets declined from 11.1% in the previous fiscal year to 10.2%, while the ratio of construction cooperation deposits declined from 2.1% to 1.7%. - FY2023-Q3SoftenedAnnual report
「Guarantee deposits 5,154,383 5,161,908 Construction cooperation deposits 961,082 877,393」
Security deposits increased slightly from the end of the previous fiscal year to ¥5,161.908 million, while construction cooperation deposits declined to ¥877.393 million. As total assets increased, security deposits fell from approximately 11.1% of total assets at the end of the previous fiscal year to approximately 10.2%. - FY2023-Q1SoftenedAnnual report
「Security deposits 5,154.383 5,136.176 Construction cooperation deposits 961.082 932.986」
At the end of the current first-quarter accounting period, deposits paid were ¥5,136.176 million and construction cooperation funds were ¥932.986 million, both down from the end of the previous fiscal year. - FY2022SoftenedAnnual report
「The balance of deposits paid was ¥5,154.383 million as of the end of the fiscal year, equivalent to 11.1% of total assets, while the balance of construction cooperation deposits was ¥961.082 million, equivalent to 2.1%. These deposits will be returned in accordance with the contracts when the lease agreements are terminated upon expiration or for other reasons.」
The ratio of security deposits paid to total assets declined from 11.3% in the previous fiscal year to 11.1%, while the ratio of construction cooperation deposits declined from 2.4% to 2.1%. Measures including property selection, sales forecasting and partial recovery of security deposits were also described. - FY2022-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The company states that there have been no significant changes regarding the risks of costs, properties and recovery of security deposits associated with opening new stores. - FY2022-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The company states that there have been no significant changes regarding the risks of costs, properties and recovery of security deposits associated with opening new stores. - FY2022-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first-quarter period. There were also no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes regarding the risks of costs, properties and recovery of security deposits associated with opening new stores. - FY2021SoftenedAnnual report
「The balance of security deposits was ¥5,105,842 thousand as of the end of the fiscal year, representing 11.3% of total assets, while the balance of construction cooperation deposits was ¥1,078,175 thousand, representing 2.4%. These deposits will be returned in accordance with the contracts when the leases are terminated upon expiration or for other reasons.」
Although security deposits increased, deposits paid as a percentage of total assets declined from 13.0% in the previous fiscal year to 11.3%. The report also describes responses involving property selection and partial recovery of lease deposits. - FY2021-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no newly arising business or other risks. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes regarding the risks of costs, properties and recovery of security deposits associated with opening new stores. - FY2021-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second-quarter period. There were also no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes regarding the risks of costs, properties and recovery of security deposits associated with opening new stores. - FY2021-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first-quarter period. There were also no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes regarding the risks of costs, properties and recovery of security deposits associated with opening new stores. - FY2020RestatedAnnual report
「However, some or all of the amount may become uncollectible if an unforeseen event such as the lender's financial failure occurs. In addition, if the agreement is terminated early before the end of the contractual period, a contractual penalty may be payable in accordance with the terms of the agreement.」
The Company continues to identify risks related to securing properties and changing store-opening schedules for new stores, inability to recover security deposits and construction cooperation deposits, and penalties for early termination. Security deposits paid amounted to ¥4,918.357 million, or 13.0% of total assets. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes regarding the risks of costs, properties and recovery of security deposits associated with opening new stores. - FY2020-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second-quarter period. There were also no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes regarding the risks of costs, properties and recovery of security deposits associated with opening new stores. - FY2019RestatedAnnual report
「As of the end of the fiscal year, security deposits totaled ¥4,719,315 thousand, equivalent to 12.8% of total assets, while construction cooperation deposits totaled ¥1,331,159 thousand, equivalent to 3.6%. These deposits are to be returned in accordance with the relevant contracts when leases are terminated upon expiration or for other reasons. However, some or all of the deposits may become unrecoverable if unforeseen circumstances arise, such as the landlord’s financial failure.」
The company continues to disclose the risks of being unable to recover security deposits and construction cooperation deposits associated with store openings, changes to store-opening plans due to property acquisition and construction progress, and cancellation penalties. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes regarding the risks of costs, properties and recovery of security deposits associated with opening new stores. - FY2019-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second-quarter period. There were also no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes regarding the risks of costs, properties and recovery of security deposits associated with opening new stores. - FY2019-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first-quarter period. There were also no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes regarding the risks of costs, properties and recovery of security deposits associated with opening new stores. - FY2018RestatedAnnual report
「Accordingly, the company comprehensively considers the trading area, competitive conditions and investment effectiveness for each property, carefully selects locations and seeks to open stores efficiently. However, changes in the timing and planned number of store openings due to the availability of properties, negotiations with landlords and the progress of store construction could affect the company's financial condition and operating results.」
The company continues to disclose the risks of changes to its store-opening plans due to property acquisition and construction progress, as well as the risk of being unable to recover store-opening costs, security deposits and other amounts. - FY2018-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no newly arising business or other risks. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there has been no new occurrence or material change concerning the risks related to costs, properties, and recovery of security deposits associated with opening new stores. - FY2018-Q2RestatedAnnual report
「There were no newly arising business or other risks during the cumulative second quarter. There were also no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no significant changes regarding the risks of costs, properties and recovery of security deposits associated with opening new stores. - FY2018-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no significant changes regarding the risks of costs, properties and recovery of security deposits associated with opening new stores. - FY2017First statedAnnual report
「Accordingly, for each property we comprehensively assess the trade area, competitive environment and investment effectiveness, carefully select locations and seek to open stores efficiently. However, changes in the status of securing properties, negotiations with landlords and progress in store construction could alter the timing and planned number of store openings, which may affect our financial condition and operating results. Directly operated stores are generally opened in leased properties. Accordingly, when concluding store leases, we pay security deposits and construction cooperation deposits to landlords. As of the end of the fiscal year, deposits paid amounted to ¥4,224.443 million, or 12.4% of total assets, and construction cooperation deposits amounted to ¥1,584.929 million, or 4.7%.」
The company discloses changes in the timing and planned number of store openings, store-opening costs, the risk of being unable to recover security deposits and construction cooperation deposits, and penalties for early termination as risks.