Unrecoverable Lease Deposits and Security Deposits
First written in FY2016. 4 of 5 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2026: 11 of 28 companies on the "Worse" side.
40 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「When entering into contracts, we carefully assess the landlord's credit standing and other factors. However, if a withdrawal occurs upon expiration of the contract term, all or part of the relevant security deposits and guarantee deposits may become unrecoverable depending on the landlord's financial condition, which could affect our Group's performance.」
It continues to describe the risk that security deposits and guarantee deposits may be unrecoverable due to the landlord's credit standing, as well as the credit checks conducted when contracts are entered into. - FY2020RestatedAnnual report
「If a withdrawal occurs upon expiration of the contract term, all or part of the relevant security deposits and guarantee deposits may become unrecoverable depending on the landlord's financial condition,」
It continues to identify the risk that security deposits and guarantee deposits may be unrecoverable due to the landlord's credit standing. - FY2019RestatedAnnual report
「If a withdrawal occurs upon expiration of the contract term, all or part of the relevant security deposits and guarantee deposits may become unrecoverable depending on the landlord's financial condition,」
It continues to identify the risk that security deposits and guarantee deposits may be unrecoverable due to the landlord's credit standing. - FY2017RestatedAnnual report
「If a withdrawal occurs upon expiration of the contract term, all or part of the relevant security deposits and guarantee deposits may become unrecoverable depending on the landlord's financial condition, which could affect our Group's performance.」
It continues to identify the risk that security deposits and guarantee deposits may be unrecoverable due to the landlord's credit standing. - FY2016First statedAnnual report
「If a withdrawal occurs upon expiration of the contract term, all or part of the relevant security deposits and guarantee deposits may become unrecoverable depending on the landlord's financial condition, which could affect our Group's performance.」
It identifies the landlord's credit risk associated with its lease-based store model.