Decline in royalty income due to deteriorating performance at overseas local partners
First written in FY2018. 4 of 6 entries say "Restated". Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025RestatedAnnual report
「If the performance of company-owned stores or overseas local partner companies deteriorates, the resulting decline in business revenue could affect the group's performance.」
The company reiterates the risk of lower business revenue resulting from deteriorating performance at company-owned stores and overseas local partners. - FY2024RestatedAnnual report
「If the performance of company-owned stores or overseas local partner companies deteriorates, the resulting decline in business revenue could affect the group's performance.」
The company reiterates the risk of lower business revenue resulting from deteriorating performance at company-owned stores and overseas local partners. - FY2022-Q3RestatedAnnual report
「As the number of licensed locations under the “Nadaya Unatoto” brand increased, royalty income and food-material wholesale sales rose.」
The company reconfirmed that royalty income and food-material wholesale sales increased as the number of licensed locations rose. - FY2020RaisedAnnual report
「In the food-service business, the group operates company-owned stores and enters into licensing agreements with overseas local companies to facilitate smooth store openings and multiple-location expansion and to operate stores rooted in local communities. However, if the performance of company-owned stores or overseas local partner companies deteriorates, the resulting decline in business revenue could affect the group's performance.」
The scope of the risk has expanded from the previous risk of lower royalty income from overseas partners to lower business revenue resulting from deteriorating performance at both company-owned stores and overseas partners. - FY2019RestatedAnnual report
「If the performance of overseas local partner companies deteriorates, the resulting decline in royalty income could affect the group's performance.」
The company reiterates the risk of lower royalty income resulting from deteriorating performance at overseas local partners. - FY2018First statedAnnual report
「In the food-service business, the group enters into licensing agreements with overseas local companies to facilitate smooth store openings and multiple-location expansion and to operate stores rooted in local communities. However, if the performance of overseas local partner companies deteriorates, the resulting decline in royalty income could affect the group's performance.」
The company identifies the decline in royalty income resulting from deteriorating performance at partner companies and other factors as a standalone risk related to licensing agreements with overseas local companies.