Uncertainty over candidate locations, lease terms and customer acquisition
First written in FY2025. 1 of 2 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2018: 7 of 33 companies on the "Worse" side.
26 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「If it takes unexpectedly long to identify candidate locations, the lease terms for a desired property differ from the plan, customer acquisition after opening does not proceed as planned, or nonpayment of membership fees increases, resulting in an inability to secure earnings, this could affect our operating results and financial position.」
The Company continues to disclose risks relating to candidate locations, lease terms, customer acquisition, unpaid membership fees and renewal of fixed-term building leases. - FY2025First statedAnnual report
「If it takes unexpectedly long to identify candidate locations, the lease terms for a desired property differ from the plan, customer acquisition after opening does not proceed as planned, or nonpayment of membership fees increases, resulting in an inability to secure earnings, this could affect our operating results and financial position.」
The disclosure describes risks to securing earnings as the store network expands, including the possibility that fixed-term building leases may not be renewed.