Securing properties for new stores and lease agreements
First written in FY2016. 7 of 10 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2018: 7 of 32 companies on the "Worse" side.
25 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The Group’s basic policy is to lease store properties for new openings. However, if properties meeting the Group’s store-opening criteria and the brand’s corporate identity criteria cannot be secured, the Group will construct or renovate stores itself.」
While leasing remains the basic policy, the Group will continue to determine whether to construct or renovate stores based on property availability, corporate identity criteria and investment profitability. - FY2024RestatedAnnual report
「The Group’s basic policy is to lease store properties for new openings. However, if properties meeting the Group’s store-opening criteria and the brand’s corporate identity criteria cannot be secured, the Group will construct or renovate stores itself.」
While leasing remains the basic policy, the Group will continue to determine whether to construct or renovate stores based on property availability, corporate identity criteria, investment profitability and the investment payback period. - FY2023RestatedAnnual report
「If properties meeting the Group’s store-opening criteria and the brand’s corporate identity criteria cannot be secured, the Group will construct or renovate stores itself. As the number of stores eligible for investment and the frequency of investments increase with business expansion, the Group will make investment decisions from a more rigorous perspective in accordance with its investment profitability criteria for store openings and renovations, while working to shorten the investment payback period.」
Continued the risk and response policy relating to securing store properties, construction and renovation costs, investment profitability and the investment payback period. - FY2021RestatedAnnual report
「If properties meeting the Group’s store-opening criteria and the brand’s corporate identity criteria cannot be secured, the Group will construct or renovate stores itself. As the number of stores eligible for investment and the frequency of investments increase with business expansion, the Group will make investment decisions from a more rigorous perspective in accordance with its investment profitability criteria for store openings and renovations, while working to shorten the investment payback period.」
Continued the risk and response policy relating to securing store properties, corporate identity criteria, construction and renovation costs, investment profitability and the investment payback period. - FY2020RestatedAnnual report
「As store-opening costs have risen due to the recent surge in construction costs, the Group will review its internal investment profitability criteria for new store openings, make decisions on whether to open stores from a more rigorous perspective, and work to open stores with appropriate investments and shorten the investment payback period.」
Continued to review investment profitability criteria and shorten the investment payback period in response to higher store-opening costs caused by rising construction costs. - FY2019WorsenedAnnual report
「If the recent surge in construction costs causes construction and renovation costs to increase and the investment payback period to lengthen, the Group’s financial results could be affected. In addition, the lease may not be renewed due to circumstances on the lessor’s side.」
In addition to the existing risk of securing properties, explicitly identified rising construction costs, inability to renew or early termination of leases, and inability to recover security deposits and guarantee deposits. - FY2018RestatedAnnual report
「If properties meeting these conditions cannot be secured in the sales area, the Group’s growth strategy may not progress as planned, potentially affecting the Group’s financial results.」
Continued to identify securing store properties meeting requirements for corporate identity, service facilities, location, lease terms and the investment payback period as a risk. - FY2017RestatedAnnual report
「If properties meeting these conditions cannot be secured in the sales area, the Group’s growth strategy may not progress as planned, potentially affecting the Group’s financial results.」
Continued to identify securing store properties meeting requirements for corporate identity, service facilities, location, lease terms and the investment payback period as a risk. - FY2017-Q1MaterialisedAnnual report
「The Company determined that recovering the investment in a new store opened following a relocation would be difficult due to rising rents and construction costs in the Yokohama area, and withdrew in July 2016.」
The risk relating to lease terms and investment recovery for store properties materialized in the form of JEEP Yokohama’s withdrawal due to rising rents and construction costs. - FY2016First statedAnnual report
「If properties meeting these conditions cannot be secured in the sales area, the Group’s growth strategy may not progress as planned, potentially affecting the Group’s financial results.」
Securing properties that meet requirements for corporate identity, service facilities, traffic volume, visibility, lease terms and the investment payback period was identified as an issue.