Dependence on leases in an asset-light data center model
First written in FY2016. 2 of 6 entries say "Restated". Latest entry: FY2022-Q3.
0 other companies' latest entry also says "Reframed".
- FY2022-Q3ReframedAnnual report
「*1 The building lease agreement expired on 31 July 2022. *2 On 31 July 2022, the company entered into agreements for the use of the various services related to the operation of Site 1.」
The building lease for Site 1 ended, and on the same date the company entered into service agreements relating to operations. The contractual structure of the asset-light business has changed. - FY2021Partial termination of the lease for Site 1Annual report
「(Note) The agreement marked with an asterisk above was terminated as of 28 February 2022.」
Regarding the asset-light data center model's dependence on contracts, the company stated that one of the contracts relating to Site 1 ended on 28 February 2022. - FY2018-Q3Entered into a long-term lease for the new siteAnnual report
「20 July 2018: Lease agreement for facilities and other assets relating to the new Otemachi site. From: 15 August 2018; To: 14 August 2033 (automatically renewed every 2 years thereafter)」
The company entered into a lease agreement for facilities and other assets relating to the new Otemachi site, covering the period from August 2018 to August 2033. The dependence of the asset-light data center model on leases has been made concrete for the new site. - FY2018RestatedAnnual report
「The company primarily operates an asset-light data center model, under which it does not own data center facilities but installs equipment at other companies' facilities in accordance with its own specifications and provides services to customers.」
The company continues to disclose its dependence on leases with facility owners for its asset-light data center business, which uses facilities owned by other companies. - FY2017RestatedAnnual report
「The company primarily operates an asset-light data center model, under which it does not own data center facilities but installs equipment at other companies' facilities in accordance with its own specifications and provides services to customers.」
The company continues to identify the risks associated with its asset-light data center business model, which uses facilities owned by other companies, and with the continuation or amendment of lease agreements. - FY2016First statedAnnual report
「The company primarily operates an asset-light data center model, under which it does not own data center facilities but installs equipment at other companies' facilities in accordance with its own specifications and provides services to customers.」
The company states that, because its business model uses facilities owned by other companies, the owner's refusal to renew a contract or changes to its terms could affect the business.