Risk of Lease Terminations and Rent Increases Due to Rising Land Prices
First written in FY2017. 1 of 3 entries say "Mitigated", first in FY2018. Latest entry: FY2019.
5 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「Because the company is promoting development in areas where rising land prices are less likely to affect rents」
The company continues to develop sites where rising land prices are less likely to affect rents. - FY2018MitigatedAnnual report
「We are actively developing sites in areas where land prices are less likely to rise, and although rising land prices have not led to higher rents in the past, business performance may be significantly affected if the termination rate and rents rise.」
As a response to the risk of rising land prices, the company describes its active development in areas where land prices are less likely to rise. - FY2017First statedAnnual report
「Soaring land prices may increase landowners' inclination to sell their properties, resulting in contract termination, and may raise land rents during the new development stage, thereby affecting the strategy of expanding the number of operating spaces.」
The company identifies the risk that soaring land prices could affect the inclination to terminate land contracts, rents, and expansion of the number of operating spaces.