Risk of Dependence on Leased Properties and Developers
First written in FY2016. 4 of 5 entries say "Restated". Latest entry: FY2024.
1 other company's latest entry also says "Restated".
- FY2024RestatedAnnual report
「Our relationships with landlords and developers are currently good. However, if circumstances arise in the future that raise concerns about the continued operation of these counterparties, this could result in bad debts on security deposits and guarantee deposits, the closure of our stores, or an inability to continue operations, potentially affecting our business development and operating results.」
The company continues to disclose its dependence on landlords and developers and the risk relating to the continued operation of its counterparties. - FY2021RestatedAnnual report
「Our relationships with landlords and developers are currently good. However, if circumstances arise in the future that raise concerns about the continued operation of these counterparties, this could result in bad debts on security deposits and guarantee deposits, the closure of our stores, or an inability to continue operations, potentially affecting our business development and operating results.」
The company continues to disclose its dependence on landlords and developers and the risk relating to the continued operation of its counterparties. - FY2020RestatedAnnual report
「Our relationships with landlords and developers are currently good. However, if circumstances arise in the future that raise concerns about the continued operation of these counterparties, this could result in bad debts on security deposits and guarantee deposits, the closure of our stores, or an inability to continue operations, potentially affecting our business development and operating results.」
The company continues to disclose its dependence on landlords and developers and the risk relating to the continued operation of its counterparties. - FY2017RestatedAnnual report
「Our relationships with landlords and developers are currently good. However, if circumstances arise in the future that raise concerns about the continued operation of these counterparties, this could result in bad debts on security deposits and guarantee deposits, the closure of our stores, or an inability to continue operations, potentially affecting our business development and operating results.」
The company has repeated its dependence on leased and in-store locations and the risks associated with the continued operation of landlords and developers. - FY2016First statedAnnual report
「The company tends to operate more leased and in-store locations than company-owned properties. If circumstances arise in the future that raise concerns about the continued operation of these counterparties, this could result in bad debts on security deposits and guarantee deposits, the closure of our stores, or an inability to continue operations.」
Against a store portfolio consisting largely of leased and in-store locations, the company discloses the risk that its counterparties may be unable to continue their businesses.