Aging stores and equipment, major renovations, and regulatory changes
First written in FY2016. 2 of 4 entries say "Restated". Latest entry: FY2021.
No other company in this theme has enough history to compare yet.
- FY2021Expanded the scope of facility and regulatory risks to include countries overseas.Annual report
「Domestic store facilities are subject to regulations under the Building Standards Act, Fire Service Act and other laws, and similar laws and regulations apply in each country. Any changes to these legal requirements may affect the business development and financial performance of the Group.」
In addition to the aging of domestic stores and equipment, major repairs and regulatory changes, similar regulations in overseas countries were explicitly identified. - FY2018RestatedAnnual report
「If an accident occurs due to deterioration or other causes, or if unexpected major repairs become necessary to maintain safety, our group’s performance could be affected.」
The risks of equipment deterioration, major repairs, and changes to building, fire safety and outdoor advertising regulations were reiterated. - FY2017RestatedAnnual report
「If an accident occurs due to deterioration or other causes, or if unexpected major repairs become necessary to maintain safety, our group’s performance could be affected.」
The risks of equipment deterioration, major repairs, and changes to building, fire safety and outdoor advertising regulations were reiterated. - FY2016First statedAnnual report
「Our group works to manage the safety of the stores and equipment it operates, but if an accident occurs due to deterioration or other causes, or if unexpected major repairs become necessary to maintain safety, our group’s performance could be affected. Store facilities are also subject to regulations under the Building Standards Act and the Fire Service Act, as well as local ordinances governing outdoor advertising in each prefecture. If these legal regulations change, our group’s business expansion and performance could be affected.」
Aging equipment and repair costs, and changes to building, fire safety and outdoor advertising regulations, were cited.