Interruption of continued use and early termination of leased real estate
First written in FY2021. 2 of 3 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2026: 12 of 38 companies on the "Worse" side.
44 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Our company has long-term leases for certain hotel and restaurant properties. If a property owner becomes insolvent or otherwise falls into financial distress, it may become difficult to continue operating the relevant facility.」
We reiterated the risk that the insolvency of a leased-property owner could make it difficult to continue operations. - FY2022RestatedAnnual report
「If a property owner becomes insolvent or otherwise falls into financial distress, it may become difficult to continue operating the relevant facility. In addition, if we terminate a lease early during its term for reasons attributable to us, we may be required to pay or compensate the landlord for part of the rent due for the remaining lease period.」
We reiterated the risk of an obligation to provide compensation associated with interruption of continued use of leased real estate and early termination of leases. - FY2021First statedAnnual report
「Our group has long-term leases for certain hotel and restaurant properties. If a property owner becomes insolvent or otherwise falls into financial distress, it may become difficult to continue operating the relevant facility. In addition, if we terminate a lease early during its term for reasons attributable to our group, we may be required to pay or compensate the landlord for part of the rent due for the remaining lease period.」
We disclosed the risks of interruption of continued use due to a leased-property owner’s insolvency and the obligation to provide compensation upon early termination of a lease.