Deterioration in the Lessor’s Creditworthiness and Penalties for Breach of Store Lease Agreements
First written in FY2023. 2 of 3 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 12 of 30 companies on the "Worse" side.
41 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Our basic policy is to open company-operated stores through leases.」
Risks related to lessor credit deterioration, inability to recover security deposits and penalties upon contract termination continue. - FY2024RestatedAnnual report
「If a lessor’s financial position deteriorates, some or all of the security deposits paid may become uncollectible. If a mortgage established before we began leasing the property is foreclosed, it may also become difficult to continue using the property on the same terms.」
Risks related to lessor credit deterioration, inability to recover security deposits and lease penalties continue. - FY2023First statedAnnual report
「If a lessor’s financial position deteriorates, some or all of the security deposits paid may become uncollectible. If a mortgage established before we began leasing the property is foreclosed, it may also become difficult to continue using the property on the same terms.」
A risk arising from the policy of opening company-operated stores primarily through leases.