Long-Term Land and Building Contracts and the Risk of Lower Occupancy
First written in FY2016. 4 of 5 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2024: 5 of 15 companies on the "Worse" side.
8 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「The fee-based nursing homes operated by the group have contract terms of more than 20 years for fixed-term land lease agreements and building lease agreements.」
The company continues to describe the fixed obligations arising from land and building contracts of more than 20 years that generally cannot be terminated, as well as the impact of declining occupancy. - FY2019RestatedAnnual report
「The fee-based nursing homes operated by the company have contract terms of more than 20 years for fixed-term land lease agreements and building lease agreements.」
The company continues to describe the fixed obligations arising from land and building contracts of more than 20 years that generally cannot be terminated, as well as the impact of declining occupancy. - FY2018RestatedAnnual report
「The fee-based nursing homes operated by the company have contract terms of more than 20 years for fixed-term land lease agreements and building lease agreements.」
The company continues to describe the fixed obligations arising from land and building contracts of more than 20 years that generally cannot be terminated, as well as the impact of declining occupancy. - FY2017RestatedAnnual report
「The fee-based nursing homes operated by the company have contract terms of more than 20 years for fixed-term land lease agreements and building lease agreements.」
The company continues to face the risk of fixed obligations arising from land and building contracts of more than 20 years that generally cannot be terminated. - FY2016First statedAnnual report
「The fee-based nursing homes operated by the company have contract terms of more than 20 years for fixed-term land lease agreements and building lease agreements. Since these agreements generally cannot be terminated during the contract term, they enable the company to lease and operate the land and buildings on a stable and continuous basis. However, if a decline in occupancy or other factors necessitates a review of user fees, the company's financial position and operating results may be affected.」
The company describes the contract structure of terms exceeding 20 years that generally cannot be terminated, and identifies the fixed rental burden when occupancy declines as a risk.