Uncertainty Regarding Recovery of Security Deposits and Lease Renewal
First written in FY2016. 4 of 5 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2026: 11 of 29 companies on the "Worse" side.
41 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「Accordingly, when opening new locations, the group thoroughly manages credit risk and seeks to avoid concentrating its leases with particular landlords.」
The company continues to address the risks of non-recovery of deposits and risks associated with lease agreements through credit risk management and diversification of landlords. - FY2019RestatedAnnual report
「Lease agreements may not be renewed due to circumstances attributable to landlords. In addition, if a landlord terminates a lease agreement before its expiration, the company may be forced to close a location earlier than planned even if the store is performing well.」
The company continues to disclose the risks of non-return of leasehold deposits, inability to renew lease agreements and unplanned store closures. - FY2018RestatedAnnual report
「Lease agreements may not be renewed due to circumstances attributable to landlords. In addition, if a landlord terminates a lease agreement before its expiration, the company may be forced to close a location earlier than planned even if the store is performing well.」
The company continues to disclose the risks of non-return of leasehold deposits, inability to renew lease agreements and unplanned store closures. - FY2017RestatedAnnual report
「If any of these events occurs, it may affect the group's operating results and financial position.」
The company continues to disclose the risks of non-return of leasehold deposits, inability to renew lease agreements and unplanned store closures. - FY2016First statedAnnual report
「When vacating a location, all or part of the leasehold deposit may not be returned. Similarly, if the group terminates a lease agreement before its expiration for reasons attributable to the group, all or part of the leasehold deposit may not be returned, depending on the terms of the agreement.」
The company anticipates the non-return of deposits, inability to renew leases and unplanned store closures due to circumstances attributable to landlords.