Long-Term Lease Agreements and Contractual Penalties When Facilities Close
First written in FY2022. 1 of 3 entries say "Materialised", first in FY2024-Q3. Latest entry: FY2025.
3 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「If, due to changes in the business environment or other factors, the number of users of the Group's facilities declines and the profitability of operating facilities falls below plan, forcing the closure of facilities, the Group may incur payments such as termination penalties for early cancellation of the relevant contracts, which could affect its financial results.」
Reiterates the risk of penalties under long-term leases when facilities are closed due to declining users or deteriorating profitability. - FY2024-Q3MaterialisedAnnual report
「Termination penalties under leases resulting from the closure of a nursing care facility have been recorded as an extraordinary loss.」
The closure of an unprofitable nursing care facility resulted in an actual ¥40 million termination penalty under its lease. - FY2022First statedAnnual report
「If, due to changes in the business environment or other factors, the number of users of the Group's facilities declines and the profitability of operating facilities falls below plan, forcing the closure of facilities, the Group may incur payments such as termination penalties for early cancellation of the relevant contracts, which could affect its financial results.」
Describes the risk of termination penalties upon closure due to declining users or deteriorating profitability under long-term leases for nursing care facilities and childcare centres.