Risk of Store Closures and Recovery of Security Deposits at Leased Stores
First written in FY2022. 2 of 3 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2022: 5 of 18 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Most of the group's stores are leased. Depending on circumstances attributable to the landlord, the group could be forced to vacate a store even if it is performing well. In addition, because the group pays security deposits when opening stores, all or part of those deposits and other amounts could become unrecoverable in the event of the landlord's bankruptcy or other circumstances attributable to the landlord.」
The company continues to identify the risks of vacating leased stores and recovering security deposits due to circumstances attributable to landlords. - FY2023RestatedAnnual report
「Depending on circumstances attributable to the landlord, the group could be forced to vacate a store even if it is performing well. In addition, because the group pays security deposits when opening stores, all or part of those deposits and other amounts could become unrecoverable in the event of the landlord's bankruptcy or other circumstances attributable to the landlord.」
The company continues to identify the risks of vacating leased stores and recovering security deposits due to circumstances attributable to landlords. - FY2022First statedAnnual report
「Depending on circumstances attributable to the landlord, the group could be forced to vacate a store even if it is performing well. In addition, because the group pays security deposits when opening stores, all or part of those deposits and other amounts could become unrecoverable in the event of the landlord's bankruptcy or other circumstances attributable to the landlord.」
The company identified the risks of store closures and recovery of security deposits associated with its predominantly leased-store structure.