Risk of Recovering Deposits Paid to Store Locations Due to Poor Business Performance or Insolvency
First written in FY2017. 3 of 4 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2017: 7 of 41 companies on the "Worse" side.
29 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「The company checks the financial condition of store landlords as necessary, but if recovering security deposits becomes difficult due to poor performance, bankruptcy or other circumstances affecting a store landlord, this could affect the company’s operating results and financial condition.」
The company continues to describe the risk of recovering lease deposits from store landlords affected by poor performance or bankruptcy, as well as its practice of checking their financial condition. - FY2020RestatedAnnual report
「The company checks the financial condition of store landlords as necessary, but if recovering security deposits becomes difficult due to poor performance, bankruptcy or other circumstances affecting a store landlord, this could affect the company’s operating results and financial condition.」
The company continues to describe the risk of recovering lease deposits from store landlords affected by poor performance or bankruptcy, as well as its practice of checking their financial condition. - FY2019RestatedAnnual report
「The company checks the financial condition of store landlords as necessary, but if recovering security deposits becomes difficult due to poor performance, bankruptcy or other circumstances affecting a store landlord, this could affect the company’s operating results and financial condition.」
The company continues to describe the risk of recovering lease deposits from store landlords affected by poor performance or bankruptcy, as well as its practice of checking their financial condition. - FY2017First statedAnnual report
「The company has stores for which it has paid security deposits, and the agreements provide for these deposits to be returned upon termination. The company checks the financial condition of store landlords as necessary, but if recovering the deposits becomes difficult due to poor performance, bankruptcy or other circumstances affecting a store landlord, this could affect the company’s operating results and financial condition.」
The company newly describes the risk that store lease deposits may be difficult to recover due to poor performance or bankruptcy of store landlords, as well as its response of checking the landlords’ financial condition.