Dependence on the Autobacs Franchise Headquarters and Store-Opening Approval
First written in FY2016. 4 of 6 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2024: 1 of 6 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「In light of these risks, our Group does not set store-opening targets such as a fixed number of stores per year. Instead, it makes store-opening decisions from multiple perspectives, including the trading area, regional characteristics and profitability, while seeking to maintain close coordination with the FC headquarters.」
In response to the risks of requiring FC headquarters approval and having no exclusive trading area, it continues not to set fixed store-opening targets, makes decisions based on profitability and other factors, and coordinates with the FC headquarters. - FY2020MitigatedAnnual report
「In light of these risks, our Group does not set store-opening targets such as a fixed number of stores per year. Instead, it makes store-opening decisions from multiple perspectives, including the trading area, regional characteristics and profitability, while seeking to maintain close coordination with the FC headquarters.」
In response to the risks of requiring FC headquarters approval and having no exclusive trading area, it states that the company does not set fixed store-opening targets, makes decisions based on profitability and other factors, and coordinates with the FC headquarters. - FY2019RestatedAnnual report
「Under this system, approval to open a store must be requested from the franchise headquarters and obtained each time a new store is opened. The chain system does not guarantee the freedom to open stores or exclusivity in a given trading area, as under a territory system, although it does not restrict the areas in which stores may be opened.」
It reiterates the dependence on the FC headquarters, with approval required for each new store and no guarantee of freedom to open stores or exclusivity in a defined trading area. - FY2018RestatedAnnual report
「Under this system, approval to open a store must be requested from the franchise headquarters and obtained each time a new store is opened. The chain system does not guarantee the freedom to open stores or exclusivity in a given trading area, as under a territory system, although it does not restrict the areas in which stores may be opened.」
It reiterates the dependence on the FC headquarters, with approval required for each new store and no guarantee of freedom to open stores or exclusivity in a defined trading area. - FY2017RestatedAnnual report
「Under this system, approval to open a store must be requested from the franchise headquarters and obtained each time a new store is opened. The chain system does not guarantee the freedom to open stores or exclusivity in a given trading area, as under a territory system, although it does not restrict the areas in which stores may be opened.」
It reiterates that approval from the FC headquarters is required for each new store and that there are no guarantees of freedom to open stores or exclusivity in a defined trading area. - FY2016First statedAnnual report
「Under this system, approval to open a store must be requested from the franchise headquarters and obtained each time a new store is opened. The chain system does not guarantee the freedom to open stores or exclusivity in a given trading area, as under a territory system, although it does not restrict the areas in which stores may be opened.」
The filing describes the need for franchise headquarters approval and the absence of territorial exclusivity in the core automotive products business.