Landlord Bankruptcy and the Risk of Non-Recovery of Deposits Paid
First written in FY2017. 1 of 4 entries say "Restated". Latest entry: FY2022-Q2.
Aeon Hokkaido moved to the "Worse" side of this theme in 2019, 3 years before the typical company in this theme (2022).
The whole theme swung hardest in 2026: 12 of 30 companies on the "Worse" side.
2 other companies' latest entry also says "Materialised".
- FY2022-Q2MaterialisedAnnual report
「Loss on termination of lease agreements 396」
The Company recognized a loss of ¥396 million on the termination of lease agreements, turning into an actual loss the risk previously identified of losses associated with early termination. - FY2019WorsenedAnnual report
「In addition, if the Company terminates any of its land and building lease agreements before their scheduled expiration for reasons attributable to the Company, it may forfeit part of the security deposits and other amounts paid.」
In addition to the previously identified risks of continued use and recovery when a landlord becomes insolvent, the Company has stated that it may forfeit security deposits and other amounts paid if it terminates a lease early for reasons attributable to the Company. - FY2018RestatedAnnual report
「If a corporate or individual owner of land or buildings becomes insolvent or otherwise falls into financial difficulty, making it difficult to continue using the store or recover receivables, this may affect the Company's operating results.」
The Company continues to disclose the risks of being unable to continue using stores or recover receivables following a store landlord's insolvency, and also describes safeguards involving mortgages and leasehold rights. - FY2017First statedAnnual report
「If a corporate or individual owner of land or buildings becomes insolvent or otherwise falls into financial difficulty, making it difficult to continue using the store or recover receivables, this may affect the Company's operating results.」
The Company identifies the risk of being unable to continue using stores or recover amounts owed if an owner becomes insolvent, in relation to deposits, security deposits and construction cooperation contributions associated with store leases.