Risk of expansion plans falling short due to difficulty securing store properties
First written in FY2017. 7 of 8 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 6 of 14 companies on the "Worse" side.
30 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Company determines locations for new stores after carefully evaluating them based on a comprehensive consideration of customer demand, rent, the population in the trading area, the status of competing stores, and other factors. However, if it cannot secure properties meeting the relevant conditions, the store-opening plans may not be achieved, which could affect the Company's operating results.」
It continues to identify the risk of failing to meet new store-opening plans due to difficulty securing properties. - FY2025RestatedAnnual report
「The Company determines locations for new stores after carefully evaluating them based on a comprehensive consideration of customer demand, rent, the population in the trading area, the status of competing stores, and other factors. However, if it cannot secure properties meeting the relevant conditions, the store-opening plans may not be achieved, which could affect the Company's operating results.」
It continues to note the risk of failing to meet store-opening plans for directly operated and franchise stores due to difficulty securing properties. - FY2022RestatedAnnual report
「The Company determines locations for new stores after carefully evaluating them based on a comprehensive consideration of customer demand, rent, the population in the trading area, the status of competing stores, and other factors. However, if it cannot secure properties meeting the relevant conditions, the store-opening plans may not be achieved, which could affect the Company's operating results.」
It continues to note the risk of failing to meet store-opening plans due to difficulty securing properties. - FY2021RestatedAnnual report
「If properties meeting the relevant conditions cannot be secured, the store-opening plans may not be achieved, which could affect the Company's operating results.」
It continues to note the risk of failing to meet store-opening plans due to difficulty securing properties. - FY2020RestatedAnnual report
「If properties meeting the relevant conditions cannot be secured, the store-opening plans may not be achieved, which could affect the Company's operating results.」
It continues to note the risk of failing to meet store-opening plans due to difficulty securing properties. - FY2019RestatedAnnual report
「The Company carefully evaluates potential sites for new stores by comprehensively considering rent, the population in the trading area, the status of competing stores, and other factors. However, if it cannot secure properties meeting the required conditions, it may fail to achieve its store-opening plans for both directly operated and franchise stores, which could affect the Company's operating results.」
It continues to note the risk of failing to meet store-opening plans for both directly operated and franchise stores due to difficulty securing properties. - FY2018RestatedAnnual report
「The Company carefully evaluates potential sites for new stores by comprehensively considering rent, the population in the trading area, the status of competing stores, and other factors. However, if it cannot secure properties meeting the required conditions, it may fail to achieve its store-opening plans for both directly operated and franchise stores, which could affect the Company's operating results.」
It continues to note the risk of failing to meet store-opening plans for both directly operated and franchise stores due to difficulty securing properties. - FY2017First statedAnnual report
「The Company carefully evaluates potential sites for new stores by comprehensively considering rent, the population in the trading area, the status of competing stores, and other factors. However, if it cannot secure properties meeting the required conditions, it may fail to achieve its store-opening plans for both directly operated and franchise stores, which could affect the Company's operating results.」
It identifies for the first time, as a separate risk, the possibility of failing to meet store-opening plans for both directly operated and franchise stores due to unsuitable property conditions or difficulty securing properties.