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Workman (7564) · RiskDropped

Declining Profitability of Leased Stores and Impairment Risk

First written in FY2016. 4 of 6 entries say "Restated". Latest entry: FY2023.

6entries
8years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY20232016: 120162017: 020172018: 120182019: 120192020: 020202021: 120212022: 120222023: 12023
Same theme, other companies
Impairment Risk at Unprofitable Sites and for Owned PropertiesA theme 147 companies write about · 153 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2025: 43 of 77 companies on the "Worse" side.

4 other companies' latest entry also says "Dropped".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 147 companies compared. The sentences above are computed from all 147.
Full recordFilings, disclosures and news, newest first
  1. FY2023DroppedAnnual report
    This filing does not identify an impairment risk for leased assets resulting from deteriorating profitability at leased stores in its business and other risks.
  2. FY2022RestatedAnnual report

    「If sales at individual stores decline in the future due to changes in the economic environment or competition with other companies in the same industry, the number of prospective franchisees or franchisees wishing to renew their franchise agreements may decrease.」

    The company continues to indicate, in its discussion of franchise operations, the risk of higher company-owned store operating costs when sales at individual stores are weak.
  3. FY2021RestatedAnnual report

    「If the profitability of leased stores deteriorates following the adoption of lease accounting, impairment losses on leased assets may arise and affect the company’s business performance.」

    The impairment risk associated with deteriorating profitability at leased stores is reiterated.
  4. FY2019RestatedAnnual report

    「If the profitability of leased stores deteriorates, impairment losses on leased assets may arise and affect the company’s business performance.」

    The impairment risk associated with deteriorating profitability at leased stores has been reconfirmed.
  5. FY2018RestatedAnnual report

    「If the profitability of leased stores deteriorates, impairment losses on leased assets may arise and affect the company’s business performance.」

    The impairment risk associated with deteriorating profitability at leased stores has been reconfirmed.
  6. FY2016First statedAnnual report

    「The company leases many of the assets used in its stores. If the profitability of leased stores deteriorates following the adoption of lease accounting, impairment losses on leased assets may arise and affect the company’s business performance.」

    Given the use of leases for store assets, impairment losses arising from deteriorating profitability are identified as a risk.
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Declining Profitability of Leased Stores and Impairment Risk | WORKMAN CO.,LTD. (7564) | Komori