Risks Related to Landlord Creditworthiness and Lease Renewals for Leased Stores
First written in FY2017. 11 of 12 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2022: 5 of 18 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「If the lease term is long, the company may be unable to recover part of its security deposits or all of its key money if the landlord becomes insolvent during the lease term. In addition, some rented stores may be subject to fixed-term building lease agreements. Under Article 38 of the Act on Land and Building Leases, even if the company wishes to renew the lease after its expiration, it may be unable to do so at the other party’s discretion.」
The company continues to describe the risks relating to landlord creditworthiness, recovery of security deposits and key money, and the inability to renew leases for rented stores. - FY2023-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no new business or other risks, nor any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company continued to recognize that there had been no material changes to the risks relating to landlord creditworthiness, recovery of security deposits and key money, and lease renewal. - FY2022RestatedAnnual report
「If the lease term is long, the company may be unable to recover part of its security deposits or all of its key money if the landlord becomes insolvent during the lease term. In addition, some rented stores may be subject to fixed-term building lease agreements. Under Article 38 of the Act on Land and Building Leases, even if the company wishes to renew the lease after its expiration, it may be unable to do so at the other party’s discretion.」
The company continues to describe the risks relating to landlord creditworthiness, recovery of security deposits and key money, and lease renewal. - FY2022-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no new business or other risks, nor any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company continued to recognize that there had been no material changes to the risks relating to landlord creditworthiness, recovery of security deposits and key money, and lease renewal. - FY2020-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no new business or other risks, nor any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company continued to recognize the risks relating to landlord creditworthiness and lease renewal for rented stores, stating that there had been no material changes. - FY2020-Q1RestatedAnnual report
「During the cumulative first-quarter period, there were no new business or other risks, nor any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company continued to recognize the existing risks relating to landlord creditworthiness and lease renewal for rented stores, stating that there had been no material changes. - FY2019-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company continued to recognize the existing risks relating to landlord creditworthiness and lease renewal for rented stores, stating that there had been no material changes. - FY2018RestatedAnnual report
「If the lease term is long, the company may be unable to recover part of its security deposits or all of its key money if the landlord becomes insolvent during the lease term. In addition, some rented stores may be subject to fixed-term building lease agreements. Under Article 38 of the Act on Land and Building Leases, even if the company wishes to renew the lease after its expiration, it may be unable to do so at the other party’s discretion.」
The company continues to describe the risks relating to landlord creditworthiness, recovery of security deposits and key money, and lease renewal after the lease term ends for rented stores. - FY2018-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company continued to recognize that there had been no material changes to the risks relating to landlord creditworthiness and lease renewal for rented stores. - FY2018-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no new business or other risks, nor any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company continued to recognize the existing risks relating to landlord creditworthiness and lease renewal for rented stores, stating that there had been no material changes. - FY2018-Q1RestatedAnnual report
「During the cumulative first-quarter period, there were no new business or other risks, nor any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company continued to recognize the existing risks relating to landlord creditworthiness and lease renewal for rented stores, stating that there had been no material changes. - FY2017First statedAnnual report
「If the lease term is long, the company may be unable to recover part of its security deposits or all of its key money if the landlord becomes insolvent during the lease term. In addition, some rented stores may be subject to fixed-term building lease agreements. Under Article 38 of the Act on Land and Building Leases, even if the company wishes to renew the lease after its expiration, it may be unable to do so at the other party’s discretion.」
The company described as risks the inability to recover security deposits and key money if landlords become insolvent, and the inability to renew leases after their expiration, due to its reliance on rented stores for most of its locations.