Dependence on Leased Properties, Suppliers, and Contracts with Chrome Hearts
First written in FY2016. 4 of 9 entries say "Mitigated", first in FY2017-Q3. Latest entry: 2026-05-11.
No other company in this theme has enough history to compare yet.
- 2026-05-11MitigatedEarnings
「United Arrows Co., Ltd. completed the transfer of all shares held by us to Gyet Co.,Ltd. on 2 March 2026.」
コーエン全株式の譲渡完了により、同社に関する資本関係・事業構造上の依存が低減した。 - FY2025MitigatedAnnual report
「CHROME HEARTS JP合同会社 excluded from equity-method affiliates in December 2024」
The company sold its entire equity interest in the Chrome Hearts business and ended its capital relationship with the business. Dependence on the Chrome Hearts agreement and business structure has been reduced from previous levels. - FY2023ReframedAnnual report
「As purchasing behavior continues to shift online, a decline in the ability of the relevant commercial facility to attract customers may reduce customer traffic and affect the performance of our group.」
Regarding the risk of dependence on leased properties, the company highlighted a decline in the ability of commercial facilities to attract customers and reduced store traffic resulting from the shift online, alongside measures based on store-opening decisions, store profit-and-loss monitoring, and withdrawal criteria. - FY2021-Q3MitigatedAnnual report
「From the third quarter of the current fiscal year, CHROME HEARTS JP GK, formerly a consolidated subsidiary, became an affiliate due to a decrease in the ownership ratio. It was therefore excluded from the scope of consolidation and made an equity-method affiliate.」
For the Chrome Hearts business, the company moved from consolidated-subsidiary status to equity-method affiliate status due to a decrease in the ownership ratio, implementing the previously planned withdrawal from the scope of consolidation. - FY2019RestatedAnnual report
「We understand that the license agreement with Chrome Hearts Japan Y.K. will continue. However, the license agreement may be terminated or otherwise cancelled if CH GK or we commit a material breach of contract or if other exceptional circumstances arise. We have also agreed with Frankster USA, LLC to transfer our equity interest in CH GK in stages. As a result of these transfers, CH GK is scheduled to cease being our consolidated subsidiary from January 2021, and we are scheduled to cease holding an equity interest in CH GK from January 2025.」
While continuing to assume the continuation of the Chrome Hearts license, the company reiterated its plans for CH GK to cease being a consolidated subsidiary in 2021 and for its equity interest to be eliminated in 2025. - FY2017ReframedAnnual report
「We have agreed with Frankster JP GK to transfer our equity interest in CH GK in stages. As a result of these transfers, CH GK is scheduled to cease being our consolidated subsidiary from January 2021, and we are scheduled to cease holding an equity interest in CH GK from January 2025.」
In addition to reducing risks through the company split of the Chrome Hearts business, the company explicitly described a structure under which it plans to withdraw CH GK from its consolidated subsidiaries in the future and ultimately dispose of its equity interest through staged transfers. - FY2017-Q3MitigatedAnnual report
「Following the transfer of the Chrome Hearts business to our consolidated subsidiary CHROME HEARTS JP GK through a company split effective 1 October, the operation of the business’s 10 stores was transferred to that subsidiary.」
Regarding dependence on the Chrome Hearts agreement, the company split and transition to subsidiary operations have been completed. There has been no change in the description of risks related to leased properties and suppliers. - FY2017-Q1RestatedAnnual report
「The term of the current license agreement is scheduled to expire at the end of September 2016.」
The company continues to assume the expiration of the current Chrome Hearts license agreement and describes a plan to maintain its involvement in and revenue from the business through a company split and joint venture operations. - FY2016First statedAnnual report
「The term of the license agreement is scheduled to expire at the end of September 2016.」
In addition to the financial condition and rents of commercial facilities and the bankruptcy of major suppliers, the company identified the expiration of the Chrome Hearts license agreement as a business risk and separately described business continuity measures.