Risks Relating to Retail Store Opening Terms, Deposits and Profitability
First written in FY2016. 1 of 2 entries say "Restated". Latest entry: FY2017.
The whole theme swung hardest in 2020: 4 of 7 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2017RestatedAnnual report
「The Group plans to open stores mainly within walking distance of major stations in the Tokyo metropolitan area, where it expects strong customer traffic, with the aim of further expanding its store network. However, if the number of stores opened does not progress as planned because the Group is unable to secure properties or sales staff meeting store-opening conditions, including rent, this may affect the Group's results of operations.」
The risks relating to securing retail store properties and sales staff, recovering security deposits, profitability and impairment continue to be disclosed. - FY2016First statedAnnual report
「If the number of stores opened does not progress as planned because the Group is unable to secure properties or sales staff meeting the conditions for opening stores, including rent, this may affect the Group's results of operations. If store profitability fails to grow as planned due to changes in the economic environment, trends or consumer preferences, the Group may record impairment losses on fixed assets and other assets used in its stores.」
The disclosure identifies, behind the expansion of the store network, the risks associated with securing properties and sales staff, recovering security deposits and impairment.