Risks Associated with Store Openings and Closures: Fixed Costs, Security Deposits and Store-Opening Plans
First written in FY2016. 2 of 4 entries say "Restated". Latest entry: FY2025.
Yamato International moved to the "Worse" side of this theme in 2025, 4 years after the typical company in this theme (2021).
The whole theme swung hardest in 2018: 5 of 11 companies on the "Worse" side.
6 other companies' latest entry also says "Materialised".
- FY2025MaterialisedAnnual report
「The number of facilities closing increased as major business partners accelerated their structural reforms, significantly affecting sales.」
Regarding risks related to store locations and business partners, the increase in facility closures due to major business partners accelerating structural reforms and the resulting impact on sales are stated to have actually occurred. - FY2020RestatedAnnual report
「Accordingly, if policy measures lead to an increase in store openings, related costs will also rise proportionately. In such cases, security deposits and guarantee deposits may become wholly or partially unrecoverable if a lessor becomes insolvent or for other reasons.」
The risks of fixed costs associated with store openings, inability to recover guarantee deposits, requests to vacate stores and delays in store opening plans continue to be identified. - FY2017RestatedAnnual report
「Accordingly, if policy measures lead to an increase in store openings, related costs will also rise proportionately. In such cases, security deposits and guarantee deposits may become wholly or partially unrecoverable if a lessor becomes insolvent or for other reasons.」
The risks of higher fixed costs associated with store openings, inability to recover guarantee deposits, requests to vacate stores and delays in store opening plans continue to be identified. - FY2016First statedAnnual report
「Accordingly, if policy measures lead to an increase in store openings, related costs will also rise proportionately. In such cases, security deposits and guarantee deposits may become wholly or partially unrecoverable if a lessor becomes insolvent or for other reasons.」
Rent, personnel expenses and initial investment for directly operated stores, the inability to recover security and guarantee deposits, requests to vacate stores and delays in store opening plans are identified as risks.