Failure to Recover Security Deposits, Guarantee Deposits and Construction Cooperation Funds
First written in FY2020. 6 of 7 entries say "Mitigated", first in FY2022. Latest entry: FY2026.
The whole theme swung hardest in 2026: 12 of 32 companies on the "Worse" side.
8 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「The Group’s basic approach is to open stores in leased properties. When entering into lease agreements for store properties and other premises, it pays security deposits, guarantee deposits and construction cooperation deposits to lessors. As of 31 March 2026, the balance was ¥3,939 million, equivalent to 8.1% of total assets.」
The balance of deposits paid and other deposits declined from ¥4,014 million in the previous fiscal year to ¥3,939 million, while the ratio to total assets fell from 8.6% to 8.1%. The risk of uncollectibility itself remains. - FY2025MitigatedAnnual report
「As of 31 March 2025, the balance was ¥4,014 million, equivalent to 8.6% of total assets.」
The balance of security deposits, guarantee deposits and construction cooperation deposits declined from ¥4,117 million in the previous fiscal year to ¥4,014 million, while the ratio to total assets fell from 9.0% to 8.6%. The risk of uncollectibility itself remains. - FY2024MitigatedAnnual report
「As of 31 March 2024, the balance was ¥4,117 million, equivalent to 9.0% of total assets.」
The balance of security deposits, guarantee deposits and construction cooperation deposits declined from ¥4,201 million in the previous fiscal year to ¥4,117 million, while the ratio to total assets increased from 8.7% in the previous fiscal year to 9.0%. The risk of uncollectibility itself remains. - FY2024-Q2MitigatedAnnual report
「Deposits paid 4,201 4,152」
The balance of deposits paid declined from ¥4,201 million at the end of the previous consolidated fiscal year to ¥4,152 million. The risk of uncollectibility itself continues to be disclosed. - FY2023MitigatedAnnual report
「As of 31 March 2023, the balance was ¥4,201 million, equivalent to 8.7% of total assets.」
The balance of security deposits, guarantee deposits and construction cooperation deposits declined from ¥4,363 million in the previous fiscal year to ¥4,201 million, while the ratio to total assets fell from 9.1% to 8.7%. The risk of uncollectibility itself remains. - FY2022MitigatedAnnual report
「Security deposits and guarantee deposits are contractually refundable upon termination of the lease agreement at the end of the contract period or for other reasons, while construction cooperation deposits are contractually recoverable in full by the end of the contract period through offsetting against rent payments. However, security deposits, guarantee deposits and construction cooperation deposits may become partly or wholly uncollectible if the recipients suffer financial failure or similar circumstances, or may not be refunded if the lease is terminated before the expiry of the period specified in the lease agreement.」
The balance of deposits paid and other deposits was ¥4,363 million, or 9.1% of total assets, down from ¥4,641 million in the previous fiscal year. The risk of uncollectibility itself remains. - FY2020First statedAnnual report
「Security deposits, guarantee deposits and construction cooperation deposits may become partly or wholly uncollectible if the recipients suffer financial failure or similar circumstances, or may not be refunded if the lease is terminated before the expiry of the period specified in the lease agreement. If such circumstances arise, they may affect the company’s business performance.」
The company newly disclosed separately the risk that ¥4,641 million in deposits paid and other deposits, equivalent to 12.2% of total assets, could become uncollectible due to the recipient’s failure or early termination of the lease.