Dependence on the Franchisor’s Management Policies
First written in FY2016. 12 of 17 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2024: 1 of 6 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The performance of the two companies may be affected by the management policies of their respective franchise headquarters.」
The company continues to identify dependence on the franchise headquarters' management policies as a risk for its general merchandise sales and franchisee businesses. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes regarding the risk of dependence on the franchise headquarters' management policies. - FY2023RestatedAnnual report
「The performance of the two companies may be affected by the management policies of their respective franchise headquarters.」
The company continues to identify dependence on the franchise headquarters' management policies as a risk for its general merchandise sales and franchisee businesses. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes regarding the risk of dependence on the franchise headquarters' management policies. - FY2023-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes regarding the risk of dependence on the franchise headquarters' management policies. - FY2021Termination of the Levi's store franchise agreementAnnual report
「The Levi's Store business operated by AOYAMA TRADING Co.,Ltd.'s Casual Business Division terminated its franchise agreement with リーバイ・ストラウスジャパン as of 31 March 2021.」
Regarding the existing risk related to dependence on the franchise headquarters, the Levi's Store agreement ended on 31 March 2021, reducing the number of stores at the fiscal year-end to zero. - FY2021-Q1Completion of liquidation of イーグルリテイリングAnnual report
「イーグルリテイリング, formerly a consolidated subsidiary, was excluded from the scope of consolidation upon completion of its liquidation on 6 April 2020.」
For the American Eagle business, which was related to the risk of dependence on the franchise headquarters, completion of the operating subsidiary's liquidation and its exclusion from the scope of consolidation were confirmed. - FY2020-Q3Termination of the American Eagle franchise agreementAnnual report
「イーグルリテイリング operated the American Eagle business in Japan as a franchisee of American Eagle Outfitters, Inc. of the United States, but after holding repeated discussions with AEO regarding the future business policy, it terminated the franchise agreement as of 31 December 2019 and closed all stores, including its e-commerce operations.」
Among the existing risks related to dependence on the franchise headquarters, the American Eagle franchise agreement ended on 31 December 2019 and all stores, including e-commerce operations, were closed. - FY2019Added consideration of the transfer of the American Eagle businessAnnual report
「On 7 June 2019, the company entered into a basic agreement with American Eagle Outfitters, Inc. of the United States regarding the Japanese American Eagle business operated by its consolidated subsidiary, イーグルリテイリング, including consideration of transferring the business to American Eagle Outfitters, Inc. by 31 December 2019.」
Added the 7 June 2019 basic agreement concerning consideration of the transfer of the Japanese business to the disclosure of the risk of dependence on the franchise headquarters. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company explicitly states that there have been no material changes regarding the risk of dependence on the franchise headquarters' management policies. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company explicitly states that there have been no material changes regarding the risk of dependence on the franchise headquarters' management policies. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company explicitly states that there have been no material changes regarding the risk of dependence on the franchise headquarters' management policies. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company explicitly states that there have been no material changes regarding the risk of dependence on the franchise headquarters' management policies. - FY2017RestatedAnnual report
「The performance of the four companies may be affected by the management policies of their respective franchise headquarters.」
Dependence on the management policies of the franchise headquarters for general merchandise, reuse, casual apparel, food service and other businesses continues to be identified as a risk. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company explicitly states that there have been no material changes regarding the risk of dependence on the franchise headquarters' management policies. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company explicitly states that there have been no material changes regarding the risk of dependence on the franchise headquarters' management policies. - FY2016First statedAnnual report
「The performance of the four companies may be affected by the management policies of their respective franchise headquarters.」
For franchise businesses including general merchandise, reuse, casual apparel and food service, dependence on headquarters policies is identified as a risk.