Recovery Risks Associated with Securing Store Sites and Long-Term Leases
First written in FY2016. 13 of 15 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2020: 4 of 7 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Many suburban stores, which account for most of the company's stores, have long-term lease agreements running for 15 to 20 years. Construction cooperation deposits are recovered by offsetting them against rent during the contract period, but security deposits are not returned until the contract expires.」
The company continues to face the risks of long-term leases, the inability to recover security deposits and construction cooperation deposits, and the inability to renew contracts, and also describes the impact of costs associated with a build-and-scrap strategy for unprofitable stores. - FY2024WorsenedAnnual report
「Going forward, the company may actively pursue a build-and-scrap strategy for unprofitable stores by optimizing its store cost structure, which could increase the associated costs and affect its business performance.」
In addition to the risks associated with long-term leases and the recovery of security deposits, the company identifies increased costs associated with a build-and-scrap strategy for unprofitable stores as a new factor that could affect performance. - 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 are no material changes in the risks relating to long-term leases and the recovery of security deposits and construction cooperation deposits. - FY2023RestatedAnnual report
「Many suburban stores, which account for most of the company's stores, have long-term lease agreements running for 15 to 20 years. Construction cooperation deposits are recovered by offsetting them against rent during the contract period, but security deposits are not returned until the contract expires.」
The company continues to face the risks associated with long-term leases, the inability to recover security deposits and construction cooperation deposits, and the inability to renew contracts due to factors attributable to landlords. - 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 are no material changes in the risks relating to long-term leases and the recovery of security deposits and construction cooperation deposits. - 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 in the previously disclosed risks relating to long-term leases and the recovery of security deposits and construction cooperation deposits. - FY2019RestatedAnnual report
「Many suburban stores, which account for most of the company's stores, have long-term lease agreements running for 15 to 20 years. Construction cooperation deposits are recovered by offsetting them against rent during the contract period, but security deposits are not returned until the contract expires.」
The company continues to face risks relating to sites for new stores, long-term leases of 15 to 20 years, the inability to recover security deposits and construction cooperation deposits, and the inability to renew contracts. - 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 in the risks concerning the securing of sites for new stores, long-term leases, and the recovery of security deposits and construction cooperation deposits. - 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 in the risks concerning the securing of sites for new stores, long-term leases, and the recovery of security deposits and construction cooperation deposits. - 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 in the risks concerning the securing of sites for new stores, long-term leases, and the recovery of security deposits and construction cooperation deposits. - 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 in the risks concerning the securing of sites for new stores, long-term leases, and the recovery of security deposits and construction cooperation deposits. - FY2017RestatedAnnual report
「Many suburban stores, which account for most of the company's stores, have long-term lease agreements running for 15 to 20 years. Construction cooperation deposits are recovered by offsetting them against rent during the contract period, but security deposits are not returned until the contract expires.」
The company reiterates the risks of securing sites for new stores, long-term leases of 15 to 20 years, the inability to recover security deposits and construction cooperation deposits, and the inability to renew contracts. - 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 in the risks concerning the securing of sites for new stores, long-term leases, and the recovery of security deposits and construction cooperation deposits. - 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 in the risks concerning the securing of sites for new stores, long-term leases, and the recovery of security deposits and construction cooperation deposits. - FY2016First statedAnnual report
「Many suburban stores, which account for most of the company's stores, have long-term lease agreements running for 15 to 20 years. Construction cooperation deposits are recovered by offsetting them against rent during the contract period, but security deposits are not returned until the contract expires.」
The company cites the risk that security deposits and construction cooperation deposits may become unrecoverable, or that contracts may not be renewable, due to delays in securing sites for new stores, long-term contracts, landlord insolvency and other factors.