Dependence on Leased Stores and Risk of Recovering Security Deposits
First written in FY2016. 3 of 4 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2022: 5 of 18 companies on the "Worse" side.
10 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Most of the stores operated by the Company are leased properties. Although lease terms are renewed by agreement with the lessors, the lease agreements may be terminated for reasons attributable to the lessors.」
The risks of dependence on leased stores, lease termination and inability to recover security deposits paid continue to apply. - FY2018RestatedAnnual report
「Most of the stores operated by the Company are leased properties. Although lease terms are renewed by agreement with the lessors, the lease agreements may be terminated for reasons attributable to the lessors. The Company also pays security deposits to the lessors, but part of these deposits may become unrecoverable if a lessor becomes insolvent or for other reasons arising with the lessor.」
The risks of dependence on leased stores, lease termination and inability to recover lease security deposits continue to apply. - FY2017RestatedAnnual report
「Most of the stores operated by the Company are leased properties. Although lease terms are renewed by agreement with the lessors, the lease agreements may be terminated for reasons attributable to the lessors.」
The risks of dependence on leased stores, lease termination and inability to recover security deposits continue to apply. - FY2016First statedAnnual report
「Most of the stores operated by the Company are leased properties. Although lease terms are renewed by agreement with the lessors, the lease agreements may be terminated for reasons attributable to the lessors. The Company also pays security deposits to the lessors, but part of these deposits may become unrecoverable if a lessor becomes insolvent or for other reasons arising with the lessor.」
Dependence on leased properties for store operations and the possibility of contract termination and inability to recover security deposits.