Uncertainty over Renewal of U.S. 7-Eleven ATM Installation Agreement
First written in FY2023. 2 of 4 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2018: 7 of 40 companies on the "Worse" side.
5 other companies' latest entry also says "Mitigated".
- FY2025-H1MitigatedAnnual report
「Our consolidated subsidiary FCTI, Inc. renewed its ATM installation agreement with 7-Eleven, Inc. covering 7-Eleven stores in the United States, including Speedway stores.」
The ATM installation agreement with U.S. 7-Eleven, which had been under renewal negotiations, was renewed, including the agreements covering Speedway. - FY2024-Q2RestatedAnnual report
「At consolidated subsidiary FCTI, Inc., the company is assessing the profitability and recoverability of other assets, property, plant and equipment, intangible assets, and deferred tax assets, based on the key assumption that the ATM installation agreement with 7-Eleven, Inc. will be renewed. Renewal of the agreement is under negotiation and involves a certain degree of uncertainty.」
The company continues to disclose negotiations to renew the ATM installation agreement with U.S. 7-Eleven and the accounting estimates based on renewal of the agreement as a key assumption. - FY2024-Q1RestatedAnnual report
「At consolidated subsidiary FCTI, Inc., the company is assessing the profitability of other assets, property, plant and equipment, and intangible assets, as well as the recoverability of deferred tax assets, based on the key assumption that the ATM installation agreement with 7-Eleven, Inc. will be renewed. Renewal of the agreement is under negotiation and involves a certain degree of uncertainty. If the estimates differ from actual results because the agreement is not renewed, this could affect profit or loss for the current consolidated fiscal year.」
The company continues to disclose negotiations to renew the ATM installation agreement with U.S. 7-Eleven and the accounting estimates based on renewal of the agreement as a key assumption. The outcome of the renewal negotiations has not been disclosed. - FY2023First statedAnnual report
「The renewal of the ATM installation agreement between FCTI, Inc. and 7-Eleven, Inc. is under negotiation and involves a certain degree of uncertainty. If the agreement is not renewed, it could affect profit or loss in the following consolidated fiscal year.」
The ATM installation agreement at 7-Eleven stores in the United States is under renewal negotiations, and the potential impact on profit or loss in the following fiscal year if it is not renewed was disclosed as a new risk.