Risk of Continuing the Sub-Franchise Agreement with the International Headquarters
First written in FY2016. 20 of 21 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2024: 1 of 6 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Under its agreement with Century 21 Real Estate LLC, the Company holds the rights to act as franchisor in Japan on a perpetual basis and conducts management policy, policy decisions and business development based on its own independent decision-making.」
It indicated that the Company holds the rights to act as franchisor in Japan on a perpetual basis and makes its own independent decisions, while reiterating the possibility of termination due to a material breach of contract or other circumstances. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter, there were no material changes in the company's financial position, operating results or cash flows, including any abnormal fluctuations, or in the risks relating to the business and other matters described in the securities report for the previous fiscal year.」
It stated that there had been no material change in the risk to the continuation of the sub-franchise agreement with the international headquarters. - FY2022RestatedAnnual report
「Under its agreement with Century 21 Real Estate LLC, the Company holds the rights to act as franchisor in Japan on a perpetual basis and conducts management policy, policy decisions and business development based on its own independent decision-making. Under the agreement between the Company and Century 21 Real Estate LLC, grounds for termination arise if (1) there is a material breach of contract, including non-performance, and the breach is not remedied within 30 days thereafter, or (2) a breach by Century 21 Real Estate LLC that it notified the Company of within the preceding 12 months is repeated.」
It reiterated that the Company holds the rights to act as franchisor in Japan on a perpetual basis and makes its own independent decisions, while noting the possibility of termination due to a material breach of contract or other circumstances. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter, there were no material changes in the company's financial position, operating results or cash flows, including any abnormal fluctuations, or in the risks relating to the business and other matters described in the securities report for the previous fiscal year.」
It stated that there had been no material change in the risk to the continuation of the sub-franchise agreement with the international headquarters. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter, there were no material changes in the company's financial position, operating results or cash flows, including any abnormal fluctuations, or in the risks relating to the business and other matters described in the securities report for the previous fiscal year.」
It stated that there had been no material change in the risk to the continuation of the sub-franchise agreement with the international headquarters. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter, there were no material changes in the company's financial position, operating results or cash flows, including any abnormal fluctuations, or in the risks relating to the business and other matters described in the securities report for the previous fiscal year.」
No new changes were indicated regarding the risk to the continuation of the sub-franchise agreement with the international headquarters. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter, there were no material changes in the company's financial position, operating results or cash flows, including any abnormal fluctuations, or in the risks relating to the business and other matters described in the securities report for the previous fiscal year.」
It stated that there had been no material change in business and other risks, and indicated no new changes relating to the risk to the continuation of the sub-franchise agreement with the international headquarters. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter, there were no material changes in the company's financial position, operating results or cash flows, including any abnormal fluctuations, or in the risks relating to the business and other matters described in the securities report for the previous fiscal year.」
It stated that there had been no material change in the risk to the continuation of the sub-franchise agreement with the international headquarters. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter, there were no material changes in the company's financial position, operating results or cash flows, including any abnormal fluctuations, or in the risks relating to the business and other matters described in the securities report for the previous fiscal year.」
It stated that there had been no material change in the risk to the continuation of the sub-franchise agreement with the international headquarters. - FY2019RestatedAnnual report
「As of the date of submission of this report, no factors preventing continuation of the agreement had arisen. However, if any factor preventing continuation of the agreement arises, it could have a material effect on business activities.」
It reiterated that the Company maintains a perpetual sub-franchise agreement with the international headquarters and that a material impact could arise if grounds for termination occur. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter, there were no material changes in the company's financial position, operating results or cash flows, including any abnormal fluctuations, or in the risks relating to the business and other matters described in the securities report for the previous fiscal year.」
It stated that there had been no material change in the risk to the continuation of the sub-franchise agreement with the international headquarters. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter, there were no material changes in the company's financial position, operating results or cash flows, including any abnormal fluctuations, or in the risks relating to the business and other matters described in the securities report for the previous fiscal year.」
It stated that there had been no material change in the risk to the continuation of the sub-franchise agreement with the international headquarters. - FY2018RestatedAnnual report
「The Company has made its sub-franchise agreement in Japan perpetual and conducts management policy, policy decisions and business development based on its own independent decision-making. If any factor preventing continuation of the agreement arises, it could have a material effect on business activities.」
It reiterated that the sub-franchise agreement with the international headquarters is perpetual and that the Company makes its own independent decisions, while noting the potential for a material impact if continuation of the agreement is jeopardized. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter, there were no material changes in the company's financial position, operating results or cash flows, including any abnormal fluctuations, or in the risks relating to the business and other matters described in the securities report for the previous fiscal year.」
It reconfirmed that there had been no material change in the risk to the continuation of the sub-franchise agreement with the international headquarters. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter, there were no material changes in the company's financial position, operating results or cash flows, including any abnormal fluctuations, or in the risks relating to the business and other matters described in the securities report for the previous fiscal year.」
It stated that there had been no material change in the risk to the continuation of the sub-franchise agreement with the international headquarters. - FY2018-Q1RestatedAnnual report
「During the cumulative first quarter, there were no material changes in the company's financial position, operating results or cash flows, including any abnormal fluctuations, or in the risks relating to the business and other matters described in the securities report for the previous fiscal year.」
It stated that there had been no material change in the risk to the continuation of the sub-franchise agreement with the international headquarters. - FY2017RestatedAnnual report
「The Company has made its sub-franchise agreement in Japan perpetual and conducts management policy, policy decisions and business development based on its own independent decision-making.」
It reiterated the risk to continuation arising from the perpetual agreement with the international headquarters and grounds for termination. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter, there were no material changes in the company's financial position, operating results or cash flows, including any abnormal fluctuations, or in the risks relating to the business and other matters described in the securities report for the previous fiscal year.」
It stated that there had been no material change in the risk to the continuation of the sub-franchise agreement with the international headquarters. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter, there were no material changes in the company's financial position, operating results or cash flows, including any abnormal fluctuations, or in the risks relating to the business and other matters described in the securities report for the previous fiscal year.」
It stated that there had been no material change in the risk to the continuation of the sub-franchise agreement with the international headquarters. - FY2017-Q1RestatedAnnual report
「During the cumulative first quarter, there were no material changes in the company's financial position, operating results or cash flows, including any abnormal fluctuations, or in the risks relating to the business and other matters described in the securities report for the previous fiscal year.」
It explicitly stated that there had been no material change in the risk to the continuation of the sub-franchise agreement with the international headquarters described in the previous fiscal year. - FY2016First statedAnnual report
「As of the date of submission of this report, no factors preventing continuation of the agreement had arisen. However, if any factor preventing continuation of the agreement arises, it could have a material effect on business activities.」
It states that the exclusive sub-franchise agreement in Japan is perpetual, while noting the possibility of termination due to a material breach of contract or other circumstances.