Restrictions on new facility openings due to municipal tenders and total-volume controls
First written in FY2023. 2 of 3 entries say "Restated". Latest entry: FY2025.
1 other company's latest entry also says "Restated".
- FY2025RestatedAnnual report
「For the new opening of community-based services and specified facility resident services, namely fee-based homes for the elderly with care, we must apply in accordance with the business plan of the relevant municipality and be selected.」
The Group reconfirms the risk that municipal tenders and selection procedures, as well as total-volume controls, could constrain new facility openings. - FY2024RestatedAnnual report
「For the new opening of community-based services and specified facility resident services, namely fee-based homes for the elderly with care, we must apply in accordance with the business plan of the relevant municipality and be selected.」
The Group reconfirms the risk that municipal tenders and selection procedures, as well as total-volume controls, could constrain new facility openings. - FY2023First statedAnnual report
「For the new opening of community-based services and specified facility resident services, namely fee-based homes for the elderly with care, we must apply in accordance with the business plan of the relevant municipality and be selected. If no public tender for a facility development plan is held because of total-volume controls, or if we are not selected despite participating in a tender, this may affect the Group's ability to execute its business plans.」
The Group identifies municipal business plans, public tenders, selection procedures and total-volume controls as risks that could constrain new facility openings and business expansion.