Constraints on exiting nursing care facilities under long-term lease agreements
First written in FY2023. 2 of 3 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2024: 1 of 6 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Depending on the terms of a long-term lease agreement, withdrawal may be restricted for a certain period. If we breach those restrictions, we may incur penalties and other payments for early termination, which could affect our group's financial position and operating results.」
The company is reconfirming the risks of restrictions on withdrawing from unprofitable facilities and of penalties under long-term lease agreements. - FY2024RestatedAnnual report
「Depending on the terms of a long-term lease agreement, withdrawal may be restricted for a certain period. If we breach those restrictions, we may incur penalties and other payments for early termination, which could affect our group's financial position and operating results.」
The company is reconfirming the risks of restrictions on withdrawing from unprofitable facilities and of penalties under long-term lease agreements. - FY2023First statedAnnual report
「If we decide to close an operating site because, for example, its profitability falls below plan, the terms of a long-term lease agreement may impose restrictions on withdrawal for a certain period. If we breach those restrictions, we may incur penalties and other payments for early termination, which could affect our group's financial position and operating results.」
The company indicates that, because its facilities are generally developed through the rental of land and buildings, withdrawal may be restricted and penalties may be incurred if profitability deteriorates.