Relationships with overseas franchisees and regional concentration risk
First written in FY2016. 2 of 24 entries say "Worsened", first in FY2018. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026Increase in the number of overseas franchise locationsAnnual report
「In Asia and the Middle East, we operated 243 stores under franchise arrangements with reputable local companies as of the end of the fiscal year ending March 2026.」
The number of overseas franchise stores generating royalty income increased from 229 in the previous fiscal year to 243, while the total number of overseas stores, including 11 stores operated by the US subsidiary, reached 254. The description of the agreements with 9 companies in 10 countries and regions and the risks associated with regional concentration and maintaining relationships continues. - FY2026-H1Increase in the number of overseas franchise locationsAnnual report
「Regarding store expansion, 4 stores were opened and 2 stores were closed among overseas stores generating royalty income, bringing the number to 231. Together with 11 stores operated by the US subsidiary, the total number of overseas stores reached 242.」
The number of overseas stores generating royalty income reached 231, while the total number of overseas stores, including 11 stores operated by the US subsidiary, reached 242. There was no material change in the description of the risks associated with maintaining relationships with franchisees or regional concentration. - FY2025Update to overseas franchise store count and related figuresAnnual report
「In Asia and the Middle East, we operated 229 stores under franchise arrangements with reputable local companies as of the end of the fiscal year ending March 2025. We currently have franchise agreements with 9 companies in 10 countries and regions, but our store network is concentrated in certain regions. If we are unable to maintain good relationships in the future due to negotiations with franchisees, competition on terms with competitors or other factors, our group's financial condition and operating results may be affected.」
The number of franchise stores was updated from 228 in the previous fiscal year to 229. The description of the agreements with 9 companies in 10 countries and regions and the risks associated with regional concentration and maintaining relationships continues. - FY2024Update to overseas franchise store count and related figuresAnnual report
「In Asia and the Middle East, we operated 228 stores under franchise arrangements with reputable local companies as of the end of the fiscal year ended March 2024. Our group has built good relationships with its franchisees and plans to continue expanding its franchise operations. We currently have franchise agreements with 9 companies in 10 countries and regions, and our store network is concentrated in certain regions.」
The number of overseas franchise stores was updated to 228, while the contractual scope was updated to 10 countries and regions and 9 companies. The description of the risks associated with regional concentration and maintaining relationships with franchisees continues. - FY2024-Q3Increase in overseas storesAnnual report
「Regarding store expansion, 17 stores were opened and 10 stores were closed among overseas stores generating royalty income, bringing their number to 225. Including the 13 stores operated by overseas subsidiaries, the total number of overseas stores was 238.」
The total number of overseas stores increased from 234 in the previous quarter to 238. The figures relating to the scale of the overseas franchise operations were updated. - FY2024-Q2Increase in overseas storesAnnual report
「Regarding store expansion, 9 stores were opened and 6 stores were closed, bringing the total number of overseas stores to 234.」
The total number of overseas stores increased from 230 at the end of the previous consolidated fiscal year to 234. There was no change in the description of the risks associated with regional concentration among franchise stores or maintaining relationships with franchisees. - FY2024-Q1Increase in overseas storesAnnual report
「Regarding store expansion, 4 stores were opened and 3 stores were closed, bringing the total number of overseas stores to 232.」
The total number of overseas stores increased from 230 at the end of the previous consolidated fiscal year to 232. There was no material change in the description of the risks associated with regional concentration among franchise stores or maintaining relationships with franchisees. - FY2023-Q3Increase in overseas storesAnnual report
「Regarding store expansion, 20 stores were opened and 4 stores were closed, bringing the total number of overseas stores to 230.」
The total number of overseas stores increased from 220 in the previous quarter to 230. There was no material change in the description of the risks associated with regional concentration among franchise stores or maintaining relationships with franchisees. - FY2023-Q2Increase in overseas storesAnnual report
「Regarding store expansion, 9 stores were opened and 3 stores were closed, bringing the total number of overseas stores to 220.」
The total number of overseas stores increased from 214 at the end of the previous fiscal year to 220. There was no change in the description of the risks associated with regional concentration among franchise stores or maintaining relationships with franchisees. - FY2022Update to overseas franchise store count and contractual scopeAnnual report
「In Asia and the Middle East, we operated 201 stores under franchise arrangements with reputable local companies as of the end of the fiscal year ended March 2022. We currently have franchise agreements with 10 companies in 11 countries and regions, and our store network is concentrated in certain regions.」
The number of overseas franchise stores was updated to 201, while the contractual scope was updated to 11 countries and regions and 10 companies. The risks of regional concentration and maintaining relationships with franchisees remain. - FY2022-Q2Increase in overseas storesAnnual report
「Regarding store expansion, 15 stores were opened and 2 stores were closed, bringing the total number of overseas stores to 204.」
The total number of overseas stores increased from 199 at the end of the previous quarter to 204. There was no material change in the description of the risks associated with regional concentration among franchise stores or maintaining relationships with franchisees. - FY2022-Q1Increase in overseas storesAnnual report
「Regarding store expansion, 8 stores were opened and 1 store was closed, bringing the total number of overseas stores to 199.」
The total number of overseas stores increased from 194 at the end of the previous consolidated fiscal year to 199. There was no material change in the description of the risks associated with maintaining relationships with franchisees or regional concentration. - FY2021-Q3Increase in overseas storesAnnual report
「Regarding store expansion, 8 stores were opened and 12 stores were closed, bringing the total number of overseas stores to 194.」
The total number of overseas stores reached 194. There was no material change in the description of the risks associated with maintaining relationships with franchisees or regional concentration. - FY2021-Q2Overseas store count unchangedAnnual report
「Regarding store expansion, 3 stores were opened and 9 stores were closed, bringing the total number of overseas stores to 192.」
The total number of overseas stores remained unchanged at 192 from the previous quarter. There was no material change in the description of the risks associated with maintaining relationships with franchisees or regional concentration. - FY2021-Q1Decline in Overseas Store CountAnnual report
「Regarding store expansion, 1 store was opened and 7 stores were closed, bringing the total number of overseas stores to 192.」
The total number of overseas stores decreased from 198 at the end of the previous consolidated fiscal year to 192. There was no change in the description of the risks associated with maintaining relationships with franchisees or regional concentration. - FY2020WorsenedAnnual report
「In Asia and the Middle East, we operated 183 stores under franchise arrangements with reputable local companies as of the end of the fiscal year ended March 2020. Our group has built good relationships with its franchisees and plans to continue expanding its franchise operations. We currently have franchise agreements with 9 companies in 10 countries and regions, but our store network is concentrated in certain regions. If we are unable to maintain good relationships in the future due to negotiations with franchisees, competition on terms with competitors or other factors, our group's financial condition and operating results may be affected.」
The number of franchise stores in Asia and the Middle East reached 183, while agreements covered 10 countries and regions and 9 companies, increasing the scale of overseas operations and exposure to regional concentration. - FY2020-Q3Increase in the number of overseas locationsAnnual report
「Regarding store expansion, franchisees opened 5 stores in Hong Kong, 6 in Indonesia, 2 in Singapore and 2 in the Philippines, and closed 4 stores in Hong Kong, 5 in China, 1 in Thailand and 1 in Indonesia, bringing the total number of overseas stores to 198.」
The total number of overseas stores reached 198, with the scale of the overseas franchise operations changing through openings and closures by region. There was no material change in the description of the risks associated with maintaining relationships with franchisees or regional concentration. - FY2020-Q2Increase in the number of overseas locationsAnnual report
「Regarding store expansion, franchisees opened 4 stores in Hong Kong, 5 in Indonesia, 1 in Singapore and 1 in the Philippines, and closed 2 stores in Hong Kong, 4 in China, 1 in Thailand and 1 in Indonesia, bringing the total number of overseas stores to 197.」
The total number of overseas stores reached 197, with the scale of the overseas franchise operations changing through openings and closures by region. There was no material change in the description of the risks associated with maintaining relationships with franchisees or regional concentration. - FY2020-Q1Change in the franchise contracting entityAnnual report
「The franchise agreement in Thailand between our company and ME CONCEPT CO.,LTD. was terminated on 4 April 2019 because the franchise rights changed from ME CONCEPT CO.,LTD. to GENKI SUSHI (THAILAND) CO.,LTD. On 5 April 2019, we entered into a new franchise agreement in Thailand with GENKI SUSHI (THAILAND) CO.,LTD. In addition, the franchise agreement in Malaysia between our company and JAPANESE DINING CONCEPTS(ASIA) LTD. changed on 25 June 2019 to an agreement with GENKI SUSHI (MALAYSIA) SDN. BHD., a wholly owned subsidiary of that company.」
In Thailand, the contracting party changed following the transfer of the franchise rights, while in Malaysia the contracting party changed to a wholly owned subsidiary of the existing counterparty. The contracting entities for the overseas franchise operations changed. - FY2019-Q3Termination of overseas agreementsAnnual report
「During the third quarter of the current consolidated fiscal year, the franchise agreement in Australia with KATANA FOODS PTY LTD. and the license agreement in Vietnam with PT.AGUNG MANDIRI LESTARI were terminated.」
The franchise agreement in Australia and the license agreement in Vietnam were terminated. This was disclosed as a change in the status of overseas franchise and license agreements. - FY2018WorsenedAnnual report
「In Asia, the Middle East and Oceania, we operated 160 stores under franchise arrangements with reputable local companies as of the end of the fiscal year ended March 2018. Our group has built good relationships with its franchisees and plans to continue expanding its franchise operations. We currently have franchise agreements with 9 companies in 12 countries and regions, but our store network is concentrated in certain regions. If we are unable to maintain good relationships in the future due to negotiations with franchisees, competition on terms with competitors or other factors, our group's financial condition and operating results may be affected.」
The number of franchise stores reached 160, while the franchise agreements covered 12 countries and regions and 9 companies, with the disclosure continuing to identify regional concentration and relationship-maintenance risks associated with the expansion of overseas operations. - FY2018-Q3Increase in the number of overseas locationsAnnual report
「As part of the store expansion, stores were opened in the United States (1), Singapore (1), Hong Kong (6), China (7), Indonesia (6), the Philippines (2) and Australia (1). Stores were also closed in the United States (1), Hong Kong (5) and China (2), bringing the total number of stores to 175.」
The total number of overseas stores reached 175. There was no material change in the description of the risks associated with maintaining relationships with franchisees or regional concentration. - FY2017Changes in the number of stores and contracted countries and companiesAnnual report
「In Asia and the Middle East, we operated 138 stores under franchise arrangements with reputable local companies as of the end of the fiscal year ended March 2017. We currently have franchise agreements with 7 companies in 8 countries and regions, but our store network is concentrated in certain regions. If we are unable to maintain good relationships in the future due to negotiations with franchisees, competition on terms with competitors or other factors, our group's financial condition and operating results may be affected.」
The number of franchise stores was stated as 138, while the franchise agreements covered 8 countries and regions and 7 companies, indicating a change in the store count and contractual scope from the previous disclosure. The risks of regional concentration and maintaining relationships remain. - FY2016First statedAnnual report
「In Asia and the Middle East, we operate 130 stores under franchise arrangements with reputable local companies. Our group has built good relationships with its franchisees and plans to continue expanding its franchise operations. We currently have franchise agreements with 9 companies in 10 countries and regions, but our store network is concentrated in certain regions. If we are unable to maintain good relationships in the future due to negotiations with franchisees, competition on terms with competitors or other factors, our group's financial condition and operating results may be affected.」
The disclosure identifies relationships with franchisees, competition on terms and regional concentration as risks, based on 130 stores in 10 countries and regions operated under franchise arrangements with 9 companies.