Store Profitability Risks Related to Site Selection, Competing Openings and Lease Agreements
First written in FY2016. 11 of 22 entries say "Restated". Latest entry: FY2026.
Ginza Renoir moved to the "Worse" side of this theme in 2018, 2 years before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 6 of 9 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Of the amount recognized as ultimately uncollectible deposits, ¥35.551 million was attributable to the current consolidated fiscal year, and the amount recognized as ultimately uncollectible as of the end of the current consolidated fiscal year was ¥345.549 million.」
The amount of deposits ultimately deemed uncollectible increased from ¥309.997 million at the end of the previous fiscal year to ¥345.549 million, expanding the accounting impact of the risk of recovering security deposits under lease agreements. - FY2025WorsenedAnnual report
「Of the amount recognized as ultimately uncollectible deposits, ¥23.764 million was attributable to the current consolidated fiscal year, and the amount recognized as ultimately uncollectible as of the end of the current consolidated fiscal year was ¥309.997 million.」
The amount of deposits ultimately deemed uncollectible increased from ¥289.007 million at the end of the previous fiscal year to ¥309.997 million, expanding the accounting impact of the risk of recovering security deposits under lease agreements. - FY2024WorsenedAnnual report
「Of the amount determined to be ultimately unrecoverable from security deposits, the amount attributable to the current consolidated fiscal year was ¥31.118 million, and as of the end of the current consolidated fiscal year, the amount determined to be unlikely to be ultimately recoverable from security deposits was ¥289.007 million.」
The amount determined to be ultimately unrecoverable from security deposits increased from ¥281.076 million at the end of the previous fiscal year to ¥289.007 million. - FY2023WorsenedAnnual report
「As of the end of the current consolidated fiscal year, the amount determined to be unlikely to be ultimately recoverable from security deposits was ¥281.076 million.」
The amount determined to be ultimately unrecoverable from security deposits increased from ¥264.222 million at the end of the previous fiscal year to ¥281.076 million, increasing the accounting impact of the risk of recovering deposits associated with lease agreements. - FY2022MitigatedAnnual report
「As of the end of the current consolidated fiscal year, the amount determined to be unlikely to be ultimately recoverable from security deposits was ¥264.222 million.」
The amount determined to be ultimately unrecoverable from security deposits decreased from ¥316.141 million at the end of the previous fiscal year to ¥264.222 million, reducing the accounting impact of the deposit-recovery risk. - FY2021WorsenedAnnual report
「Of the amount determined to be ultimately unrecoverable from security deposits, the amount attributable to the current consolidated fiscal year was ¥212.097 million, and as of the end of the current consolidated fiscal year, the amount determined to be unlikely to be ultimately recoverable from security deposits was ¥316.141 million.」
The amount determined to be ultimately unrecoverable from security deposits increased from ¥184.446 million at the end of the previous fiscal year to ¥316.141 million, increasing the accounting impact of profitability and deposit-recovery risks. - FY2020WorsenedAnnual report
「Of the amount determined to be ultimately unrecoverable from security deposits, the amount attributable to the current consolidated fiscal year was ¥614,000, and as of the end of the current consolidated fiscal year, the amount determined to be unlikely to be ultimately recoverable from security deposits was ¥184.446 million.」
The amount determined to be ultimately unrecoverable from security deposits increased from ¥178.302 million at the end of the previous fiscal year to ¥184.446 million, increasing the accounting impact of the risk of recovering deposits associated with lease agreements. - FY2020-Q3RestatedAnnual report
「The cafe industry to which the Group belongs remains in a challenging operating environment, with difficulty recruiting personnel due to the declining birth rate, higher unit wages, higher rents, and intensifying competition among companies in selecting store locations.」
Identifies soaring rents and intensifying competition with competitors regarding store locations as ongoing risks in store expansion. - FY2020-Q2RestatedAnnual report
「The cafe industry to which the Group belongs remains in a challenging operating environment, with rising labor costs resulting from difficulty recruiting personnel due to changes in labor supply and demand, higher rents, and intensifying competition among companies in selecting store locations.」
Identifies soaring rents and intensifying competition with competitors regarding store locations as ongoing risks in store expansion. - FY2020-Q1RestatedAnnual report
「The cafe industry to which the Group belongs remains in a challenging operating environment, with higher labor costs resulting from difficulty recruiting personnel, higher rents and intensifying competition among companies.」
Continues to identify soaring rents and intensifying competition with competitors regarding store locations. - FY2019WorsenedAnnual report
「The amount attributable to the current consolidated fiscal year was ¥25.896 million, and as of the end of the current consolidated fiscal year, the amount determined to be unlikely to be ultimately recoverable from security deposits was ¥178.302 million.」
The amount determined to be ultimately unrecoverable from security deposits increased from ¥154.293 million at the end of the previous fiscal year to ¥178.302 million, increasing the accounting impact of the risk of recovering deposits associated with lease agreements. - FY2019-Q3RestatedAnnual report
「The cafe industry to which the Group belongs remains in a challenging operating environment, with difficulty recruiting personnel due to the declining birth rate, higher unit wages, higher rents, and intensifying competition among companies in selecting store locations.」
Continues to identify soaring rents and intensifying competition with competitors regarding store locations. - FY2019-Q2RestatedAnnual report
「The cafe industry to which the Group belongs remains in a challenging operating environment, with rising labor costs resulting from difficulty recruiting personnel due to changes in labor supply and demand, higher rents, and intensifying competition among companies in selecting store locations.」
Continues to identify soaring rents and intensifying competition regarding store locations. It states that there have been no material changes in business and other risks. - FY2019-Q1WorsenedAnnual report
「Rents have risen and competition among competitors has intensified in the selection of store locations, and the challenging operating environment is expected to continue.」
In addition to the previously disclosed competition over store locations, the company explicitly identifies soaring rents, expanding the disclosure of burdens related to store locations and lease terms. - FY2018WorsenedAnnual report
「The amount attributable to the current consolidated fiscal year was ¥22.505 million, and as of the end of the current consolidated fiscal year, the amount determined to be unlikely to be ultimately recoverable from security deposits was ¥154.293 million.」
The amount determined to be ultimately unrecoverable from security deposits was estimated at ¥154.293 million, up from ¥132.388 million at the end of the previous fiscal year. The accounting impact of the risk of recovering deposits associated with store locations and lease agreements has increased. - FY2018-Q3RestatedAnnual report
「The cafe industry to which the Group belongs remains in a challenging operating environment, with higher raw material prices, rising labor costs resulting from difficulty recruiting personnel due to changes in labor demand, and intensifying competition among companies in selecting store locations.」
Continues to identify intensifying competition with competitors over the selection of store locations as an operating-environment risk. - FY2018-Q2RestatedAnnual report
「The cafe industry to which the Group belongs remains in a challenging operating environment, with higher raw material prices, rising labor costs resulting from difficulty recruiting personnel due to changes in labor supply and demand, and intensifying competition among companies in selecting store locations.」
Continues to identify intensifying competition with competitors over the selection of store locations as a challenge in the operating environment. - FY2018-Q1RestatedAnnual report
「The cafe industry to which the Group belongs remains in a challenging operating environment, with higher raw material prices, rising labor costs resulting from difficulty recruiting personnel due to changes in labor supply and demand, and intensifying competition among companies in selecting store locations.」
Continues to identify intensifying competition with competitors over the selection of store locations as a challenge in the operating environment. - FY2017RestatedAnnual report
「The Group selects locations for new stores after comprehensively considering opening conditions, such as tenant security deposits and rent, as well as the population in the trade area, and develops its store network with emphasis on the profitability of individual stores.」
Continues to describe store profitability risks related to site selection, competitor openings, lease agreements and recovery of security deposits, as well as its emphasis on profitability in opening stores. - FY2017-Q3RestatedAnnual report
「The cafe industry to which the Group belongs remains in a challenging operating environment, with higher raw material prices and labor costs, as well as intensifying competition among companies in selecting store locations.」
Continues to identify intensifying competition with competitors over the selection of store locations. - FY2017-Q2RestatedAnnual report
「The cafe industry to which the Group belongs remains in a challenging operating environment, with higher raw material prices and labor costs, as well as intensifying competition among companies in selecting store locations.」
Continues to identify intensifying competition with competitors in the selection of store locations. - FY2016First statedAnnual report
「Store profitability is significantly affected by the success or failure of site selection. Even after a store opens, external changes in the surrounding location, including competitor openings, may significantly affect profitability.」
Assuming the operation of 120 stores, including 3 franchised stores, the company identifies the possibility of lower customer traffic and average sales per customer, store closures and the inability to recover security deposits.