Dependence on Franchise Agreements and Head-Office Policies
First written in FY2016. 5 of 7 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
「Franchisees entrust their operating policies to the franchisors' management policies. Depending on the franchisors' product policies, business conditions and other factors, this may result in fewer store visits and lower average customer spending, thereby affecting the operating results of our group.」
Reconfirms the risk of dependence on the franchisors' product policies and business conditions. - FY2021RestatedAnnual report
「Franchisees entrust their operating policies to the franchisors' management policies. Depending on the franchisors' product policies, business conditions and other factors, this may result in fewer store visits and lower average customer spending, thereby affecting the operating results of our group.」
Restates the risk of dependence on the franchisors' product policies and business conditions. - FY2019RestatedAnnual report
「Franchisees entrust their operating policies to the franchisors' management policies. Depending on the franchisors' product policies, business conditions and other factors, this may result in fewer store visits and lower average customer spending, thereby affecting the operating results of our group.」
Restates the risk of dependence on the franchisors' product policies and business conditions. - FY2018RestatedAnnual report
「Under franchise agreements entered into with 株式会社ハードオフコーポレーション, 株式会社神戸物産 and others, the Company operates stores including Hard Off/Off House and Gyomu Super.」
Continues to describe operations under franchise and sales agency agreements for Hard Off/Off House, Gyomu Super, Daiso and other brands, as well as the risk of dependence on head-office policies. - FY2018-Q1Addition of a franchise partnerAnnual report
「The Company has entered into a sales agency agreement with 株式会社大創 (1-4-14 Saijo-Yoshiyuki-higashi, Higashi-Hiroshima, Hiroshima) for the operation of The Daiso chain stores.」
Discloses that it entered into a sales agency agreement for The Daiso. The agreement runs from 27 May 2017 to 26 May 2022. - FY2017RestatedAnnual report
「Franchisees entrust their operating policies to the franchisors' management policies. Depending on the franchisors' product policies, business conditions and other factors, this may result in fewer store visits and lower average customer spending, thereby affecting the operating results of our group. As of the date of filing this document, no factor has arisen that would impede the continuation of the franchise agreements entered into by the Company.」
Restates the risk of dependence on the franchisors' product policies and business conditions, while stating that, as of the filing date, there are no factors preventing continuation of the agreements. - FY2016First statedAnnual report
「Franchisees entrust their operating policies to the franchisor's management policies. The franchisor's product policies, business conditions and other factors may lead to lower customer traffic and lower average spending per customer, which may affect the operating results of the Group.」
Cites termination of franchise agreements for Hard Off/Off House, Gyomu Super and other brands, as well as the impact of head-office policies on operating performance.