Risks Related to Securing Properties for Company-Operated Stores, Store Profitability, and Lease Agreements
First written in FY2018. 5 of 9 entries say "Materialised", first in FY2021-Q2. Latest entry: FY2024-Q3.
Hachi-Ban moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 5 of 8 companies on the "Worse" side.
3 other companies' latest entry also says "Materialised".
- FY2024-Q3MaterialisedAnnual report
「In preparation for losses arising from partial termination of lease contracts, we recognized ¥1.386 million in special losses for reasonably expected losses, including penalties for partial early termination.」
The Company recognized a provision for estimated losses of ¥1.386 million, including penalties for early termination, arising from partial termination of lease contracts, bringing store-closure and lease-related risks into the actual results. <|endoftext|>quantified=true, materialized=true - FY2023MaterialisedAnnual report
「We have recognized a provision for estimated store-closure-related losses, including reasonably expected penalties for early termination of leases, in preparation for losses arising from store closures.」
Store-closure and lease-related risks have continued to materialize through a ¥4.268 million provision for store-closure losses and the recognition of related losses. - FY2023-Q2MaterialisedAnnual report
「In connection with store closures, we recognized ¥1.540 million in special losses for rent and other occupancy costs payable through the end of the lease term.」
The Company recognized ¥1.540 million in rent and other occupancy costs payable through the end of the lease term as an expense for provision for store-closure losses, bringing store-closure and lease-related risks into the accounting treatment. - FY2021WorsenedAnnual report
「In principle, the land and buildings for our stores are leased. If, because a lessor becomes insolvent or for other reasons, we are required to vacate a store after a lease is terminated during its term or renewal is refused, our group's performance may be affected if deposits paid, including security deposits, guarantee deposits and construction cooperation deposits, become uncollectible or impairment losses and other costs arise.」
In addition to impairment losses associated with store closures, the Company recognized a ¥23.344 million provision for store-closure-related losses, bringing store-opening and lease-related risks into the accounting treatment. - FY2021-Q3MaterialisedAnnual report
「We have recognized a provision for estimated store-closure-related losses, including reasonably expected penalties for early termination of leases, in preparation for losses arising from store closures.」
The Company recognized a provision for estimated losses, including penalties for early termination of leases, arising from store closures, bringing store-closure and lease-related risks into the actual accounting treatment. - FY2021-Q2MaterialisedAnnual report
「At 1 closed store and 3 stores scheduled to close, the carrying amount was reduced to the recoverable amount, and an impairment loss of ¥148.739 million was recorded as an extraordinary loss, comprising ¥120.629 million for buildings and structures and ¥28.11 million for tools, fixtures and equipment.」
The store profitability and closure risks associated with directly operated stores had an actual impact in the form of impairment losses for 1 store already closed and 3 stores scheduled to close. - FY2020WorsenedAnnual report
「In addition, directly operated stores include openings intended to develop and establish new business formats. However, a new format may not necessarily win customer support. If store closures or withdrawal from a business format result in impairment losses or penalties for early termination of leases and other contracts, our group's performance may be affected.」
In addition to property, profitability and lease risks associated with directly operated stores, the Company added the risks of impairment losses and penalties if a new business format fails to gain support and stores are closed or the format is discontinued. - FY2019RestatedAnnual report
「Regarding directly operated stores, our group's performance may be affected if new openings do not proceed as planned because no properties meet the opening requirements, or if planned store profitability cannot be secured owing to changes in the location environment after opening or intensifying competition with competitors.」
The Company continues to disclose risks relating to securing properties for directly operated stores, store profitability affected by location and competition, and lease contracts. - FY2018First statedAnnual report
「Regarding directly operated stores, our group's performance may be affected if new openings do not proceed as planned because no properties meet the opening requirements, or if planned store profitability cannot be secured owing to changes in the location environment after opening or intensifying competition with competitors. In principle, the land and buildings for our stores are leased. Our group's performance may also be affected if a lessor becomes insolvent, a lease is terminated during its term or renewal is refused for other reasons, or deposits paid, including security deposits, guarantee deposits and construction cooperation deposits, become uncollectible.」
The Company discloses property acquisition, profitability, lessor insolvency, refusal to renew leases and uncollectible deposits as an integrated store-opening and real estate risk.