Collection Risk for Lease Deposits, Security Deposits, and Funds Deposited with Developers
First written in FY2016. 6 of 7 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 1 of 11 companies on the "Worse" side.
14 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Our group verifies the credit standing of developers at store locations based on specified criteria, monitors the balance levels and recovery risks of security deposits and guarantee deposits, and seeks to reduce risk by reviewing store-opening conditions and diversifying counterparties as necessary.」
The risk that security deposits and guarantee deposits may become unrecoverable was disclosed again, with verification of developer creditworthiness, monitoring of balances and recovery risks, and counterparty diversification presented as risk-mitigation measures. - FY2023RestatedAnnual report
「When opening tenant stores, some stores in our group pay security deposits and guarantee deposits to shopping-center developers and others. All or part of these deposits may become unrecoverable if the landlord becomes insolvent or for other reasons.」
The risk that security deposits and guarantee deposits may become unrecoverable was disclosed again. - FY2022RestatedAnnual report
「When opening tenant stores, some stores in our group pay security deposits and guarantee deposits to shopping-center developers and others. All or part of these deposits may become unrecoverable if the landlord becomes insolvent or for other reasons.」
The risk that security deposits and guarantee deposits may become unrecoverable was disclosed again. - FY2021RestatedAnnual report
「All or part of the security deposits and guarantee deposits may become unrecoverable if the landlord becomes insolvent or for other reasons.」
The risk that security deposits and guarantee deposits may become unrecoverable was disclosed again. - FY2018RestatedAnnual report
「All or part of the security deposits and guarantee deposits may become unrecoverable if the landlord becomes insolvent or for other reasons.」
The risk that security deposits and guarantee deposits may become unrecoverable was disclosed again. - FY2017RestatedAnnual report
「When opening tenant stores, some stores in our group pay security deposits and guarantee deposits to shopping-center developers and others. All or part of these deposits may become unrecoverable if the landlord becomes insolvent or for other reasons.」
The risk that security deposits and guarantee deposits may become unrecoverable was disclosed again. - FY2016First statedAnnual report
「When opening tenant stores, some stores in our group pay security deposits and guarantee deposits to shopping-center developers and others. All or part of these deposits may become unrecoverable if the landlord becomes insolvent or for other reasons.」
The disclosure also states that funds deposited with developers may be unrecoverable if a developer or other party with which sales proceeds are deposited becomes insolvent.