Does Benihana undertake any obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of the report?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
This Annual Report on Form 10-K and certain information incorporated herein by reference contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") and Section 27A of the Securities Act of 1933, as amended (the "Securities Act"). Forward-looking statements speak only as of the date thereof and involve risks and uncertainties that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risk and uncertainties include, but are not limited to, the risk factors discussed under Item 1A. "Risk Factors" of this Annual Report on Form 10-K. Factors that might cause actual events or results to differ materially from those indicated by these forward-looking statements include matters such as future economic performance, general economic conditions, consumer preferences and spending, costs, competition, new product execution, restaurant openings or closings, operating margins, the availability of acceptable real estate locations, the sufficiency of our cash balances and cash generated from operations and financing activities for our future liquidity and capital resource needs, the impact on our business of Federal and State legislation and local regulation, future litigation, the execution of our growth strategy and other matters. We have attempted to identify forward-looking statements by terminology including "anticipates," "believes," "can," "continue," "ongoing," "could," "estimates," "expects," "intends," "may," "appears," "suggests," "future," "likely," "goal," "plans," "potential," "projects," "predicts," "should," "targets," "would," "will" and similar expressions that convey the uncertainty of future events or outcomes. You should not place undue reliance on any forward-looking statement. We do not undertake any obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this report or to reflect the occurrence of unanticipated events, except as may be required under applicable law.
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, Benihana does not commit to updating or revising forward-looking statements. These statements are only relevant as of the date they are made. They are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated.
Factors influencing these differences include economic performance, market conditions, consumer behavior, costs, competition, new product execution, restaurant operations (openings/closings), operating margins, real estate availability, cash sufficiency, legislative and regulatory impacts, litigation, and the execution of Benihana's growth strategy.
The FDD uses terms such as "anticipates," "believes," "expects," "intends," and "plans" to highlight the uncertainty inherent in these forward-looking statements. Therefore, prospective franchisees should avoid placing undue reliance on these statements. Benihana is not obligated to update these statements, except as required by law.