Change in the Presentation of Revenue from Outsourced Esthetic and Massage Services
First written in FY2019-Q3. . Latest entry: FY2020.
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- FY2020Updated the full-year revenue impact of the change in presentationAnnual report
「Revenue was ¥45,049 million, down 2.2% year on year, partly due to the suspension of schools and an increase in the number of members on leave caused by the spread of COVID-19, as well as the change from gross to net presentation of revenue following a change in the contractual arrangements with the providers of esthetic and massage services beginning in the third quarter of the previous consolidated fiscal year.」
The change in esthetic and massage revenue from gross to net presentation was cited, together with school closures and other effects of the infectious disease, as a factor behind the full-year revenue decline. - FY2020-Q2Updated the cumulative second-quarter revenue impact of the change in presentationAnnual report
「Revenue declined because, beginning in the third quarter of the previous consolidated fiscal year, revenue from esthetic and massage services was changed from gross to net presentation following a change in the contractual arrangements with the service providers, and because of the impact of the previous year's natural disasters, including the closure of Renaissance Senri-Chuo in Toyonaka, Osaka. The change in revenue presentation for esthetic and massage services had no impact on operating profit.」
The change in esthetic and massage revenue from gross to net presentation continued to be cited as a factor behind the cumulative second-quarter revenue decline, although it was explained that there was no impact on operating profit. - FY2019Added the full-year revenue impact of the change in presentationAnnual report
「Revenue was ¥46,070 million, down 0.3% from the previous consolidated fiscal year, partly due to the change from gross to net presentation of revenue following a change in the contractual arrangements with the providers of esthetic and massage services, as well as the impact of the northern Osaka earthquake in June and other natural disasters.」
The full-year results confirmed that the change from gross to net presentation and natural disasters and other factors reduced revenue by slightly more than ¥500 million year on year. - FY2019-Q3First statedAnnual report
「Revenue decreased by slightly more than ¥500 million year on year because revenue for esthetic and massage services was changed from gross to net presentation following a change in the contractual arrangements with the service providers, in addition to the impact of facility closures and temporary closures caused by natural disasters, as described above.」
Following a change in the contractual arrangements with the service providers, revenue from esthetic and massage services was changed from gross to net presentation.