Rvh (6786) · RiskMitigated
Decline in future sales due to lower advance payments under beauty service contracts
First written in FY2019. 1 of 2 entries say "Mitigated", first in FY2020. Latest entry: FY2020.
2entries
2years
0from disclosures
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Same theme, other companies
Declining customer advances and future revenue due to weak acquisition of beauty service contractsA theme 1 companies write about · 1 as a headwind · 0 as a tailwind
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Full recordFilings, disclosures and news, newest first
- FY2020MitigatedAnnual report
「Advances received 1,684 Increase due to beauty service contracts acquired」
The Company states that advances received increased due to the acquisition of beauty service contracts, contrary to the risk of a decrease in advances received caused by weak contract acquisition. - FY2019First statedAnnual report
「If customer acquisition under contracts does not progress as planned due to reputational damage or other unforeseen events, resulting in a decrease in the balance of advances received, this could reduce future revenue and affect the Group’s business, operating results and financial condition.」
Because lump-sum advance payments and other amounts under hair-removal and beauty salon contracts are recorded as advances received, the Company discloses the possibility that a decline in advances received due to weak contract acquisition could affect future revenue.