Rapid inflation under the fixed-fee MELS PLAN subscription service
First written in FY2017. 4 of 13 entries say "Restated". Latest entry: FY2025.
Menicon moved to the "Worse" side of this theme in 2021.
1 other company's latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「Although the Group has revised Mels Plan's monthly membership fees several times to address increases in procurement, logistics and labor costs and to maintain stable product supply and service provision, it recognizes that the risk may materialize at any time because it may be difficult to promptly pass sharp price increases through to monthly membership fees.」
The company disclosed that it had revised Mels Plan's monthly membership fees several times in response to rising prices and procurement costs, providing specific details of its price pass-through measures. - FY2025-H1MitigatedAnnual report
「Net sales were ¥60,571 million, up 4.2% year on year, reflecting the effect of the Melus Plan price revision in Japan, an increase in the number of Melus Plan members using daily disposable contact lenses, and higher domestic retail sales volumes.」
The effect of the price revision emerged as a factor behind the increase in revenue for the interim period, in response to the risk that price increases cannot be passed through under the fixed-price Mels Plan subscription service. - FY2024MitigatedAnnual report
「For Mels Plan, the company conducted campaigns during each peak-demand period, as well as referral campaigns to encourage new memberships through introductions by members. At the same time, it undertook initiatives to improve profitability by revising Mels Plan's monthly fees, while」
To address the risk that price increases cannot be passed through when prices and costs rise under the fixed-price Mels Plan subscription service, the company undertook initiatives to improve profitability by revising the monthly fees. - FY2024-Q1MaterialisedAnnual report
「Operating income was ¥2,617 million, down 23.6% year on year, due to higher cost of sales resulting from soaring energy prices, particularly electricity costs, and increased investment expenses for preparations to commence operations at a new plant, the strengthening of new-product development and the enhancement of the sales structure.」
The rise in cost of sales caused by soaring energy prices actually reduced operating profit, and the risk of rising costs related to fixed-price services and other offerings emerged in earnings. - FY2023RestatedAnnual report
「Because Mels Plan is a fixed-price subscription service, the company recognizes that the risk may materialize at any time, as it is difficult to promptly pass price increases through to monthly membership fees.」
The company continues to address the risk that price increases cannot be passed through when prices and costs rise under the fixed-price Mels Plan subscription service, based on economic trends and market research. - FY2023-Q2WorsenedAnnual report
「In Japan's domestic economy, the depreciation of the yen has also progressed, and inflation has become evident, including through soaring prices for imported raw materials, raising concern about the impact on personal consumption trends.」
The impact of yen depreciation and soaring imported raw-material prices on consumption trends was described in greater detail in connection with rising raw-material prices, for which price pass-through may be difficult under the fixed-price Mels Plan subscription service. - FY2023-Q1WorsenedAnnual report
「The outlook remains uncertain because of heightened international tensions and the resulting supply-chain disruption and surge in resource prices. In Japan's domestic economy, the depreciation of the yen has also progressed, raising concern about the impact of changes in consumer sentiment accompanying inflation.」
Supply-chain disruption related to raw-material and logistics costs, for which price pass-through is difficult under the fixed-price Mels Plan subscription service, along with soaring resource prices, yen depreciation and inflation, emerged as specific destabilizing factors in the business environment. - FY2022WorsenedAnnual report
「Consumer behavior and corporate activity are expected to remain affected by the status of the COVID-19 pandemic, heightened geopolitical risks and the resulting surge in raw-material and energy prices, as well as the depreciation of the yen, with conditions expected to remain uncertain.」
In addition to soaring logistics and raw-material costs, rising energy prices and the depreciation of the yen have emerged as specific external conditions affecting the cost burden of the fixed-price Mels Plan subscription service. - FY2022-Q3RestatedAnnual report
「The pace of recovery is considered to have slowed, partly because factors restraining the economic recovery included the global spread of the Omicron variant and soaring logistics and raw-material costs.」
Soaring logistics and raw-material costs related to the fixed-price Mels Plan subscription service have continued, reaffirming the external conditions associated with the risk that price increases cannot be passed through when prices and costs rise. - FY2022-Q2WorsenedAnnual report
「The business environment remains unstable, amid soaring global logistics and raw-material costs and volatility in financial markets, which is expected to reflect rising US long-term interest rates.」
Soaring logistics and raw-material costs, which could affect the cost burden of the fixed-price Mels Plan subscription service and other services, were specifically identified as part of the business environment. - FY2021RestatedAnnual report
「Because Mels Plan is a fixed-price subscription service, the company recognizes that the risk may materialize at any time, as it is difficult to promptly pass price increases through to monthly membership fees.」
The company continues to recognize as a risk the difficulty of passing through sharp increases in prices and costs under the fixed-price Mels Plan subscription service. - FY2019RestatedAnnual report
「However, if rapid inflation occurs in the future, it would be difficult to pass on higher costs promptly because the monthly fees received from Mels Plan members are predetermined at fixed amounts. As a result, the Group may be unable to absorb increases in procurement costs and other expenses resulting from rapid inflation, which could affect its business operations, financial position, and operating results.」
The company continues to disclose the risk that price increases cannot be readily passed through under the fixed-price Mels Plan subscription service, while input costs are burdened by inflation. - FY2017First statedAnnual report
「However, if rapid inflation occurs in the future, it would be difficult to pass on higher costs promptly because the monthly fees received from Mels Plan members are predetermined at fixed amounts. As a result, the Group may be unable to absorb increases in procurement costs and other expenses resulting from rapid inflation, which could affect its business operations, financial position, and operating results.」
For the Mels Plan, under which monthly fees are fixed, the potential inability to pass on increases in procurement costs during periods of rapid inflation has been identified as a new risk.