Increase in labor costs associated with minimum wage increases
First written in FY2017-Q2. 22 of 30 entries say "Restated". Latest entry: FY2026.
Axyz moved to the "Worse" side of this theme in 2019, 5 years before the typical company in this theme (2024).
The whole theme swung hardest in 2023: 7 of 11 companies on the "Worse" side.
8 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Increases in other manufacturing costs, including labor costs, have continued.」
The assessment that increases in manufacturing costs, including labor costs, have continued has been reconfirmed. - FY2026-H1RestatedAnnual report
「Other manufacturing costs, including labor costs, continue to rise, and difficult conditions are expected to persist.」
Increases in manufacturing costs, including labor costs, have continued, and the assessment that difficult conditions are expected to persist has been reconfirmed. - FY2025-H1RestatedAnnual report
「In the poultry industry, in addition to feed ingredient prices, a major manufacturing cost, remaining elevated, increases in other manufacturing costs, including labor costs, have continued, and difficult conditions are expected to persist.」
Increases in manufacturing costs, including labor costs, have continued alongside feed ingredient prices remaining elevated. - FY2024-Q3RestatedAnnual report
「In the poultry industry, feed ingredient prices, a major manufacturing cost, have remained elevated, while increases in other manufacturing costs, including labor costs, have continued.」
Increases in manufacturing costs, including labor costs, have continued alongside feed ingredient prices remaining elevated. - FY2024-Q2RestatedAnnual report
「In the poultry industry, feed ingredient prices, a major manufacturing cost, have remained elevated, while increases in other manufacturing costs, including labor costs, have continued.」
Increases in manufacturing costs, including labor costs, have continued alongside feed ingredient prices remaining elevated. - FY2024-Q1RestatedAnnual report
「In the poultry industry, feed ingredient prices, a major manufacturing cost, have risen sharply, while increases in other manufacturing costs, including labor costs, have continued.」
Increases in manufacturing costs, including labor costs, have continued alongside the sharp rise in feed ingredient prices. - FY2023-Q3RestatedAnnual report
「In the poultry industry, in addition to the substantial rise in feed ingredient prices, a major manufacturing cost, increases in other manufacturing costs, including labor costs, have continued, and difficult conditions are expected to persist.」
Increases in manufacturing costs, including labor costs, have continued alongside the substantial rise in feed ingredient prices. - FY2023-Q2RestatedAnnual report
「In the poultry industry, in addition to a substantial surge in feed ingredient prices, a major manufacturing cost, other manufacturing costs including labor costs continue to rise.」
Increases in manufacturing costs, including labor costs, have continued alongside the substantial rise in feed ingredient prices. - FY2023-Q1RestatedAnnual report
「In the poultry industry, in addition to a substantial surge in feed ingredient prices, a major manufacturing cost, other manufacturing costs including labor costs continue to rise.」
Increases in manufacturing costs, including labor costs, have continued alongside the substantial rise in feed ingredient prices. - FY2022-Q3RestatedAnnual report
「In the poultry industry, in addition to a substantial surge in feed ingredient prices, a major manufacturing cost, other manufacturing costs including labor costs continue to rise.」
Increases in manufacturing costs, including labor costs, have continued alongside the substantial rise in feed ingredient prices. - FY2022-Q2RestatedAnnual report
「In the poultry industry, in addition to a substantial surge in feed ingredient prices, a major manufacturing cost, other manufacturing costs including labor costs continue to rise.」
Increases in manufacturing costs, including labor costs, have continued alongside the substantial rise in feed ingredient prices. - FY2022-Q1RestatedAnnual report
「In the poultry industry, in addition to a substantial surge in feed ingredient prices, a major manufacturing cost, other manufacturing costs including labor costs continue to rise.」
Increases in manufacturing costs, including labor costs, have continued alongside the substantial rise in feed ingredient prices. - FY2021RestatedAnnual report
「In addition to the substantial rise in feed ingredient prices, a major manufacturing cost, increases in other manufacturing costs, including labor costs, have continued.」
The assessment that increases in manufacturing costs, including labor costs, have continued alongside the sharp rise in feed ingredient prices has been reconfirmed. - FY2021-Q3RestatedAnnual report
「However, in addition to soaring feed ingredient prices, a major manufacturing cost, other manufacturing costs including labor costs continue to rise, and difficult conditions are expected to continue.」
Increases in manufacturing costs, including labor costs, have continued, and the assessment that difficult conditions are expected to persist has been reconfirmed. - FY2021-Q2RestatedAnnual report
「Manufacturing costs, including labor costs, have continued to rise sharply, and difficult conditions are expected to persist.」
The sharp rise in manufacturing costs, including labor costs, has continued, and the assessment that difficult conditions are expected to persist has been reconfirmed. - FY2021-Q1RestatedAnnual report
「However, measures to address infectious diseases and the resulting changes in consumer behavior, as well as sharp increases in manufacturing costs, including labor costs, have continued, and difficult conditions are expected to persist.」
The sharp rise in manufacturing costs, including labor costs, has continued, and the assessment that difficult conditions are expected to persist has been reconfirmed. - FY2020-Q3RestatedAnnual report
「In addition, difficult conditions are expected to continue due to the impact of persistently high feed ingredient prices, a major manufacturing cost, and soaring labor costs and other factors.」
Labor cost inflation continues to be cited as a factor affecting major manufacturing costs, and the outlook for difficult conditions to continue has been reconfirmed. - FY2020-Q2WorsenedAnnual report
「In addition, difficult conditions are expected to continue due to the impact of persistently high feed ingredient prices, a major manufacturing cost, and soaring labor costs and other factors.」
The description of labor costs has changed from “rising” to “rising sharply,” and the impact on manufacturing costs and the outlook for difficult conditions to continue are indicated. - FY2020-Q1WorsenedAnnual report
「In addition, difficult conditions are expected to continue due to the impact of persistently high feed ingredient prices, a major manufacturing cost, and soaring labor costs and other factors.」
In addition to the previous references to rising and sharply rising labor costs, the impact on manufacturing costs and the outlook for difficult conditions to continue are indicated. - FY2019ReframedAnnual report
「In addition, prices of fuel and raw materials, including feed ingredients, a major manufacturing cost, and labor costs continued to rise sharply, resulting in persistently difficult operating conditions.」
The explanation has expanded from the previous focus on minimum wage increases to cite broad-based labor cost inflation, together with fuel and raw material prices, as a factor behind higher costs in the food business. - FY2019-Q3DroppedAnnual report
「Prices of feed ingredients, a major manufacturing cost, have also risen sharply. In addition, the cost ratio increased due to initial investment costs and other expenses incurred as a result of partially bringing logistics operations in-house in the poultry breeding and processing divisions, primarily to improve efficiency.」
There is no separate mention of higher labor costs, which had been cited through the previous quarter. This time, the food business discussion cites feed ingredient prices and initial investment costs associated with bringing logistics operations in-house. - FY2019-Q2ReframedAnnual report
「In the food service business, sales were strong due to the success of campaign products and the Christmas season, but revenue was ¥1,422 million, up 1.7% year on year, and segment profit was ¥177 million, down 2.8%, due to expenses for refurbishing certain stores, higher labor costs and other factors.」
Higher labor costs are cited this time as a factor behind lower profits in the food service business, rather than as a production cost factor in poultry production in the previous quarter. There is no direct mention of the minimum wage. - FY2019-Q1RestatedAnnual report
「In addition, to address higher production costs caused by soaring feed ingredient prices, a major manufacturing cost, and rising labor costs and other expenses,」
Higher labor costs continue to be cited as a factor behind increased production costs in poultry production. - FY2018RestatedAnnual report
「In the chicken processing division, partly because some production yields declined, the company was unable to offset falling unit prices for chicken products and higher manufacturing costs, including labor costs,」
Higher labor costs continue to be cited as a factor behind increased manufacturing costs in poultry production. - FY2018-Q3RestatedAnnual report
「To address higher production costs resulting from soaring feed prices, a major production cost, and rising labor costs and other expenses, further efficiency improvements and labor-saving measures are required in chicken production.」
Higher labor costs and other expenses continue to be cited as factors behind increased production costs in poultry production. - FY2018-Q1ReframedAnnual report
「To address higher production costs resulting from elevated prices for feed grains, a major manufacturing cost, and rising labor costs, poultry production requires further efficiency improvements and labor saving.」
The explanation has changed from the previous focus on higher labor costs in the food service division due to the minimum wage increase to higher labor costs and increased production costs in poultry production. - FY2017-Q3DroppedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The increase in labor costs due to the minimum wage increase is not separately mentioned in the current-quarter performance discussion for the food service business. - FY2017-Q2First statedAnnual report
「Due to increases in labor costs resulting from the minimum wage increase and higher costs associated with extending the campaign period,」
The increase in labor costs due to the minimum wage increase is cited as an actual factor behind lower profits in the food service business.