Rising personnel and labor costs due to labor shortages
First written in FY2018-Q3. 4 of 7 entries say "Worsened", first in FY2020-Q2. Latest entry: FY2026-H1.
Sanyo Homes moved to the "Worse" side of this theme in 2019, 3 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 21 of 32 companies on the "Worse" side.
23 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「The housing industry also faces an uncertain outlook due to persistently high material prices and tight labor supply and demand, among other factors.」
Tight labor supply and demand has been reconfirmed, alongside persistently high material prices, as a source of uncertainty for the housing industry. - FY2024-Q1RestatedAnnual report
「Rising raw material and logistics costs due to higher resource and energy prices, personnel costs and other factors have continued,」
Higher personnel costs and other factors continue to be identified as drivers of higher raw material and logistics costs. - FY2023WorsenedAnnual report
「However, if the Group is unable to secure sufficient personnel due to a further decline in the working-age population or labor shortages in the construction industry, or if the outflow of personnel becomes more serious, this may affect the Group's operating results and financial position.」
Personnel shortages were explicitly identified as a standalone risk item, with a declining working-age population, difficulty securing personnel and personnel outflows described as channels of impact. - FY2021WorsenedAnnual report
「When major components used in housing, such as steel and timber, rise sharply in price, purchase prices for raw materials and other supplies increase. In addition, rising labor costs resulting from the declining working-age population and other factors may affect the operating results and financial position of our group.」
Higher labor costs due to labor shortages and a declining working-age population have been explicitly identified as a formal risk item alongside rising raw material and construction material prices. - FY2020-Q3WorsenedAnnual report
「Although government support measures for home purchases continued to provide a catalyst for improvement, demand for housing construction for both owner-occupied and rental homes remained uncertain due to persistently high construction costs ahead of the Tokyo Olympics and Paralympics and concerns about excess rental housing supply.」
In addition to persistently high construction costs, concerns over excess rental housing supply have been identified as a source of uncertainty for housing construction demand. - FY2020-Q2WorsenedAnnual report
「However, amid the economic conditions, demand for home construction, for both owner-occupied and rental housing, remains uncertain due to the shortage of skilled workers, rising construction costs and other factors.」
In addition to the existing concern over higher personnel and labor costs due to labor shortages, shortages of skilled workers have been explicitly identified as a source of uncertainty for housing construction demand. - FY2018-Q3First statedAnnual report
「However, some concerns, including increases in personnel and labor costs due to labor shortages and rising geopolitical risks, continued to emerge regarding the outlook.」
The company has for the first time separately identified higher personnel and labor costs resulting from labor shortages as a concern for the outlook.