Cost pressures from labor shortages and rising labor costs
First written in FY2018-Q1. 9 of 20 entries say "Restated". Latest entry: FY2026.
Takizawa Ham moved to the "Worse" side of this theme in 2023, 3 years after the typical company in this theme (2020).
The whole theme swung hardest in 2025: 36 of 60 companies on the "Worse" side.
37 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The company was unable to fully absorb cost increases, including persistently high raw material prices, particularly for imported beef, higher energy costs and increased labor costs. Although operating and ordinary losses improved, they remained at challenging levels.」
The company states that cost increases, including higher labor costs, continue to weigh on earnings. Meanwhile, selling, general and administrative expenses decreased by ¥265 million from the previous fiscal year. - FY2026-H1MitigatedAnnual report
「Salaries and allowances 471,188 452,025」
Salaries and allowances for the interim period decreased from ¥471.188 million in the same period of the previous year to ¥452.025 million. In terms of actual labor costs, the pressure eased year on year, although a slowdown in the recovery of personal consumption due to delayed wage increases was reported separately. - FY2025Full-year increase in salaries and allowancesAnnual report
「Salaries and allowances 922,166 923,812」
Salaries and allowances increased from ¥922.166 million in the previous fiscal year to ¥923.812 million. Cost pressure from labor shortages and wage increases continues. - FY2025-H1Increase in salaries and allowancesAnnual report
「Salaries and allowances 465,952 471,188」
Salaries and allowances for the interim period increased from ¥465.952 million in the same period of the previous year to ¥471.188 million. No new description concerning labor shortages was provided, but an increase in labor costs was confirmed. - FY2024WorsenedAnnual report
「In this industry as well, personal consumption has remained weak amid persistently high raw material and energy prices, rising logistics costs, labor shortages and continuing price increases.」
Labor shortages continue to be cited alongside rising logistics costs and other factors contributing to the challenging business environment, while salaries and allowances increased from ¥875.641 million in the previous year to ¥922.166 million. - FY2024-Q3RestatedAnnual report
「The business environment remains challenging, with raw material and energy prices staying high, higher logistics costs and labor shortages, and stagnant personal consumption due to continued inflation.」
Labor shortages continue to be cited, alongside raw material and energy prices, logistics costs and rising prices, as a factor contributing to the challenging business environment. - FY2024-Q2WorsenedAnnual report
「The business environment remains challenging, with raw material and energy prices staying high, higher logistics costs and labor shortages, and stagnant personal consumption due to continued inflation.」
Labor shortages continue to be cited as a factor contributing to the challenging business environment. Salaries and allowances, a major labor-cost item, also increased from ¥447.733 million in the same period of the previous year to ¥465.952 million. - FY2023Lower labor costs and higher utility costsAnnual report
「Selling, general and administrative expenses included lower labor costs but higher water, electricity and gas expenses.」
Labor costs decreased, while water, electricity and gas expenses increased. Some of the cost pressure from labor shortages and rising labor costs eased, but pressure from energy-related costs remains evident. - FY2020-Q3RestatedAnnual report
「In this industry, difficult business conditions prevailed amid consumers’ entrenched preference for saving, as well as higher distribution and labor costs, stagnant consumer purchasing motivation due to the consumption tax increase and the impact of a succession of natural disasters.」
Rising labor costs continue alongside higher logistics costs and the effects of the consumption tax increase, creating a challenging business environment in terms of costs. - FY2020-Q2RestatedAnnual report
「In this industry, difficult business conditions prevailed amid consumers’ entrenched preference for saving, as well as higher labor and distribution costs, consumer sentiment ahead of the consumption tax increase and the impact of natural disasters.」
Rising labor costs attributable to labor shortages continue alongside rising logistics costs, creating a challenging business environment in terms of costs. - FY2020-Q1RestatedAnnual report
「The business environment remained challenging as labor shortages continued to drive higher labor and logistics costs, further intensifying competition among companies.」
Rising labor costs attributable to labor shortages continue alongside rising logistics costs. This filing does not indicate any new numerical targets or completed measures. - FY2019RestatedAnnual report
「In the industry, consumers' preference for lower prices continued amid concerns about future uncertainty and rising prices, while higher labor costs due to labor shortages and higher logistics costs, among other factors, continued to create a difficult operating environment.」
The company continues to cite rising labor costs attributable to labor shortages alongside rising logistics costs. - FY2019-Q3RestatedAnnual report
「Difficult operating conditions continued, as consumers maintained a strong focus on saving amid concerns about the future, while labor shortages contributed to higher labor costs and logistics expenses.」
Rising labor costs attributable to labor shortages continue alongside the factors driving higher logistics costs. - FY2019-Q1Explicit mention of rising utility costsAnnual report
「In this industry, price competition intensified as the market stagnated due to the declining birthrate and aging population, while higher labor and utility costs resulting from labor shortages also contributed to difficult business conditions.」
In addition to rising labor costs attributable to labor shortages, increases in utility and other costs were identified as factors putting pressure on costs. The direct cause of the decline in earnings was explained as a decrease in sales. - FY2018WorsenedAnnual report
「In terms of earnings, operating expenses increased due to higher labor costs resulting from wage improvements and an increase in headcount, as well as increases in logistics, fuel and other costs. Operating profit was ¥444 million, down 11.4% year on year, ordinary profit was ¥479 million, down 11.6%, and net income attributable to owners of the parent was ¥307 million, down 21.5%, resulting in lower earnings.」
Rising labor costs were identified as a factor behind the decline in earnings. Operating profit fell 11.4%, ordinary profit fell 11.6%, and net income attributable to owners of the parent fell 21.5%. - FY2018-Q3RestatedAnnual report
「In this industry, the business environment remains challenging as raw material prices rise due to the weaker yen and the implementation of safeguards on imported frozen beef, among other factors, while labor and logistics costs also increase against a backdrop of labor shortages.」
Rising labor costs attributable to labor shortages continue alongside rising logistics costs. - FY2018-Q2RestatedAnnual report
「In this industry, the focus on saving continues and the recovery in personal consumption remains sluggish, while higher labor and logistics costs against a backdrop of labor shortages have left the business environment challenging.」
Rising labor costs attributable to labor shortages continue. The second-quarter report states that there were no material changes in business or other risks. - FY2018-Q1First statedAnnual report
「Competition among companies intensified amid rising labor and logistics costs resulting from labor shortages, and the business environment remained challenging.」
Rising labor costs attributable to labor shortages have, for the first time, been identified separately as a factor making the business environment challenging.