Reduced Salon Capacity and Missed Reservations Due to Employee Attrition
First written in FY2020-Q1. 4 of 10 entries say "Worsened", first in FY2020-Q3. Latest entry: FY2025-H1.
Quantum Solutions moved to the "Worse" side of this theme in 2021, 2 years after the typical company in this theme (2019).
The whole theme swung hardest in 2020: 2 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「In the eyelash care business, the company may be unable to secure eyelash technicians even when performance is strong, because salon technicians are required to hold cosmetology licenses and the working-age population is declining while labor mobility is increasing.」
The risk of difficulty securing salon staff due to cosmetology license requirements, a declining working-age population and increasing labor mobility has been reconfirmed. - FY2024-Q3RestatedAnnual report
「In the eyelash care business, the company may be unable to secure eyelash technicians even when performance is strong, because salon technicians are required to hold cosmetology licenses and the working-age population is declining while labor mobility is increasing.」
The risk of difficulty securing salon staff due to cosmetology license requirements, a declining working-age population and increasing labor mobility has been reconfirmed. - FY2024-Q2ReframedAnnual report
「In the eyelash care business, the company may be unable to secure eyelash technicians even when performance is strong, because salon technicians are required to hold cosmetology licenses and the working-age population is declining while labor mobility is increasing.」
The explanation of the risk has expanded from the previous issue of reduced operating capacity due to employee departures to the structural difficulty of securing staff arising from cosmetology license requirements, a declining working-age population and increasing labor mobility. - FY2024-Q1WorsenedAnnual report
「However, as the number of operating staff has declined, the company will strengthen recruitment activities and establish an operating structure at its salon stores.」
The decline in salon operating staff was explicitly identified again this quarter, with the disclosure describing a need to strengthen recruitment and establish store operating structures. - FY2023WorsenedAnnual report
「The number of employees declined from the end of the previous fiscal year, mainly due to natural attrition from resignations in the eyelash care business and store closures.」
The consolidated number of employees declined to 42, mainly due to natural attrition from resignations in the eyelash care business and store closures. Risks related to securing salon personnel and operating capacity continue. - FY2021WorsenedAnnual report
「The number of employees had declined by 8 from the end of the previous consolidated fiscal year, primarily due to voluntary resignations.」
The number of employees declined by 8 from the end of the previous fiscal year, with voluntary resignations identified as the main cause. The risk of reduced salon operating capacity due to employee departures has been confirmed in the personnel data. - FY2020MitigatedAnnual report
「The utilization rate, which had initially fallen due to employee departures and other factors, improved after training for newly hired employees was completed, but had not returned to its pre-decline level.」
The disclosure states that salon utilization improved after training for newly hired employees was completed, addressing the decline caused by employee departures. However, it had not returned to its previous level, and the number of visitors also declined due to COVID-19. - FY2020-Q3WorsenedAnnual report
「In this business, employee departures reduced the operating capacity of salon locations, while lower sales of products also resulted in lower net sales than in the same period of the previous year.」
The decline in salon operating capacity caused by employee departures continued, and the additional decline in merchandise sales contributed to a 19.7% year-on-year decrease in revenue. - FY2020-Q2RestatedAnnual report
「In this business, employee departures reduced the operating capacity of salon locations, while lower sales of products also resulted in lower net sales than in the same period of the previous year.」
The decline in salon operating capacity caused by employee departures has continued and has been reconfirmed, together with lower merchandise sales, as a factor behind the decline in revenue. - FY2020-Q1First statedAnnual report
「Employee departures reduced the operating capacity of the salon stores, and missed reservations during the extended holiday period resulted in lower revenue compared with the same period of the previous year.」
The disclosure states that employee departures actually reduced salon operating capacity and resulted in missed reservations during the extended holiday period, leading to lower revenue year on year.