Technological change in IT, higher training and recruiting costs, and intensifying unit-price competition
First written in FY2016. 9 of 16 entries say "Restated". Latest entry: FY2024-Q1.
GiG Works moved to the "Worse" side of this theme in 2024, 1 year after the typical company in this theme (2023).
1 other company's latest entry also says "Restated".
- FY2024-Q1RestatedAnnual report
「To address the current shortage of engineers, we will enhance consulting services for small and medium-sized enterprises, train our own consultants, expand the service lineup for existing customers, and pursue an expanded scale of orders.」
The company continues to recognize the shortage of engineers as an issue it currently faces and describes consulting services, in-house talent development, and service expansion as responses. - FY2023WorsenedAnnual report
「However, the barriers to recruiting IT engineers are rising each year, and if the Group is unable to secure the personnel required for projects, its performance may be affected.」
In addition to the existing shortage of IT engineers and rising recruitment costs and hiring difficulty, the company specifies that recruitment barriers are increasing each year and that performance may be affected if it cannot secure the required personnel. - FY2021-Q3MitigatedAnnual report
「Orders for contract development projects bottomed out after being affected by the spread of infectious disease and remain on a recovery trend. The number of non-operational engineers due to project postponements is gradually declining, and personnel are being flexibly reallocated to the development of the company's own new products in anticipation of future order growth.」
Regarding the decline in orders for contract development projects caused by the impact of infectious disease and restrained investment, the company explains that projects have bottomed out and entered a recovery trend, while the number of non-operational engineers has also declined. - FY2020MaterialisedAnnual report
「Meanwhile, orders for some contract development projects declined amid restrained investment during the COVID-19 pandemic, and performance remained at approximately the level of previous years.」
The decline in orders for contract development projects due to restrained investment has been described as an actual business condition rather than a potential risk. - FY2020-Q2RestatedAnnual report
「The shortage of engineers in Japan shows no signs of being resolved. The company recognizes that securing highly capable engineers is an important issue for expanding its business.」
The company continues to recognize the domestic shortage of engineers and the importance of recruiting and securing them as key issues. - FY2020-Q1MaterialisedAnnual report
「In addition, demand for help desks supporting IT peripherals and multiple languages remained resilient, and projects for mail-order operators expanded. However, training costs associated with launching new services were incurred ahead of revenue, temporarily weighing on profitability.」
Regarding the risk previously described as a potential impact on performance from higher education and development costs, the company explains that development costs associated with launching new services actually temporarily pressured earnings. - FY2019RestatedAnnual report
「However, technology in the IT industry, including smart devices, is changing rapidly. Higher education and training costs for agents, increased recruitment costs and intensified competition, including price competition in the market, may affect the Group's results.」
The company continues to identify changes in IT technology, increases in education and training expenses and recruitment costs, and unit-price competition as factors that may affect performance. - FY2019-Q1RestatedAnnual report
「The IT engineering sector continues to face a chronic shortage of engineers, and the cost and difficulty of recruiting IT engineers have increased. However, the order environment remains solid,」
The company continues to describe rising recruitment costs and hiring difficulty against a backdrop of the shortage of IT engineers. - FY2018RestatedAnnual report
「Technology is changing rapidly in the IT industry, particularly with the spread of smart devices. Increases in education and training expenses for agents and new recruitment costs, as well as intensifying competition in the market, including unit-price competition, may affect the Group's performance.」
The company continues to identify changes in IT technology, increases in education and training expenses and recruitment costs, and unit-price competition as factors that may affect performance. - FY2018-Q3RestatedAnnual report
「The IT engineering sector continues to face a chronic shortage of engineers, and the cost and difficulty of recruiting IT engineers have increased. However, orders remain solid, and the company will continue to pursue business expansion by focusing on securing highly capable personnel.」
The company continues to describe rising recruitment costs and hiring difficulty against a backdrop of the shortage of IT engineers. - FY2018-Q2RestatedAnnual report
「In operation support services, including call center operations, which primarily provide help desk services related to IT peripherals and internet connections, demand for help desks supporting IT peripherals and multiple languages remained solid. Although the burden of higher recruitment costs and labor expenses increased, both revenue and earnings grew steadily.」
The company continues to describe the impact of higher costs resulting from rising recruitment costs and personnel expenses. - FY2018-Q1RestatedAnnual report
「The IT engineering sector continues to face a chronic shortage of engineers, and the cost and difficulty of recruiting IT engineers have increased. However, orders remain solid, and the company will continue to pursue business expansion.」
The company continues to describe rising recruitment costs and hiring difficulty against a backdrop of the shortage of IT engineers. - FY2017WorsenedAnnual report
「The IT engineering sector continues to face a chronic shortage of engineers. Although the business environment and performance remain solid, the cost and difficulty of recruiting IT engineers have increased.」
In addition to the previously identified risk of higher recruitment costs, the company states that recruitment costs and hiring difficulty have increased against a backdrop of the shortage of IT engineers. - FY2017-Q3RestatedAnnual report
「In operational support services, mainly help desks related to IT peripherals and internet connectivity, including call center operations, the earnings environment remains challenging partly because of higher recruitment costs and personnel expenses, although」
The company continues to describe the impact of rising recruitment costs and personnel expenses on the earnings environment. - FY2017-Q2MaterialisedAnnual report
「In operational support services, mainly help desks related to IT peripherals and internet connectivity, including call center operations, the earnings environment remains challenging partly because of higher recruitment costs and personnel expenses, although」
Previously, the company described rising recruitment costs as a potential performance risk, but this time explains that higher recruitment costs and personnel expenses are actually affecting the earnings environment. - FY2016First statedAnnual report
「However, technology in the IT industry, including smart devices, is changing rapidly. Higher education and training costs for agents, increased recruitment costs and intensified competition, including price competition in the market, may affect the Group's results.」
Identifies technological change, higher education, training and recruitment costs, and price competition as factors that may affect results.