Higher Labor Costs Due to Social Insurance Premiums and Labor-Law Revisions
First written in FY2017. 4 of 7 entries say "Worsened", first in FY2018-Q1. Latest entry: FY2022.
Aeon Kyushu moved to the "Worse" side of this theme in 2017, 6 years before the typical company in this theme (2023).
The whole theme swung hardest in 2025: 8 of 15 companies on the "Worse" side.
2 other companies' latest entry also says "Dropped".
- FY2022DroppedAnnual reportThis filing does not identify increases in labor costs due to social insurance premiums, minimum wages or amendments to labor laws as a standalone risk.
- FY2020WorsenedAnnual report
「Employee-related costs may increase for various reasons, including increases in Employees' Pension Insurance premium rates, employment insurance rates and health insurance association premium rates, higher minimum wages and future amendments to labor laws.」
In addition to existing social insurance premium rates and amendments to labor laws, the company explicitly identifies higher minimum wages as a factor driving labor costs higher. - FY2019WorsenedAnnual report
「However, the environment surrounding the company remains challenging, owing to intensifying price competition across industries and business formats and chronic labor shortages.」
The company explicitly identifies chronic labor shortages, alongside intensifying price competition, as a continuing burden on the business environment. - FY2018RestatedAnnual report
「Employee-related costs may increase for various reasons, including increases in Employees' Pension Insurance premium rates, employment insurance rates and health insurance association premium rates, as well as future amendments to labor laws.」
The company continues to identify increases in social insurance premium rates, amendments to labor laws and higher costs for part-time employees as labor cost risks. - FY2018-Q3WorsenedAnnual report
「The environment surrounding the retail industry remains challenging, including higher social insurance premiums and recruitment costs.」
In addition to the previously noted increases in social insurance premium rates, the company explicitly identifies higher recruitment costs, with factors increasing the burden of labor costs and securing personnel continuing. - FY2018-Q1WorsenedAnnual report
「Difficulty securing store operations personnel and rising labor costs」
In addition to existing social insurance premium rates and amendments to labor laws, the company explicitly identifies difficulty securing store operations personnel and rising labor costs as business environment risks related to labor costs and human resources. - FY2017First statedAnnual report
「Employee-related costs may increase for various reasons, including increases in Employees' Pension Insurance premium rates, employment insurance rates and health insurance association premium rates, as well as future amendments to labor laws.」
It identifies increases in social insurance premium rates, amendments to labor laws and higher costs for part-time employees as risks to selling, general and administrative expenses.