Higher Labor Costs and Recruitment Challenges amid Tight Labor Demand
First written in FY2017-Q3. 3 of 9 entries say "Restated". Latest entry: FY2024-Q3.
UOGroup moved to the "Worse" side of this theme in 2017, 3 years before the typical company in this theme (2020).
The whole theme swung hardest in 2025: 36 of 59 companies on the "Worse" side.
25 other companies' latest entry also says "Worsened".
- FY2024-Q3WorsenedAnnual report
「Wage increases due to labor shortages」
The company explicitly identifies labor shortages as a cost factor leading to higher wages in its explanation of the economic environment for the quarter. - FY2020ReframedAnnual report
「The company remained in a difficult environment, due to continued declines in catches caused by depletion of marine resources and abnormal weather, higher procurement prices resulting from increased global demand, and rising labor costs amid intensifying competition to secure personnel.」
The wording has been restructured from the previous reference to serious labor shortages and recruitment difficulties to focus on intensifying competition to secure personnel and rising labor costs. - FY2020-Q3RestatedAnnual report
「In addition, rising labor costs and logistics expenses have become major challenges, and the operating environment remains difficult.」
The company continues to recognize that rising logistics expenses in addition to rising labor costs are challenges. - FY2020-Q2RestatedAnnual report
「In addition, rising labor costs and logistics expenses have become major challenges, and the operating environment remains difficult.」
The company continues to recognize, as it did in the previous quarter, that rising logistics expenses in addition to rising labor costs are challenges. - FY2020-Q1ReframedAnnual report
「In addition, rising labor costs and logistics expenses have become major challenges」
The discussion has expanded from tight labor demand and securing personnel to cost challenges including rising labor and logistics expenses. - FY2019RestatedAnnual report
「In addition, serious labor shortages caused by rising material prices and labor costs and difficulty recruiting due to demographic changes continue.」
The company continues to recognize that rising material prices and labor costs, difficulty recruiting due to demographic changes, and serious labor shortages persist. - FY2019-Q3WorsenedAnnual report
「In addition, serious labor shortages caused by rising material prices and labor costs and difficulty recruiting due to demographic changes continue.」
The wording has been strengthened from the previous reference to tight labor demand and difficulty securing personnel to state that serious labor shortages driven by demographic changes continue, alongside rising labor costs and recruitment difficulties. - FY2017MaterialisedAnnual report
「Selling, general and administrative expenses increased due to factors including higher per-person labor costs for temporary employees resulting from tight labor-market conditions」
The previously identified tight labor market and rising labor costs have materialized and are cited as factors driving the increase in selling, general and administrative expenses. - FY2017-Q3First statedAnnual report
「In addition, rising labor costs due to tight labor demand and securing personnel have become major management challenges.」
For the first time, the company explicitly identifies rising labor costs resulting from tight labor demand and the securing of personnel as management challenges in addition to the procurement environment and consumer spending trends.