Deterioration in the Food Industry’s Business Environment Due to Labor Shortages
First written in FY2018-Q2. 4 of 9 entries say "Restated". Latest entry: FY2023-Q3.
S.Ishimitsu& moved to the "Worse" side of this theme in 2018, 2 years before the typical company in this theme (2020).
The whole theme swung hardest in 2022: 8 of 9 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「In the food industry, the main market for our Group, food service sales have been recovering in the absence of restrictions on activities. However, nighttime customer traffic remains weak due to changes in lifestyles during the COVID-19 pandemic, while the challenging operating environment continues due to higher energy and raw material prices, rising labor costs and other factors.」
Labor cost pressure, including rising labor costs, continues to be described as contributing to the food industry's challenging environment together with soaring energy and raw material prices. - FY2020-Q3WorsenedAnnual report
「The food industry, the group's main market, continues to face a challenging operating environment as consumers remain focused on saving, compounded by soaring raw material prices, persistent difficulty in hiring and rising labor costs.」
Labor shortages are reflected in continued difficulty hiring and, together with rising labor costs and raw material prices, are creating cost pressure in the food industry. - FY2020-Q2WorsenedAnnual report
「The challenging operating environment continues, with menu offerings being reduced due to rising logistics costs and the impact of labor shortages, among other factors.」
Labor shortages, together with rising logistics costs, are described as having led to the food industry's response of reducing the number of menu items, making the impact on the operating environment more tangible. - FY2020-Q1RestatedAnnual report
「Although the food industry, the group's main market, has seen growth in the prepared-food and other convenience-meal markets and higher average spending per customer in the foodservice industry, it continues to face a challenging operating environment due to ongoing labor shortages and rising logistics costs.」
Labor shortages are identified as a continuing factor behind the deterioration of conditions in the food industry, with rising logistics costs also cited. - FY2019RestatedAnnual report
「The food industry, our Group's core market, faced challenging conditions due to natural disasters since last summer, continued labor shortages and rising logistics costs, among other factors.」
Labor shortages continue to be described as an operating-environment issue, together with rising logistics costs, explaining the challenging conditions in the food industry. - FY2019-Q2WorsenedAnnual report
「The operating environment in the food industry, our group’s main market, remains challenging due to persistent labor shortages, rising labor costs and natural disasters, among other factors.」
Labor shortages have become entrenched and are reflected in the food industry's challenging environment through higher labor costs. - FY2019-Q1WorsenedAnnual report
「The foodservice industry continues to face a challenging operating environment due to higher raw material costs and rising labor costs caused by labor shortages.」
Labor shortages are described as having emerged as tangible cost pressure through higher labor costs. - FY2018-Q3RestatedAnnual report
「Meanwhile, the food industry, the group's main market, has shown signs of recovery as consumption recovers, but the situation remains uncertain due in part to rising fresh food prices and labor shortages.」
Labor shortages continue to be identified as a factor making the operating environment for the food industry uncertain. - FY2018-Q2First statedAnnual report
「The situation remains unpredictable, partly due to the impact of labor shortages.」
The company explicitly identifies the impact of labor shortages for the first time as a factor contributing to deterioration in the food industry's operating environment.