Komori
Hiramatsu (2764) · RiskWorsenedLatest Earnings (2026-08-13): "Restated"

Restrictions on Restaurant Operations Due to Labor Shortages and Work-Style Reforms

First written in FY2019-Q2. 8 of 15 entries say "Worsened", first in FY2020-Q2. Latest entry: 2026-08-13.

15entries
9years
1from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseWorsenedFY2019-Q3 – FY2023-Q3WorsenedFY2024-Q2 – FY2025-H12018: 12019: 420192020: 120202021: 020212022: 120222023: 320232024: 220242025: 120252026: 22026
Same theme, other companies
Operational Risk from Foodservice Labor Shortages and Work-Style ReformsA theme 14 companies write about · 14 as a headwind · 0 as a tailwind

Hiramatsu moved to the "Worse" side of this theme in 2019, 3 years before the typical company in this theme (2022).

The whole theme swung hardest in 2022: 5 of 10 companies on the "Worse" side.

8 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. 2026-08-13RestatedEarnings

    「Meanwhile, the business environment remains uncertain, with energy and food prices staying elevated and labor costs continuing to rise.」

    The uncertainty surrounding the business environment, including rising labor costs, continued to be cited.
  2. FY2026WorsenedAnnual report

    「Employee attrition and difficulty in recruiting, loss of know-how, and declining engagement」

    In addition to the industry's persistent labor shortage and rising recruitment costs, employee attrition, difficulty in securing personnel, loss of know-how and declining engagement were explicitly identified as human capital risks.
  3. FY2026-H1RestatedAnnual report

    「The food service industry as a whole continued to face a challenging operating environment due to the impact of record-high temperatures, rising prices and labor shortages.」

    The labor shortage across the food service industry continued to be cited, alongside rising prices and extreme heat, as a factor contributing to the challenging operating environment. The effects of optimizing labor expenses and controlling costs were also indicated.
  4. FY2025-H1WorsenedAnnual report

    「Meanwhile, the outlook remains uncertain due to the impact on consumption of the prolonged extreme heat, the release of the Nankai Trough Earthquake Extra Information and the successive typhoons, torrential rains and other disasters over the weekends, as well as the continued trend toward a weaker yen, worsening labor shortages, global political instability, and surging resource and energy prices.」

    The disclosure stated that the labor shortage was "worsening" and remained an uncertainty factor alongside the weaker yen, surging resource and energy prices, and disasters. It also noted higher labor expenses associated with increasing staff in the hotel business.
  5. FY2024-Q3WorsenedAnnual report

    「Surging raw material prices and energy costs, together with the labor shortage across the industry, caused recruitment costs to substantially exceed expectations. Labor expenses also increased significantly as the company was forced to hire higher-cost temporary staff, putting pressure on profits.」

    The labor shortage across the industry caused recruitment costs to substantially exceed expectations, while higher labor expenses from hiring high-cost temporary staff put pressure on profits.
  6. FY2024-Q2WorsenedAnnual report

    「Meanwhile, under the "staffing" initiative, the labor shortage across the restaurant and hotel industries caused recruitment costs to exceed expectations, while labor expenses for part-time and temporary staff also increased.」

    The labor shortage across the restaurant and hotel industries caused recruitment costs to exceed expectations, while labor expenses for part-time and temporary staff increased.
  7. FY2023RestatedAnnual report

    「The impact of labor shortages during the COVID-19 pandemic caused recruitment costs and labor expenses ahead of the peak season to increase.」

    The labor shortage persisted, and higher recruitment costs and labor expenses ahead of the peak season weighed on profits.
  8. FY2023-Q3WorsenedAnnual report

    「The labor shortage across the restaurant and hotel industries, which became particularly pronounced in the with-COVID/post-COVID environment, has also affected our group. This trend intensified further ahead of the year-end peak season, causing recruitment costs and labor expenses to increase more than anticipated.」

    The labor shortage across the restaurant and hotel industries intensified further during the year-end peak season, causing recruitment costs and labor expenses to increase more than anticipated.
  9. FY2023-Q2WorsenedAnnual report

    「The labor shortage across the restaurant and hotel industries, which became particularly pronounced in the post-COVID/with-COVID environment, has also affected our group, resulting in recruitment costs and labor expenses increasing more than anticipated.」

    The labor shortage across the restaurant and hotel industries also affected the company, causing recruitment costs and labor expenses to increase more than anticipated.
  10. FY2020-Q3WorsenedAnnual report

    「In this business environment, a major challenge for the Company is securing revenue amid chronic labor shortages that damage operating opportunities, as well as fewer operating days due to regular closing days introduced in response to “work-style reform,” a challenge that has continued from the previous fiscal year.」

    The filing stated that labor shortages had become chronic, with ongoing challenges from lost operating opportunities, fewer operating days due to regular closing days, and securing revenue.
  11. FY2020-Q2WorsenedAnnual report

    「In the restaurant business, customer traffic remained weak due to the impact of typhoons, torrential rain, and other events in September, in addition to lost operating opportunities and lower revenue resulting from staff shortages and the introduction of regular closing days in response to the social issue of “work-style reform.”」

    The filing stated that labor shortages resulted not only in higher personnel costs but also in lost operating opportunities and lower revenue.
  12. FY2020-Q1MaterialisedAnnual report

    「Profit was pressured by a decrease in gross profit due to lower revenue and increased non-regular employment to secure personnel and address labor shortages.」

    The first-quarter filing also stated that non-regular employment increased to address labor shortages, putting pressure on profit.
  13. FY2019MaterialisedAnnual report

    「Profit was pressured by surging raw-material costs, capital expenditures associated with advancing the hotel business, and increased non-regular employment to secure personnel and address labor shortages, resulting in lower profit.」

    The full-year filing stated that non-regular employment increased to address labor shortages and that the costs associated with securing personnel pressured profit.
  14. FY2019-Q3MaterialisedAnnual report

    「Profit declined because costs were trending higher due to capital expenditures associated with advancing the hotel business and higher personnel expenses resulting from increased non-regular employment to address labor shortages.」

    The filing stated that non-regular employment increased to address labor shortages, resulting in higher personnel expenses and increased costs.
  15. FY2019-Q2First statedAnnual report

    「Revenue declined because restaurant revenue fell below the same period of the previous year due to the emergence of labor shortages amid changes in the social environment surrounding the food-service and service industries, as well as the introduction of regular closing days in response to the social issue of “work-style reform.”」

    The emergence of labor shortages and the introduction of regular closing days in response to work-style reform were specifically cited as factors behind the decline in restaurant revenue.
Moved together

"Soaring Raw Material Costs" moved the same way as this thread, in the same document, in 5 of its 15 moves.

543★123
  1. ★This thread
  2. 1Soaring Raw Material Costs5×
  3. 2Demand Decline Due to the Kumamoto Earthquake, Yen Appreciation and Other Factors4×
  4. 3Natural disaster risk at stores and the head office location3×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Hiramatsu yet. It last moved in the Earnings of 2026-08-13: "Restated".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Restrictions on Restaurant Operations Due to Labor Shortages and Work-Style Reforms | Hiramatsu Inc. (2764) | Komori