Challenging operating environment in the food industry due to labor shortages
First written in FY2018-Q3. 9 of 13 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2022: 8 of 10 companies on the "Worse" side.
0 other companies' latest entry also says "Other".
- FY2026Increase in labor costs disclosed quantitativelyAnnual report
「Year-on-year increase in average annual salary (%) 3.7%」
In connection with personnel recruitment and labor-cost risks, the company disclosed that the filing company’s average annual salary increased 3.7% from the previous fiscal year. - FY2026-H1Increase in labor costs newly identifiedAnnual report
「Although the food industry has also shown signs of recovery because of increased inbound demand and other factors, the operating environment remains challenging. Repeated price increases resulting from higher raw-material and labour costs and persistently high energy prices, as well as soaring rice prices, have heightened consumers' awareness of saving on food expenses.」
Regarding the challenging environment in the food industry, the company explicitly identified rising labor costs as a cost factor in addition to the previously cited labor shortages. - FY2021RestatedAnnual report
「Securing and developing talented personnel and enabling them to maximize their capabilities are important to the Group's continued growth. However, as Japan's declining population, particularly the decline in the working-age population, makes it more difficult to secure personnel, changes in employment conditions, including increases in the minimum wage, could prevent the Group from securing and developing the necessary personnel as planned, potentially adversely affecting its performance and financial condition.」
Risks related to securing and developing personnel, including population decline, a decline in the working-age population, and increases in the minimum wage, continued to be presented within the same framework as in the previous fiscal year. - FY2020ReframedAnnual report
「Securing and developing talented personnel and enabling them to maximize their capabilities are important to the Group's continued growth. However, as Japan's declining population, particularly the decline in the working-age population, makes it more difficult to secure personnel, changes in employment conditions, including increases in the minimum wage, could prevent the Group from securing and developing the necessary personnel as planned, potentially adversely affecting its performance and financial condition.」
The scope of the discussion has expanded from the previous focus on labor shortages across the food industry to human-resource risks specific to the Group, including population decline, increases in the minimum wage, and failure to meet personnel recruitment and development plans. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter under review, Japan's economy remained on a moderate recovery trend, but uncertainty continued due to the impact of fluctuations in the global economy and labor shortages in Japan. In the food industry, operating conditions remained challenging due to the above domestic economic conditions, growing consumer awareness of safety and security, continued preference for low prices, intensifying competition, and other factors.」
Labor shortages in Japan continue to be cited as a factor behind the uncertain economic environment. In its description of the food industry, the company included labor shortages under the phrase “the above domestic economic conditions” rather than listing them separately. - FY2020-Q2RestatedAnnual report
「The food industry remained in a challenging operating environment, owing to growing consumer awareness of food safety and security, the continuing preference for low prices, intensifying competition and labour shortages, among other factors.」
The company continued to identify labor shortages as a factor behind the challenging operating environment in the food industry. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter under review, Japan's economy remained on a moderate recovery trend, but uncertainty continued due to the impact of fluctuations in the global economy and labor shortages in Japan. In the food industry, operating conditions remained challenging due to the above domestic economic conditions, growing consumer awareness of safety and security, continued preference for low prices, intensifying competition, and other factors.」
Labor shortages continue to be cited as a source of uncertainty for the domestic economy, while the food industry's conditions are described as challenging in light of those domestic economic conditions. - FY2019RestatedAnnual report
「The food industry also remained in a challenging operating environment, in addition to the domestic economic conditions described above, owing to growing consumer awareness of food safety and security, the continuing preference for low prices, and intensifying competition, among other factors.」
The company continued to describe the challenging operating environment, including intensifying competition in the food industry and labor shortages in Japan, in its annual report. - FY2019-Q3RestatedAnnual report
「The food industry remained in a challenging operating environment, owing to growing consumer awareness of food safety and security, the continuing preference for low prices, intensifying competition and labour shortages, among other factors.」
The company continued to identify labor shortages as a factor behind the challenging operating environment in the food industry. It did not disclose specific damage to the company caused by labor shortages. - FY2019-Q2RestatedAnnual report
「The food industry remained in a challenging operating environment, owing to growing consumer awareness of food safety and security, the continuing preference for low prices, intensifying competition and labour shortages, among other factors.」
The company continued to identify labor shortages as a factor behind the challenging operating environment in the food industry. - FY2019-Q1RestatedAnnual report
「The food industry remained in a challenging operating environment, owing to growing consumer awareness of food safety and security, the continuing preference for low prices, intensifying competition and labour shortages, among other factors.」
The company continued to identify labor shortages as a factor behind the challenging operating environment in the food industry. It did not disclose specific damage to the company caused by labor shortages. - FY2018RestatedAnnual report
「The food industry remained in a challenging operating environment, owing to growing consumer awareness of food safety and security, the continuing preference for low prices, intensifying competition and labour shortages, among other factors.」
The company continued to identify labor shortages as a factor behind the challenging operating environment in the food industry in its annual report. - FY2018-Q3First statedAnnual report
「The food industry remained in a challenging operating environment, owing to growing consumer awareness of food safety and security, the continuing preference for low prices, intensifying competition and labour shortages, among other factors.」
The company newly identified labor shortages as a factor behind the challenging operating environment in the food industry. It did not state that labor shortages had caused actual damage to its performance.