Business Succession Issues at Food Companies Due to Aging Management
First written in FY2018-Q2. 11 of 15 entries say "Restated". Latest entry: FY2026.
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- FY2026WorsenedAnnual report
「As of 2025, the average age of presidents of domestic companies had reached 63.81 (Note 1), a new record high. The age distribution of presidents was 26.8% in their 60s and 34.7% aged 70 or older (Note 1), meaning that more than 60% were aged 60 or older. In particular, the share of presidents aged 70 or older rose 0.3 percentage points from the previous year, and many business owners are expected to reach retirement age in the coming years. However, 62.60% (Note 2) of domestic companies have no successor, indicating that preparations for business succession have not progressed sufficiently.」
The latest figures, including an average president age of 63.81, a 34.7% share aged 70 or older and a 62.60% rate of companies without successors, further specify the risks associated with the aging of business owners and business succession. - FY2025WorsenedAnnual report
「As of 2024, more than half of small and medium-sized enterprise owners were aged 60 or older, and their average age reached 63.59 (Note 2), a new record high. In particular, owners aged 70 or older accounted for 34.47% (Note 2), and many business owners are expected to reach retirement age in the coming years. However, 62.15% (Note 3) of domestic small and medium-sized enterprises have no successor, indicating that preparations for business succession have not progressed sufficiently.」
Figures including an average business-owner age of 63.59, a 34.47% share aged 70 or older and a 62.15% rate of companies without successors present the business succession issue more specifically. - FY2024WorsenedAnnual report
「While the average retirement age for business owners is around 70 (Note 1), their average age has reached 63.76 (Note 2), and approximately 50% of business owners are expected to reach the average retirement age within the next 7 years. Meanwhile, 53.9% (Note 3), or more than half of domestic companies, have no successor, and only 33% of companies across all industries (Note 4) are currently considering business succession, indicating that preparations for business succession are not progressing.」
New figures showing an average age of 63.76 for business owners, a 53.9% rate of companies without successors and 33% of companies considering business succession present the succession risk more specifically. - FY2023RestatedAnnual report
「While the average retirement age for business owners is around 70 (Note 1), their average age has reached 63.02 (Note 2), and approximately 50% of business owners are expected to reach the average retirement age within the next 7 years.」
The aging of business owners and business succession issues are described as ongoing challenges using external data showing an average age of 63.02 and approximately 50% within the next 7 years. - FY2020RestatedAnnual report
「Many challenges have accumulated, including rising labor costs due to hiring difficulties and other factors and business succession issues resulting from the aging of business owners.」
Rising labor costs due to hiring difficulties and business succession issues resulting from the aging of business owners are reiterated as ongoing challenges for the food industry. - FY2020-Q3RestatedAnnual report
「Many challenges have accumulated, including rising labor costs due to hiring difficulties and other factors and business succession issues resulting from the aging of business owners.」
The business succession issue resulting from the aging of business owners is reiterated as an ongoing challenge for the food industry, alongside hiring difficulties and rising labor costs. - FY2020-Q2RestatedAnnual report
「Many challenges have accumulated, including rising labor costs due to hiring difficulties and other factors and business succession issues resulting from the aging of business owners.」
Rising labor costs due to hiring difficulties and business succession issues resulting from the aging of business owners are reiterated as ongoing challenges for the food industry. - FY2020-Q1RestatedAnnual report
「Many challenges have accumulated, including rising labor costs due to hiring difficulties and other factors and business succession issues resulting from the aging of business owners.」
Rising labor costs due to hiring difficulties and business succession issues resulting from the aging of business owners are reiterated as ongoing challenges for the food industry. - FY2019RestatedAnnual report
「In addition to growing public concern about food safety and security, many challenges have accumulated, including rising logistics costs, higher labor costs due to hiring difficulties and other factors, and business succession issues resulting from the aging of business owners.」
The business succession issue resulting from the aging of business owners is described as an ongoing challenge for the food industry, alongside logistics costs, labor costs and concern about food safety. - FY2019-Q3RestatedAnnual report
「In addition to growing public concern about food safety and security, many challenges have accumulated, including rising labor costs due to hiring difficulties and business succession issues resulting from the aging of business owners.」
The business succession issue resulting from the aging of business owners is reiterated as an ongoing challenge for the food industry. - FY2019-Q2RestatedAnnual report
「In addition to growing public concern about food safety and security, many challenges have accumulated, including rising labor costs due to hiring difficulties and business succession issues resulting from the aging of business owners.」
The business succession issue resulting from the aging of business owners is reiterated as an ongoing challenge for the food industry. - FY2019-Q1RestatedAnnual report
「In addition to growing public concern about food safety and security, many challenges have accumulated, including rising labor costs due to hiring difficulties and business succession issues resulting from the aging of business owners.」
The business succession issue resulting from the aging of business owners is reiterated as an ongoing challenge for the food industry. - FY2018RestatedAnnual report
「In addition, the industry faces a range of serious challenges, including business succession issues resulting from the aging of business owners.」
The aging of business owners and business succession issues in the food industry continue to be identified as industry challenges. - FY2018-Q3RestatedAnnual report
「In addition, the industry faces a range of serious challenges, including business succession issues resulting from the aging of business owners.」
The issue of business succession accompanying the aging of business owners in the food industry continues to be identified as an industry challenge. - FY2018-Q2First statedAnnual report
「In addition, the industry faces a range of serious challenges, including business succession issues resulting from the aging of business owners.」
The issue of business succession accompanying the aging of business owners in the food industry is identified for the first time as an industry challenge.