Labor Shortages, Rising Labor Costs and Soaring Logistics Costs
First written in FY2018. 12 of 15 entries say "Materialised", first in FY2019-Q1. Latest entry: FY2026.
Hiraki moved to the "Worse" side of this theme in 2018, 3 years before the typical company in this theme (2021).
The whole theme swung hardest in 2022: 71 of 111 companies on the "Worse" side.
33 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「In addition to lower revenue, higher expenses associated with new specialty-store openings and other factors affected segment profit, which was ¥134 million, down 24.0% from the previous fiscal year.」
Higher expenses associated with new specialty footwear store openings actually arose and, together with lower revenue, pushed down profit in the store-based retail business. - 2026-05-15MaterialisedRevisions to earnings forecasts
「円安の継続やエネルギー価格・人件費の高騰によって物価上昇」
人件費高騰を次期のコストリスクとして明示している。また、専門店新規出店に係る費用増加も当期業績に発生した。 - FY2025-H1MaterialisedAnnual report
「In terms of profit, although personnel expenses at the specialty stores and costs related to the food hall renovation increased, higher revenue and an improved gross profit margin lifted segment profit to ¥117 million, up 68.6% year on year.」
Higher personnel expenses at specialty footwear stores and expenses related to the renovation of the food store actually arose, but were absorbed by higher revenue and an improved gross profit margin. - FY2024-Q3MaterialisedAnnual report
「Higher revenue offset the increase in SG&A expenses, primarily higher labor costs associated with opening footwear specialty stores, resulting in segment profit of ¥55 million, up 52.5% year on year.」
Higher personnel expenses and SG&A expenses associated with the opening of specialty footwear stores actually arose, but were absorbed by higher revenue in the store-based retail business. - FY2024-Q2MaterialisedAnnual report
「SG&A expenses increased due to higher personnel expenses and other factors, but were covered by higher revenue, resulting in profit of ¥69 million, up 3.2% year on year.」
The store-based retail business actually incurred higher SG&A expenses due to increases in personnel expenses and other costs. As the increase was absorbed by higher revenue, segment profit rose 3.2% year on year. - FY2022WorsenedAnnual report
「Since the beginning of the year, the economic outlook has remained uncertain due to factors including the application of priority preventive measures to prevent the spread of infection with the Omicron variant and rising logistics costs resulting from higher raw material prices and ocean freight rates.」
The increase in logistics costs caused by higher raw material prices and ocean freight rates became evident. Selling freight increased from ¥652.819 million in the previous fiscal year to ¥885.96 million, intensifying cost pressures. - FY2021-Q1MaterialisedAnnual report
「Although SG&A expenses, mainly selling freight, increased, segment profit was ¥463 million, up 41.4% year on year, due to higher revenue and the ability to maintain a gross profit margin in line with the same period of the previous year.」
An actual increase in SG&A expenses, mainly selling freight, raised costs in the mail-order business, while profit increased due to higher revenue and other factors. - FY2020-Q3MaterialisedAnnual report
「The SG&A ratio rose mainly due to lower revenue and higher delivery costs, and segment profit was ¥698 million, down 25.5% year on year.」
Higher delivery costs pushed down profit in the mail-order business through an increase in the SG&A ratio, and segment profit fell 25.5% year on year. - FY2020-Q2MaterialisedAnnual report
「Selling, general and administrative expenses as a percentage of revenue rose, mainly due to higher delivery costs, and segment profit was ¥426 million, down 28.4% year on year.」
Higher delivery costs pushed down profit in the mail-order business through an increase in the SG&A ratio, and segment profit fell 28.4% year on year. - FY2020-Q1MaterialisedAnnual report
「Profit was affected by lower revenue and higher delivery costs, and segment profit was ¥327 million, down 30.0% year on year.」
Higher delivery costs, together with lower revenue, pushed down profit in the mail-order business, and segment profit fell 30.0% year on year. - FY2019WorsenedAnnual report
「Due to further increases in delivery costs in the mail-order business and lower revenue, our group’s operating profit was ¥813 million, down 22.8% from the previous fiscal year.」
Further increases in delivery costs, together with lower revenue, pushed down operating profit, and the impact of higher logistics costs became more clearly evident in performance than in the previous fiscal year. - FY2019-Q3MaterialisedAnnual report
「Due to higher delivery costs and the decline in gross profit resulting from lower revenue, segment profit (operating profit) was ¥936 million, down 8.8% year on year.」
Higher delivery costs actually arose and, together with lower revenue, their impact could not be absorbed through improvements in the gross profit margin and reductions in advertising expenses, putting pressure on profit in the mail-order business. - FY2019-Q2MaterialisedAnnual report
「After offsetting the impact of lower revenue and higher logistics costs, segment profit (operating profit) was ¥595 million, up 2.5% year on year, resulting in lower revenue but higher profit.」
The company stated that higher logistics costs actually arose and that their impact was offset through an improved gross profit margin and reductions in catalogue expenses. - FY2019-Q1MaterialisedAnnual report
「The gross profit margin improved significantly, offsetting the impact of lower revenue and higher logistics costs.」
The company stated that higher logistics costs actually arose in the mail-order business and were absorbed through an improved profit margin. - FY2018First statedAnnual report
「Our group expects the difficult business environment to continue, including labor shortages and the resulting increases in labor and logistics costs, as well as the continued tendency to conserve household spending due to concerns about the future.」
Labor shortages and the resulting increases in labor and logistics costs were identified for the first time as distinct factors expected to weigh on the future business environment.