Deterioration in the Operating Environment Due to Rising Personnel Costs
First written in FY2019. 6 of 13 entries say "Restated". Latest entry: 2026-07-31.
Hotman moved to the "Worse" side of this theme in 2022, 2 years after the typical company in this theme (2020).
The whole theme swung hardest in 2022: 25 of 55 companies on the "Worse" side.
19 other companies' latest entry also says "Materialised".
- FY2026-H1RestatedAnnual report
「During the current interim accounting period, there was no emergence of new business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
The company has comprehensively disclosed that there have been no material changes in the risk of deterioration in the operating environment due to higher labor costs. - FY2025WorsenedAnnual report
「Although the Company has seen a recovery in customer traffic, costs such as procurement prices and personnel expenses have remained high, while stagnation in consumer sentiment caused by prolonged high prices is also a concern, and conditions remain challenging.」
The company has disclosed an environment in which elevated costs, including higher labor costs, continue alongside the recovery in customer traffic. - FY2023MaterialisedAnnual report
「The main factors behind the decline in profit were higher labor and electricity costs and other expenses, higher costs associated with the construction and relocation of stores and new store openings, and the liquidation of an unconsolidated subsidiary in December 2022.」
Higher labor costs appeared in the results as a factor behind the decline in profit, together with higher electricity and other costs and store investment expenses. - FY2023-Q3RestatedAnnual report
「The Company also saw signs of a recovery driven by the return of customer traffic. However, expenses have continued to increase due to weaker consumer sentiment caused by higher prices, rising personnel expenses accompanying annual increases in the minimum wage, and higher water, utility and supplies costs, leaving conditions challenging.」
The company continues to disclose the cost burden from higher labor costs accompanying increases in the minimum wage and higher utility costs, prices of supplies and other items. - FY2023-Q2WorsenedAnnual report
「As the company moved into a new phase of living with COVID-19, there were signs of a gradual recovery, but expenses continued to trend higher due to rising labor costs resulting from annual increases in the minimum wage and increases in utility costs and the prices of supplies and other items, leaving conditions challenging.」
The company newly specifies higher labor costs resulting from annual increases in the minimum wage and describes the growing cost burden together with higher utility costs and prices of supplies and other items. - FY2022-Q3WorsenedAnnual report
「The main factors behind the declines in revenue and profit were lower revenue due to the reactionary decline in stay-at-home demand in the TSUTAYA business, shorter operating hours in response to requests to reduce business hours, the reactionary impact of increased demand following the payment of special fixed benefits across all businesses, and a decline in customer numbers due to the spread of COVID-19, as well as higher expenses following the easing of restrictions on selling expenses, recruitment-related expenses and other areas.」
Higher expenses following the easing of restrictions on selling expenses, recruitment-related expenses and other areas, together with lower revenue, appeared in the results as factors behind the declines in revenue and profit. - FY2020-Q3RestatedAnnual report
「We continue to face a difficult operating environment, including sluggish personal consumption and increased personnel expenses due to national government policies.」
The company states that the challenging operating environment, including higher labor costs, continues. - FY2020-Q2RestatedAnnual report
「We continue to face a difficult operating environment, including sluggish personal consumption and increased personnel expenses due to national government policies.」
The company states that the challenging operating environment, including higher labor costs, continues. - FY2020-Q1RestatedAnnual report
「We continue to face a difficult operating environment, including sluggish personal consumption and increased personnel expenses due to national government policies.」
The company states that the challenging operating environment, including higher labor costs, continues. - FY2019First statedAnnual report
「We continue to face a difficult operating environment, including sluggish personal consumption and increased personnel expenses due to national government policies.」
For the first time, the company separately identifies sluggish personal consumption and higher labor costs as factors contributing to the challenging operating environment in the current fiscal year.