Risk of Higher Costs from Expanded Social Insurance Coverage and Tighter Labor Regulations for Short-Hour Workers
First written in FY2016. 5 of 9 entries say "Worsened", first in FY2017. Latest entry: FY2024.
Eternal Hospitality Group moved to the "Worse" side of this theme in 2017, 7 years before the typical company in this theme (2024).
The whole theme swung hardest in 2024: 4 of 10 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- FY2024WorsenedAnnual report
「As of 31 July 2024, we employed 11,927 part-time and casual workers.」
The number of short-time workers increased from 10,434 in the previous fiscal year to 11,927. The employment base exposed to the risks of higher insurance premiums and fewer applicants seeking work resulting from expanded mandatory social insurance coverage has expanded. - FY2023WorsenedAnnual report
「As of 31 July 2023, we employed 10,434 part-time and casual workers. Although only a small number of them are subject to mandatory social insurance coverage, if the scope of mandatory social insurance coverage for short-time workers is expanded in the future, this could affect the Group's financial condition or operating results through higher insurance premiums and a decline in the number of applicants seeking work as part-time or casual workers.」
The number of short-time workers increased from 8,965 in the previous fiscal year to 10,434. The risks of higher costs and recruitment difficulties resulting from expanded mandatory social insurance coverage remain. - FY2022WorsenedAnnual report
「Short-time workers have become indispensable to the operations of the Group's stores, and as of 31 July 2022, we employed 8,965 part-time and casual workers. Although only a small number of them are subject to mandatory social insurance coverage, if the scope of mandatory social insurance coverage for short-time workers is expanded in the future, this could affect the Group's financial condition or operating results through higher insurance premiums and a decline in the number of applicants seeking work as part-time or casual workers.」
The number of short-time workers increased from 6,718 in the previous fiscal year to 8,965. The risks of higher insurance premiums and fewer applicants seeking work resulting from expanded mandatory social insurance coverage remain. - FY2021MitigatedAnnual report
「Short-time workers have become indispensable to the operations of the Group's stores, and as of 31 July 2021, we employed 6,718 part-time and casual workers. Although only a small number of them are subject to mandatory social insurance coverage, if the scope of mandatory social insurance coverage for short-time workers is expanded in the future, this could affect the Group's financial condition or operating results through higher insurance premiums and a decline in the number of applicants seeking work as part-time or casual workers.」
The number of short-time workers decreased from 8,233 in the previous fiscal year to 6,718. The risk of expanded mandatory social insurance coverage remains. - FY2020MitigatedAnnual report
「Short-time workers have become indispensable to our store operations, and as of 31 July 2020, we employed 8,233 part-time and casual workers. Although only a small number of them are subject to mandatory social insurance coverage, if the scope of mandatory social insurance coverage for short-time workers is expanded in the future, this could affect our financial condition or operating results through higher insurance premiums and a decline in the number of applicants seeking work as part-time or casual workers.」
The number of short-time workers decreased from 10,526 in the previous fiscal year to 8,233. The risk of expanded mandatory social insurance coverage remains. - FY2019MitigatedAnnual report
「Short-time workers have become indispensable to our store operations, and as of 31 July 2019, we employed 10,526 part-time and casual workers. Although only a small number of them are subject to mandatory social insurance coverage, if the scope of mandatory social insurance coverage for short-time workers is expanded in the future, this could affect our financial condition or operating results through higher insurance premiums and a decline in the number of applicants seeking work as part-time or casual workers.」
The number of short-time workers decreased from 11,762 in the previous fiscal year to 10,526. The risk of expanded mandatory social insurance coverage remains. - FY2018WorsenedAnnual report
「Short-time workers have become indispensable to our store operations, and as of 31 July 2018, we employed 11,762 part-time and casual workers.」
The number of short-time workers increased from 9,707 in the previous fiscal year to 11,762. The employment base exposed to the risks of higher insurance premiums and fewer applicants seeking work resulting from expanded mandatory social insurance coverage has expanded further. The filing also describes higher statutory welfare expenses and staffing costs resulting from tighter labor regulations. - FY2017WorsenedAnnual report
「Short-time workers have become indispensable to our store operations, and as of 31 July 2017, we employed 9,707 part-time and casual workers. If the scope of mandatory social insurance coverage for short-time workers is expanded in the future, this could affect our financial condition or operating results through higher insurance premiums and a decline in the number of applicants seeking work as part-time or casual workers.」
The number of short-time workers reached 9,707, expanding the employment base exposed to the risk of higher costs and recruitment difficulties resulting from expanded mandatory social insurance coverage. - FY2016First statedAnnual report
「As of 31 July 2016, we employed 8,083 part-time and casual workers. If the scope of mandatory social insurance coverage for short-time workers is expanded in the future, this could affect our financial condition or operating results through higher insurance premiums and a decline in the number of applicants seeking work as part-time or casual workers.」
The filing describes the higher costs and recruitment difficulties that could result from mandatory social insurance coverage and tighter labor regulations, based on a business structure that employs a large number of short-time workers.