Rising labor and other costs due to labor shortages
First written in FY2017-Q1. 11 of 21 entries say "Restated". Latest entry: FY2026.
Towa Food Service moved to the "Worse" side of this theme in 2023, 4 years after the typical company in this theme (2019).
The whole theme swung hardest in 2022: 40 of 47 companies on the "Worse" side.
19 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「As of 2026, Tokyo's minimum wage has reached ¥1,226, and upward pressure on wages continues throughout the Tokyo metropolitan area, including Kanagawa Prefecture.」
Regarding the risk of labor shortages and rising labor costs, the document cites Tokyo's minimum wage of ¥1,226 and states that upward pressure on wages continues across the Tokyo metropolitan area. - FY2025WorsenedAnnual report
「Labor shortages in the food-service industry have become chronic, and competition for recruitment with competing business formats is intensifying, particularly in urban areas of Tokyo and the surrounding three prefectures.」
The document identifies labor shortages as a chronic structural issue and explicitly notes intensifying recruitment competition in urban areas. - FY2024WorsenedAnnual report
「The decline in the working-age population has left labor-intensive service businesses facing an unprecedented labor shortage. Competition to secure workers is intensifying, and recruitment and hiring costs are trending upward.」
Regarding labor shortages, the document explicitly identifies an unprecedented shortage of workers in labor-intensive service businesses, intensifying recruitment competition, and rising recruitment and hiring costs. - FY2024-Q1RestatedAnnual report
「The difficult operating environment continues, including heightened international tensions, higher raw material and resource costs due to the weaker yen, rising energy costs and labor shortages,」
The document continues to express the view that a challenging operating environment, including labor shortages, persists. - FY2023WorsenedAnnual report
「Prices continue to rise due to global inflation, while labor costs remain elevated as a result of labor shortages.」
The document states that labor shortages and rising labor costs remain management challenges. - FY2023-Q3WorsenedAnnual report
「In addition to higher food and energy costs, we are pursuing value engineering in the menus we offer amid labor shortages,」
The document explicitly describes the labor shortage situation and states that cost and operating challenges caused by labor shortages continue. - FY2020-Q2RestatedAnnual report
「In the second quarter, from 1 May 2019 to 31 October 2019, competition to attract customers from other industries and business formats intensified against the backdrop of the consumption tax increase, while higher labor and logistics costs made conditions in the foodservice industry increasingly challenging.」
The document continues to describe the challenging food-service industry environment, including rising labor costs. It also mentions higher logistics costs, but there is no significant change in the wording of the labor shortages and rising labor costs theme itself. - FY2020-Q1RestatedAnnual report
「There are concerns that difficult operating conditions may continue due to higher labor costs resulting from labor shortages, rising raw material costs and other factors.」
The document continues to describe higher labor costs caused by labor shortages as part of the challenging operating environment in the food-service industry. - FY2019WorsenedAnnual report
「In Japan, where the declining working-age population is a long-term issue extending beyond the food-service industry, competition for human resources with competitors and other industries is expected to intensify. Although the Company's location strategy of securing the best locations in the Tokyo area means it currently faces relatively little chronic labor shortage, it will prepare by working to secure foreign personnel in the future in addition to hiring new graduates.」
The document identifies the declining working-age population as a long-term issue and indicates that competition for human resources with competitors and other industries is expected to intensify. - FY2019-Q3RestatedAnnual report
「In the third quarter, from 1 November 2018 to 31 January 2019, the foodservice industry continued to face a challenging operating environment due to soaring labor costs resulting from labor shortages, as well as increases in raw material and logistics costs.」
The document reiterates that the continued rise in labor costs caused by labor shortages is part of the challenging operating environment in the food-service industry. - FY2019-Q2RestatedAnnual report
「The results reflected the impact of upfront investment in human resources, including higher base salaries for employees and higher hourly wages for part-time workers, to address labor shortages.」
The document states that higher employee base salaries and hourly wages for part-time workers, as investments in human resources including measures to address labor shortages, affected profitability. - FY2019-Q1RestatedAnnual report
「Rising raw material prices due to the gradual depreciation of the yen and higher labor costs resulting from labor shortages continue.」
The document continues to identify the ongoing rise in labor costs caused by labor shortages as a challenge facing the food-service industry. - FY2018RestatedAnnual report
「In the food-service industry, higher raw-material prices due to adverse weather, labor shortages and the resulting rise in labor costs are challenges for companies, among other issues.」
The document continues to identify labor shortages and rising labor costs as challenges facing the food-service industry. - FY2018-Q3RestatedAnnual report
「In addition, the difficult business environment caused by higher labor costs resulting from labor shortages and rising food prices continues.」
The document continues to describe labor shortages and the resulting rise in labor costs as part of the challenging business environment in the food-service industry. - FY2018-Q2WorsenedAnnual report
「In the food-service industry, labor demand remains tight and labor costs continue to rise due to labor shortages, while wage growth remains low. As a result, personal consumption has not yet recovered, and the challenging operating environment continues.」
The document explicitly identifies tight labor demand, continued increases in labor costs caused by labor shortages, and the lack of a recovery in personal consumption, specifying the severity of labor shortages and cost increases. - FY2018-Q1RestatedAnnual report
「In the food service industry, personal consumption showed signs of recovery, but the industry continues to face difficult conditions due to challenges including higher unit costs for raw materials, a shrinking market caused by population decline and a shortage of young workers.」
The document continues to identify the shortage of young workers as an issue facing the food-service industry. - FY2017WorsenedAnnual report
「As widely reported in the media, demographic changes have made it more difficult to secure young workers, and recruitment difficulties have become a serious problem.」
In addition to labor shortages and rising labor costs, the document describes the difficulty of recruiting young workers as a “serious problem.” - FY2017-Q2RestatedAnnual report
「During the second quarter, the foodservice industry continued to face a challenging operating environment, including ongoing increases in raw material prices and labor costs.」
The document continues to describe higher raw-material and labor costs as part of the challenging business environment in the food-service industry. - FY2017-Q1First statedAnnual report
「The food-service industry continues to face a challenging business environment, including higher raw-material prices and rising labor and other costs caused by labor shortages.」
This was the first specific reference to labor shortages and the resulting rise in labor and other costs as part of the current business environment in the food-service industry.