Increase in fixed costs associated with hiring and training personnel
First written in FY2017. 1 of 2 entries say "Materialised", first in FY2019. Latest entry: FY2019.
First Brothers moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2026: 10 of 19 companies on the "Worse" side.
5 other companies' latest entry also says "Materialised".
- FY2019MaterialisedAnnual report
「Selling, general and administrative expenses for the fiscal year amounted to ¥1,863.515 million, an increase of 37.2% year on year.」
Selling, general and administrative expenses, including personnel expenses, increased 37.2% year on year, showing the increase in fixed costs associated with securing and developing personnel in actual expenses. Operating profit, meanwhile, declined 32.5% year on year. - FY2017First statedAnnual report
「Even if the Group successfully secures and develops its human resources, costs related to hiring and training, personnel expenses and other fixed costs are expected to increase. If earnings do not grow in line with this increase in costs, the Group's performance could be affected.」
The risk that increases in fixed costs for hiring and training, and personnel expenses, could outpace earnings growth was explicitly disclosed for the first time, even if human-resource recruitment and development progressed.