Rising Personnel Expenses Due to Labor Shortages
First written in FY2018-Q2. 5 of 21 entries say "Restated". Latest entry: 2026-08-10.
The whole theme swung hardest in 2022: 53 of 63 companies on the "Worse" side.
30 other companies' latest entry also says "Restated".
- 2026-08-10RestatedResults
「Profitability remained under pressure due to soaring raw material and utility costs, the persistent labor shortage, and Japanese consumers' preference for saving.」
人手不足の常態化と利益面の厳しさが引き続き記載された。 - FY2026-H1WorsenedAnnual report
「Profitability remained under pressure due to soaring raw material and utility costs, the persistent labor shortage, and Japanese consumers' preference for saving.」
The disclosure now states that labor shortages have become entrenched. Personnel-related costs increased, with salaries and allowances rising from ¥301.743 million in the previous year to ¥406.951 million, and provision for bonuses rising from ¥55.578 million to ¥94.136 million. - FY2025-H1Increase in salaries, bonuses and other expenses confirmedAnnual report
「Salaries and allowances ¥233.535 million ¥301.743 million Provision for bonuses ¥31.811 million ¥55.578 million」
Salaries and allowances and provision for bonuses increased from the previous year. Although personnel-related expenses continued to rise, segment profit in the store subleasing business increased 34.1% year on year. - FY2024-Q3Continued increases in selling, general and administrative expenses and declines in profit due to higher personnel costs and other expensesAnnual report
「Meanwhile, selling, general and administrative expenses increased compared with the same quarter of the previous year due to increases in salaries, executive compensation, recruitment costs and other expenses. As a result, for the cumulative third quarter of the current fiscal year, the store subleasing business reported revenue of ¥10,043.541 million, up 11.6% year on year, and segment profit of ¥639.273 million, down 15.6%.」
Selling, general and administrative expenses increased due to higher salaries, executive compensation, recruitment costs and other expenses, and segment profit in the store subleasing business fell 15.6% year on year. - FY2024-Q2Further increases in selling, general and administrative expenses and declines in profit due to higher personnel costs and other expensesAnnual report
「Meanwhile, selling, general and administrative expenses increased compared with the same quarter of the previous year due to increases in salaries, executive compensation, recruitment costs and other expenses. As a result, for the cumulative second quarter of the current fiscal year, the store subleasing business reported revenue of ¥6,626.044 million, up 12.2% year on year, and segment profit of ¥423.004 million, down 17.3%.」
Selling, general and administrative expenses increased due to higher salaries, executive compensation, recruitment costs and other expenses, and segment profit in the store subleasing business fell 17.3% year on year. - FY2024-Q1Higher selling, general and administrative expenses and lower profit due to increased personnel costs and other expensesAnnual report
「Meanwhile, selling, general and administrative expenses increased compared with the same quarter of the previous year due to increases in salaries, executive compensation, recruitment costs and other expenses. As a result, for the cumulative first quarter of the current fiscal year, the store subleasing business reported revenue of ¥3,262.737 million, up 12.4% year on year, and segment profit of ¥215.535 million, down 14.0%.」
Selling, general and administrative expenses increased due to higher salaries, executive compensation, recruitment costs and other expenses, and segment profit in the store subleasing business fell 14.0% year on year. - FY2023RestatedAnnual report
「The Group recognizes that securing and developing highly skilled personnel is an important management issue in expanding its business.」
The recognition that securing and developing highly skilled personnel needed for business expansion is a management issue remains unchanged. - FY2022WorsenedAnnual report
「However, if the Company is unable to secure sufficient highly skilled personnel, if its current employees leave, or if personnel development does not progress as planned, this may affect its business results and financial position.」
The risks related to securing and developing personnel explicitly include not only insufficient recruitment, but also the possibility of employee departures and failure to meet personnel development targets. - FY2022-Q3Slight increase in selling, general and administrative expenses due to higher salaries, bonuses, and recruitment costsAnnual report
「On the other hand, selling, general and administrative expenses increased slightly compared with the same quarter of the previous year due in part to higher salaries, bonuses, and recruitment costs.」
Increases in salaries, bonuses and recruitment costs actually occurred, resulting in a slight year-on-year increase in selling, general and administrative expenses. The impact of risk factors is described in terms of expenses. - FY2022-Q1Recruitment and training costs increased, while selling, general and administrative expenses remained at the same levelAnnual report
「On the other hand, although recruitment and training costs increased, selling, general and administrative expenses remained at the same level as in the same quarter of the previous year due in part to a decrease in the provision for bonuses.」
Recruitment and training costs increased, but total selling, general and administrative expenses remained at the same level as in the same quarter of the previous year due in part to a decrease in the provision for bonuses. - FY2021RestatedAnnual report
「The Company recognizes that securing and developing talented personnel is an important management issue as it expands its business. The Company plans to continue actively securing and developing talented personnel.」
The recognition that securing and developing personnel is a management issue and a risk continues. - FY2021-Q3Slight decrease in selling, general and administrative expenses due to lower recruitment and training costsAnnual report
「On the other hand, selling, general and administrative expenses decreased slightly compared with the same quarter of the previous year, partly due to lower recruitment and training costs.」
Selling, general and administrative expenses decreased slightly year on year due to lower recruitment and training costs, among other factors. - FY2021-Q2Continued slight increase in selling, general and administrative expenses and lower profit due to special allowances and higher land and building rentsAnnual report
「On the other hand, selling, general and administrative expenses increased slightly compared with the same quarter of the previous year due in part to special allowances paid to employees who worked diligently in response to COVID-19 and higher land and building rents following the expansion of office space carried out in the previous fiscal year. As a result, for the cumulative second quarter of the fiscal year, the retail property subleasing business reported revenue of ¥4,759.046 million, up 5.0% year on year, and segment profit of ¥219.868 million, down 31.9%.」
Selling, general and administrative expenses increased slightly due to special allowances and higher land and building rents following the expansion of office space, while segment profit in the retail property subleasing business declined 31.9% year on year. The increases in expenses and decrease in profit were quantified and occurred as actual results. - FY2021-Q1Higher selling, general and administrative expenses and lower profit due to special allowances and increased land and building rentsAnnual report
「On the other hand, selling, general and administrative expenses increased compared with the same quarter of the previous year due to special allowances paid to employees who worked diligently in response to COVID-19 and higher land and building rents following the expansion of office space carried out in the previous fiscal year. As a result, for the cumulative first quarter of the fiscal year, the retail property subleasing business reported revenue of ¥2,395.042 million, up 7.5% year on year, and segment profit of ¥100.303 million, down 40.9%.」
Special allowances related to the COVID-19 response and higher land and building rents due to the expansion of office space contributed to the increase in selling, general and administrative expenses, while segment profit in the retail property subleasing business declined 40.9% year on year. - FY2020Full-year confirmation of higher personnel expenses and lower segment profitAnnual report
「On the other hand, selling, general and administrative expenses increased compared with the previous fiscal year due to higher personnel expenses and the recording of shareholder benefit expenses. As a result, for the fiscal year, the retail property subleasing business reported revenue of ¥9,385.996 million, up 16.0% year on year, and segment profit of ¥568.053 million, down 19.4%.」
The increase in personnel expenses was cited as a factor behind higher selling, general and administrative expenses for the full year, and segment profit in the retail property subleasing business declined 19.4% year on year. - FY2020-Q3Higher selling, general and administrative expenses and lower profit due to increased personnel expensesAnnual report
「On the other hand, selling, general and administrative expenses increased compared with the same quarter of the previous year due to the expansion of the head office and higher personnel expenses. As a result, for the cumulative third quarter of the fiscal year, the retail property subleasing business reported revenue of ¥6,896.757 million, up 15.5% year on year, and segment profit of ¥451.413 million, down 16.7%.」
The increase in personnel expenses was cited as a factor behind the increase in selling, general and administrative expenses, and segment profit in the retail property subleasing business declined 16.7% year on year. - FY2020-Q2Increase in personnel expenses recordedAnnual report
「On the other hand, selling, general and administrative expenses increased compared with the same quarter of the previous year due to the expansion of the head office and higher personnel expenses. As a result, for the cumulative second quarter of the fiscal year, the retail property subleasing business reported revenue of ¥4,530.610 million, up 17.6% year on year, and segment profit of ¥323.085 million, down 4.0%.」
The increase in personnel expenses was cited as a factor behind the increase in selling, general and administrative expenses, and segment profit in the retail property subleasing business declined 4.0% year on year. - FY2019RestatedAnnual report
「The Company recognizes that securing and developing talented personnel is an important management issue as it expands its business. The Company plans to continue actively securing and developing talented personnel.」
The securing and development of talented personnel, which evolved from the issues of labor shortages and higher labor costs, continues to be identified as a risk. - FY2018ReframedAnnual report
「The Company recognizes that securing and developing talented personnel is an important management issue as it expands its business.」
The focus has shifted from the previous issue of higher labor costs due to labor shortages to treating the securing and development of talented personnel themselves as management issues and risks. - FY2018-Q3RestatedAnnual report
「Although the food service industry continues to face elevated labor costs due to labor shortages, business performance is improving.」
Elevated labor costs due to labor shortages continue to be cited as an ongoing issue. - FY2018-Q2First statedAnnual report
「Although higher labor costs due to labor shortages remain an issue, business performance is improving.」
Labor shortages and the resulting increase in labor costs are cited as issues facing the food service industry.