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ZIGExN (3679) · FactRestated

Expansion of the Job Advertising Market Driven by Structural Labor Shortages

First written in FY2017-Q1. 11 of 28 entries say "Restated". Latest entry: 2026-08-13.

28entries
11years
3from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2017-Q1 – FY2019-Q2OtherFY2020-Q1 – FY2026-H12016: 220162017: 320172018: 320182019: 320192020: 420202021: 320212022: 320222023: 220232024: 120242025: 120252026: 32026
Same theme, other companies
Improving Employment Conditions and Increases and Decreases in Recruitment Advertising DemandA theme 6 companies write about · 2 as a headwind · 4 as a tailwind

The whole theme swung hardest in 2020: 4 of 6 companies on the "Worse" side.

1 other company's latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026-H1RestatedAnnual report

    「Regarding the other businesses, recruitment needs remained firm overall, and demand from job seekers also remained firm.」

    The recognition continues that both recruitment needs and demand from job seekers remain firm across the recruitment sector as a whole.
  2. FY2024-Q3Higher recruitment demand driven by the 2024 problemAnnual report

    「Regarding the other businesses, recruitment needs remained firm overall and continued at high levels in areas such as construction and driving, partly due to the impact of the “2024 problem” and other factors. Demand from job seekers also remained firm.」

    The “2024 problem” and other factors were newly identified as drivers of the high level of recruitment demand in the construction and driving sectors. Demand from job seekers was also described as firm.
  3. FY2024-Q1RestatedAnnual report

    「Regarding the other businesses, recruitment needs remained firm overall and continued at high levels in areas such as construction and driving. Demand from job seekers also remained firm.」

    Recruitment needs remained firm overall, continued at high levels in the construction and driving sectors, and demand from job seekers was also recognized as firm.
  4. FY2023Expansion of sectors with high recruitment demandAnnual report

    「Regarding the other businesses, recruitment needs remained firm overall and continued at high levels in areas such as construction and driving. Demand from job seekers also remained firm.」

    In addition to the nursing-care and construction sectors and other existing areas, recruitment needs were recognized as high in multiple sectors, including driving, while demand from job seekers remained firm.
  5. FY2023-Q1Addition of recruitment demand and labour shortages in the construction sectorAnnual report

    「Regarding 株式会社Struct, recruitment demand in the construction sector remained high, with a trend toward lower barriers to hiring inexperienced workers. On the user side, labour shortages continued across the industry on average, and demand from job seekers remained firm.」

    In addition to the nursing-care sector and other existing areas, it was indicated that recruitment demand remained high and labour shortages continued in the construction sector.
  6. FY2022RestatedAnnual report

    「Regarding 株式会社ミラクス, against a backdrop of chronic labour shortages in the nursing-care sector, the effective job-offers-to-applicants ratio remained relatively high compared with other industries, and the number of establishments posting vacancies continued to reach record highs.」

    The recognition continues that, against a backdrop of chronic labour shortages and a relatively high effective job-offers-to-applicants ratio in the nursing-care sector, the number of establishments posting vacancies is reaching record highs.
  7. FY2022-Q3RestatedAnnual report

    「Regarding 株式会社ミラクス, against a backdrop of chronic labour shortages in the nursing-care sector, the effective job-offers-to-applicants ratio remained relatively high compared with other industries, and the number of establishments posting vacancies reached a record high.」

    It is stated that chronic labour shortages and a relatively high effective job-offers-to-applicants ratio continued in the nursing-care sector, while the number of establishments posting vacancies on ミラクス reached a record high.
  8. FY2022-Q2Recovery in nursing-care and recruitment demand, and record number of contracted establishmentsAnnual report

    「Regarding 株式会社リジョブ, recruitment needs have recovered gradually as the number of salon customers has increased, and the recruitment rate has also been recovering gradually. The number of contracted establishments increased steadily, reaching a record high.」

    Specific conditions were indicated for recruitment demand driven by structural labour shortages, including a recovery in recruitment needs, a recovery in the recruitment rate and a record number of contracted establishments.
  9. FY2022-Q1Specific evidence of tight supply and demand in the nursing-care sectorAnnual report

    「Against a backdrop of chronic labour shortages in the nursing-care sector, the effective job-offers-to-applicants ratio remained relatively high compared with other industries even during the COVID-19 pandemic, and the number of contracted establishments increased steadily.」

    The previous recognition of structural labour shortages and tight supply and demand in the recruitment market was developed into specific conditions in the nursing-care sector, where the effective job-offers-to-applicants ratio remained relatively high even during the COVID-19 pandemic and the number of contracted establishments increased.
  10. FY2021-Q3Further specification of the continuity of the recovery in recruitment demandAnnual report

    「At Rejob, operated by our Group, the number of new contracts and customers resuming use remained above the year-earlier level for 6 consecutive months from July through December 2020.」

    The recovery in recruitment intentions after the state of emergency was specified, with the number of new contracts and customers resuming use on Rejob exceeding the year-earlier level for 6 consecutive months from July through December 2020.
  11. FY2021-Q2Progress in the recovery of recruitment demandAnnual report

    「After the state of emergency in April and May 2020, recruitment intentions began to recover gradually. At Rejob, operated by our Group, the number of new contracts in the cumulative consolidated period through the second quarter under review recovered substantially year on year, while the number of customers resuming use also continued to increase.」

    After the sharp decline in recruitment demand caused by the spread of infection and the state of emergency, a recovery in recruitment intentions, the number of new contracts and the number of customers resuming use was indicated.
  12. FY2021-Q1Sharp decline in recruitment demand during the pandemic and signs of recoveryAnnual report

    「Regarding the external environment in this area, during the state of emergency in April and May 2020, customers in industries such as hair and beauty, relaxation and food service were forced to close their businesses, resulting in a sharp short-term decline in recruitment demand. After the state of emergency was lifted, however, recruitment intentions began to recover gradually. On Rejob, the combined number of customers entering into new contracts or resuming use recovered in June alone to approximately the 2019 full-year average, and the business had begun building revenue again after bottoming out in May.」

    In addition to the market view based on structural labour shortages, the description covered the sharp decline in recruitment demand during the state of emergency and the subsequent recovery in recruitment intentions and the number of Rejob customers.
  13. FY2020Addition of weaker demand due to the spread of infectionAnnual report

    「Meanwhile, the growth rate of total recruitment spending has slowed, as the total number of recruitment advertisements has remained flat. In addition, our Group believes that the spread of COVID-19 toward the end of the fiscal year under review, together with restrictions on economic activity, has led companies to place greater emphasis on advertising effectiveness when placing advertisements.」

    In addition to the structural tightness of supply and demand in the recruitment market, the spread of infection and restrictions on economic activity were added as factors affecting advertising placements and recruitment demand.
  14. FY2020-Q3RestatedAnnual report

    「Regarding the external environment in this area, demand increased as a result of the government-led work-style reforms and supply declined as a result of the falling working-age population, leaving Japan's recruitment market in a situation of tight supply and demand.」

    It is stated that tight supply and demand in the recruitment market continues to be the current situation, against a backdrop of higher demand resulting from the work-style reforms and lower supply resulting from the decline in the working-age population.
  15. FY2020-Q2Tight supply and demand becomes the current situationAnnual report

    「Regarding the external environment in this area, demand increased as a result of the government-led work-style reforms and supply declined as a result of the falling working-age population, leaving Japan's recruitment market in a situation of tight supply and demand.」

    The description changed from the previous outlook that “further tightening of supply and demand is expected” to a recognition that the recruitment market is already experiencing tight supply and demand.
  16. FY2020-Q1Return to the outlook for further tightening of supply and demandAnnual report

    「Regarding the external environment in this area, demand is expected to increase as a result of the government-led work-style reforms, while supply is expected to decline as a result of the falling working-age population, and further tightening of supply and demand is expected in Japan's recruitment market.」

    The wording has returned to the previous expression indicating that additional tightening of supply and demand in the recruitment market is expected, rather than the “persistence of tight supply and demand” stated in the previous filing.
  17. FY2019-Q3SoftenedAnnual report

    「Regarding the external environment in this area, the government-led work-style reforms are expected to increase demand and the decline in the working-age population is expected to reduce supply, resulting in sustained tightness in supply and demand in Japan's recruitment market.」

    The wording changed from the previous “further tightening of supply and demand is expected” to “tightness in supply and demand is expected to persist,” indicating continuity rather than additional tightening.
  18. FY2019-Q2RestatedAnnual report

    「Regarding the external environment in this area, demand is expected to increase as a result of the government-led work-style reforms, while supply is expected to decline as a result of the falling working-age population, and further tightening of supply and demand is expected in Japan's recruitment market.」

    The outlook for tighter supply and demand in the recruitment market, driven by higher demand resulting from the work-style reforms and lower supply resulting from the decline in the working-age population, remains unchanged.
  19. FY2019-Q1RestatedAnnual report

    「Regarding the external environment in this area, demand is expected to increase as a result of the government-led work-style reforms, while supply is expected to decline as a result of the falling working-age population, and further tightening of supply and demand is expected in Japan's recruitment market.」

    The outlook for tighter supply and demand in the recruitment market, driven by higher demand resulting from the work-style reforms and lower supply resulting from the decline in the working-age population, remains unchanged.
  20. FY2018-Q3RestatedAnnual report

    「The external environment in this area was a tailwind for our Group, as the shortage of labour remained structurally severe. Demand is expected to increase as a result of the government-led work-style reforms, while supply is expected to decline as a result of the falling working-age population, and further tightening of supply and demand is expected in Japan's recruitment market.」

    The outlook for tighter supply and demand in the recruitment market, driven by structural labour shortages, higher demand resulting from the work-style reforms and lower supply resulting from the decline in the working-age population, remains unchanged.
  21. FY2018-Q2RestatedAnnual report

    「The external environment in this area was a tailwind for our Group, as the shortage of labour remained structurally severe. Demand is expected to increase as a result of the government-led work-style reforms, while supply is expected to decline as a result of the falling working-age population, and further tightening of supply and demand is expected in Japan's recruitment market.」

    The outlook for tighter supply and demand in the recruitment market, driven by structural labour shortages, higher demand resulting from the work-style reforms and lower supply resulting from the decline in the working-age population, remains unchanged.
  22. FY2018-Q1Specific factors behind tighter supply and demandAnnual report

    「The external environment in this area was a tailwind for our Group, as the shortage of labour remained structurally severe. Demand is expected to increase as a result of the government-led work-style reforms, while supply is expected to decline as a result of the falling working-age population, and further tightening of supply and demand is expected in Japan's recruitment market.」

    In addition to structural labour shortages, higher demand resulting from the work-style reforms and lower supply resulting from the decline in the working-age population were identified as specific factors behind tighter supply and demand, with further tightening expected.
  23. FY2017-Q3Addition of structural factors and the outlook for tighter supply and demandAnnual report

    「Demand is expected to increase as a result of the government-led work-style reforms, while supply is expected to decline as a result of the working-age population. Accordingly, we expect further tightening of supply and demand in Japan's recruitment market. We believe this makes it highly likely that the recruitment advertising market has entered a structurally expanding phase rather than a cyclical one.」

    In addition to the existing structural labour shortages and market expansion, further tightening of supply and demand driven by the work-style reforms and declining supply from the working-age population was indicated, along with the possibility that the market has entered a structurally expanding phase.
  24. FY2017-Q2RestatedAnnual report

    「The external environment in this area was a strong tailwind for our Group, as the shortage of labour remained structurally severe and the recruitment advertising market expanded.」

    Structural labour shortages and the expansion of the recruitment advertising market continue to be described as tailwinds for the recruitment sector.
  25. FY2017-Q1First statedAnnual report

    「The external environment in this area was a strong tailwind for our Group, as the recruitment advertising market expanded amid structural labour shortages.」

    Structural labour shortages are cited as the background to market expansion in the recruitment sector.
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ZIGExN's next results are scheduled for 2026-11-12. Read the earnings preview It last moved in the Earnings of 2026-08-13: "Restated".
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Expansion of the Job Advertising Market Driven by Structural Labor Shortages | ZIGExN Co.,Ltd. (3679) | Komori