Risks from Labor Shortages, Rising Personnel Costs and the Recruitment and Development of Talent
First written in FY2023. 2 of 3 entries say "Restated". Latest entry: FY2024-Q3.
The whole theme swung hardest in 2025: 15 of 29 companies on the "Worse" side.
19 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「As global inflation, a weaker yen, and geopolitical risks continue, rising costs for materials, labor, and energy are putting pressure on corporate profits.」
The situation in which broad-based cost increases, including labor costs, put pressure on corporate profits continues. - FY2024-Q1RestatedAnnual report
「The decline in demand for information and communications equipment and other products resulting from weaker global demand for personal computers and smartphones, tight labor markets, persistently high energy prices, rising resource and materials prices, and higher logistics costs are among the worldwide cost increases having a major impact on the real economy.」
Tight labor markets continued to be identified as a business-environment issue, and risks relating to securing talent and labor costs remain. - FY2023First statedAnnual report
「Labor shortages and rising personnel costs due to the decline in Japan’s working-age population and the progression of the declining birthrate and aging population have become major issues. Securing and developing talented personnel is essential if the Group is to continue expanding its businesses, but failure to secure or develop such personnel, or continued increases in personnel costs, could adversely affect the Group’s business performance and financial condition.」
Labor shortages and rising personnel costs associated with demographic changes are identified as a standalone business risk linked to the recruitment and development of talent.