Business Operations Risk from Labor Shortages
First written in FY2019-Q1. 4 of 12 entries say "Materialised", first in FY2019-Q2. Latest entry: FY2026.
Asahi Yukizai moved to the "Worse" side of this theme in 2018, 6 years before the typical company in this theme (2024).
The whole theme swung hardest in 2018: 5 of 16 companies on the "Worse" side.
16 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Our group recognizes that the shortage of human resources is a problem resulting from the rapid expansion of our existing businesses. The loss of personnel is also expected to pose a risk by hindering the transfer of skills and know-how and reducing the company’s growth potential.」
The group continues to recognize the risks that personnel shortages and attrition pose to the transfer of skills and the company’s growth potential. It is advancing recruitment and organizational development through new-graduate and career hiring, town hall meetings, coaching projects, and other initiatives. - FY2026-H1MaterialisedAnnual report
「Although demand for the delivery of equipment to newly built semiconductor plants in China remained strong, projects in the semiconductor plant construction sector continued to be reviewed or postponed in Japan and overseas because of labor shortages and the uncertain economic environment in the United States. Overall, this resulted in lower revenue.」
Labor shortages led to the review and postponement of semiconductor plant construction projects, directly affecting business operations as a factor behind the company-wide decline in revenue. - FY2025MitigatedAnnual report
「The loss of personnel may hinder the transfer of skills and know-how, and the retirement of younger and mid-career employees in particular is expected to pose a risk to the company’s growth potential. In addition to proactively raising base salaries and enhancing employee benefits, our group is working to retain personnel by introducing an elder system under which senior employees support the development of new hires, enhancing training programs and self-development support courses, improving the working environment, and establishing consultation services through external organizations.」
The shortage and loss of personnel continue to be recognized as problems and risks, while measures to retain employees, including base salary increases, employee benefits, the elder system, training, self-development support, and consultation services, have been expanded. - FY2025-H1MaterialisedAnnual report
「In the United States, business remained solid in areas such as water treatment and landfill, but semiconductor-related operations were significantly affected by reviews and postponements of factory construction due to soaring material prices, labor shortages and other factors.」
Labor shortages led to the review and postponement of US semiconductor-related plant construction projects, with an actual impact on business performance. - FY2024WorsenedAnnual report
「Our group recognizes that the shortage of human resources has become a serious problem as our existing businesses expand rapidly. In addition to hiring new graduates, we are working to secure personnel by increasing mid-career hiring and introducing a referral recruitment program, under which employees refer candidates.」
The rapid expansion of existing businesses was identified as making the shortage of human resources a “serious problem.” Expanding new-graduate and mid-career hiring, together with a referral recruitment program, are being used as countermeasures. - FY2022RestatedAnnual report
「To address challenges including labor shortages and the transfer of technology in piping-material installation, the company will train plastic-processing contractors, provide technical support, develop installation technologies and expand its nationwide network of plastic-processing contractors.」
The company continues to recognize labor shortages and the transfer of technology as operational challenges and states that it will address them by training processing contractors, providing technical support and expanding its network. - FY2021ReframedAnnual report
「The loss of personnel may hinder the transfer of skills and know-how. The company anticipates a risk of reduced growth potential, particularly as the departure of young and mid-career employees increases.」
The risk assessment expanded from the previous risks of construction delays and other effects of labor shortages to include the retention of personnel, including the departure of young and mid-career employees, the transfer of skills and know-how, and reduced growth potential. - FY2020-Q1MaterialisedAnnual report
「Although the company is strengthening customer-focused sales activities by capitalizing on the strengths of its corrosion-resistant piping materials, sales declined broadly, particularly for core products such as valves, due to delays in completing construction caused by labor shortages and other factors, the postponement of investment in construction projects generally, and weak demand for semiconductor equipment in East Asia.」
Labor shortages materialized as delays in completing construction and contributed to lower sales of core products in the Piping Materials Systems business. - FY2019RestatedAnnual report
「The impact of soaring raw material prices, shortages of some materials and labor shortages continued.」
The company states that the impact of labor shortages continued alongside soaring raw material prices and material shortages. - FY2019-Q3RestatedAnnual report
「Meanwhile, the company continues to be affected by higher raw material prices, shortages of some materials and labor shortages.」
The company stated that it continued to be affected by labor shortages, indicating that the risk to business operations remains ongoing. - FY2019-Q2MaterialisedAnnual report
「Meanwhile, the company continued to be affected by higher raw material prices, shortages of some materials and labor shortages.」
The company stated that it continued to be affected by labor shortages, indicating that business-environment risks had materialized in its actual operations. - FY2019-Q1First statedAnnual report
「The impact of labor shortages also continued.」
The company identifies the continuing impact of labor shortages as a new risk in the business environment.