Worsening Labor Shortages
First written in FY2017-Q2. 3 of 6 entries say "Worsened", first in FY2018-Q2. Latest entry: FY2020.
Sun A.Kaken moved to the "Worse" side of this theme in 2017, 6 years before the typical company in this theme (2023).
The whole theme swung hardest in 2025: 15 of 29 companies on the "Worse" side.
5 other companies' latest entry also says "Dropped".
- FY2020DroppedAnnual reportThe worsening labor shortage and rising labor costs, which had been noted through the previous period, are not mentioned individually in the business environment section of this filing.
- FY2019WorsenedAnnual report
「Meanwhile, in Japan, personal consumption recovered as employment conditions improved, and the economy was on a gradual recovery path, supported by higher corporate earnings and solid capital investment. However, from the start of the year, the economy weakened due to rising labor costs associated with the worsening labor shortage and the slowdown in the Chinese economy, among other factors.」
The worsening labor shortage, accompanied by rising labor costs, was cited as a factor weakening the economy. - FY2019-Q3RestatedAnnual report
「In the Japanese economy, the economy is on a moderate recovery track due to a recovery in consumer spending and capital investment and increased exports. However, the pace of the recovery has begun to slow due to higher labour costs associated with increasingly severe labour shortages, natural disasters and the effects of US-China trade friction.」
The increasingly severe labour shortages and the resulting rise in labour costs continue to be identified as factors slowing the pace of the economic recovery. - FY2019-Q2WorsenedAnnual report
「In the Japanese economy, corporate earnings had improved and the economy had been on a moderate recovery track, supported by a recovery in consumer spending and capital investment and resilient domestic and external demand. However, the recovery has begun to lose momentum amid increasingly severe labour shortages and the resulting rise in labour costs, higher crude oil prices, repeated natural disasters and intensifying US-China trade friction.」
The report identifies increasingly severe labour shortages accompanied by higher labour costs and explicitly states their impact on the economic recovery. - FY2018-Q2WorsenedAnnual report
「In the Japanese economy, pressure for wage increases is building as labour shortages become more pronounced. However, the economy is gradually recovering, as corporate earnings improve with increased exports and investment in construction expands through capital investment and growth in the number of visitors to Japan.」
The report states that labour shortages in Japan are becoming more pronounced and pressure for wage increases is building, indicating that the previously identified labour-shortage risk has intensified. - FY2017-Q2First statedAnnual report
「Although labour shortages have become more severe in some industries, this has not led to higher wages, and weak consumer spending continues.」
The worsening of labour shortages in some industries is identified for the first time as an external-environment risk for the domestic economy.