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Himacs (4299) · RiskMaterialised

Development cost pressure from rising outsourcing rates

First written in FY2018-Q1. 9 of 18 entries say "Restated". Latest entry: 2026-08-14.

18entries
10years
4from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2018-Q1 – FY2019-Q3RestatedFY2023-Q2 – FY2023MaterialisedFY2024 – 2026-08-142017: 220172018: 420182019: 120192020: 020202021: 020212022: 220222023: 220232024: 120242025: 120252026: 52026
Same theme, other companies
Difficulty Securing Engineers at Outsourcing Providers and Rising CostsA theme 26 companies write about · 26 as a headwind · 0 as a tailwind

Himacs moved to the "Worse" side of this theme in 2024, 5 years after the typical company in this theme (2019).

The whole theme swung hardest in 2026: 2 of 10 companies on the "Worse" side.

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

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.
Showing 14 of the 26 companies compared. The sentences above are computed from all 26.
Full recordFilings, disclosures and news, newest first
  1. FY2026MaterialisedAnnual report

    「Operating profit was ¥1,562 million, down ¥245 million, or 13.5%, from ¥1,807 million in the previous consolidated fiscal year. Although improvements in selling prices and other factors increased profit by ¥234 million, expenses increased by ¥346 million due to revised rates charged by business partners and higher personnel costs, while selling, general and administrative expenses increased by ¥133 million due to temporary costs associated with personnel investments and the acquisition of a company.」

    Expenses increased by ¥346 million due to revised business partner rates and higher personnel costs, and operating profit declined 13.5% year on year. Outsourcing and personnel cost pressure has been quantified in its impact on profit.
  2. FY2026-H1MaterialisedAnnual report

    「On the profit side, the company worked to improve selling prices and otherwise enhance profitability. However, operating profit was ¥682 million, down 15.2% year on year, ordinary profit was ¥697 million, down 14.0%, and interim profit attributable to owners of the parent was ¥472 million, down 14.7%, due partly to stronger investment in human resources, including higher salary levels, active hiring and a review of outsourcing rates.」

    Increased investment in personnel for partner companies and employees, including revisions to outsourcing rates, was identified as one factor reducing profit, and operating profit declined 15.2% from the first half of the previous year. Development cost pressure is having an actual impact on earnings.
  3. FY2024MaterialisedAnnual report

    「Operating profit was ¥1,719 million, down ¥114 million, or 6.2%, from the previous consolidated fiscal year. Although improvements in productivity increased gross profit by ¥176 million, the main factors behind the decline in profit included a ¥109 million increase in outsourcing rates, a ¥58 million increase in new graduate recruitment and training investments, and a ¥122 million increase in information technology investment to strengthen the company's operating base.」

    The company quantified higher outsourcing rates as a ¥109 million factor reducing profit and stated that development cost pressure resulting from the shortage of engineers had an actual impact on profit.
  4. FY2023RestatedAnnual report

    「Net sales for the consolidated fiscal year were ¥17,331 million, up 3.9% year on year. Although higher outsourcing rates and other factors put pressure on profits, operating profit increased 6.8% year on year to ¥1,833 million, owing to improvements in productivity and quality, among other factors.」

    While higher outsourcing rates continued to put pressure on profits, operating profit increased as a result of improvements in productivity and quality.
  5. FY2023-Q3RestatedAnnual report

    「Although there were factors putting pressure on profits, including higher outsourcing rates, the company worked to improve productivity and quality and sought to secure profits.」

    The company stated that higher outsourcing rates continued to put pressure on profits. At the same time, it stated that it worked to improve productivity and quality to secure profits.
  6. FY2023-Q2RestatedAnnual report

    「Although there were factors putting pressure on profits, including higher outsourcing rates, the company worked to improve productivity and quality and sought to secure profits.」

    The company stated that higher outsourcing rates continued to put pressure on profits.
  7. FY2023-Q1MaterialisedAnnual report

    「In addition to continuing to invest in human capital, including the development of project leaders (PLs), the company faced factors that pressured profits, such as higher outsourcing rates. However, it worked to improve productivity and quality and secure profits.」

    The company stated that higher outsourcing rates had actually emerged as a factor putting pressure on profits. At the same time, it stated that it worked to improve productivity and quality to secure profits.
  8. FY2019-Q3RestatedAnnual report

    「As the shortage of development personnel became more acute, supply and demand remained tight, and outsourcing rates were on an upward trend.」

    The company continued to disclose the upward trend in outsourcing rates resulting from the shortage of development personnel.
  9. FY2019-Q2RestatedAnnual report

    「As the shortage of development personnel became more acute, supply and demand remained tight, and outsourcing rates were on an upward trend.」

    The company continued to disclose the upward trend in outsourcing rates resulting from the shortage of development personnel.
  10. FY2019-Q1RestatedAnnual report

    「As the shortage of development personnel became more acute, supply and demand remained tight, and outsourcing rates were on an upward trend.」

    The company continued to disclose the upward trend in outsourcing rates resulting from the shortage of development personnel.
  11. FY2018RestatedAnnual report

    「In the information services industry, the importance of strategic IT use looking to the future has increased amid advances in technological innovation, including IoT, big data, AI and cloud computing. The industry was generally firm. Meanwhile, the shortage of development personnel continued and outsourcing rates trended upward.」

    The upward trend in outsourcing rates resulting from the shortage of development personnel was also disclosed for the full fiscal year.
  12. FY2018-Q3RestatedAnnual report

    「In the information services industry, the importance of strategic IT use looking to the future has increased amid advances in technological innovation, including IoT, big data, AI and cloud computing. The industry was generally firm, while the shortage of development personnel continued and outsourcing rates trended upward.」

    The upward trend in outsourcing rates resulting from the shortage of development personnel continued to be identified as a cost-environment risk, following the previous quarter.
  13. FY2018-Q2RestatedAnnual report

    「In the information services industry, the importance of strategic IT use looking to the future has increased amid advances in technological innovation, including IoT, big data, AI and cloud computing. The industry was generally firm, while the shortage of development personnel continued and outsourcing rates trended upward.」

    The upward trend in outsourcing rates resulting from the shortage of development personnel continued to be identified as a cost-environment risk, following the previous quarter.
  14. FY2018-Q1First statedAnnual report

    「The shortage of development personnel continued, and outsourcing rates were on an upward trend.」

    The upward trend in outsourcing rates resulting from the shortage of development personnel was identified as a new cost-environment risk.
Moved together

"Building a Foundation for Growth with a View to the Next 5 to 10 Years and Achieving the Medium- to Long-Term Management Plan" moved the same way as this thread, in the same document, in 3 of its 18 moves.

32222★12345
  1. ★This thread
  2. 1Building a Foundation for Growth with a View to the Next 5 to 10 Years and Achieving the Medium- to Long-Term Management Plan3×
  3. 2Reforming the business portfolio around key customers and expanding business areas2×
  4. 3Shortage of Development Personnel in the Information Services Industry2×
  5. 4Risk of unprofitability due to increased development effort, functional improvements and defect repairs2×
  6. 5Concentration of Revenue in September and March and Risk of Delivery Delays2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Himacs yet. It last moved in the Earnings presentation of 2026-08-14: "Materialised".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Development cost pressure from rising outsourcing rates | HIMACS,Ltd. (4299) | Komori