Business Conditions in the Long-Term Care Industry and Demand Decline Following the Revision of Long-Term Care Reimbursement
First written in FY2019. 1 of 2 entries say "Dropped", first in FY2021-Q3. Latest entry: FY2021-Q3.
The whole theme swung hardest in 2020: 14 of 21 companies on the "Worse" side.
1 other company's latest entry also says "Dropped".
- FY2021-Q3DroppedAnnual report
「Our group's business related to Filipinos residing in Japan included staffing and recruitment referral services primarily targeting Filipinos residing in Japan. In November 2020, we entered into an agreement with Global Trust Networks Co., Ltd. to transfer the staffing and recruitment referral businesses, and completed the transfer on 1 January 2021. As a result, the risks described in the securities report for the previous fiscal year under “(4) Risks Relating to the Business Related to Filipinos Residing in Japan: ① Regulations, etc. in Japan, ② Securing Personnel, and ③ Current Status of the Nursing Care Industry” have ceased to apply.」
It is expressly stated that the risks relating to conditions in the nursing care industry and revisions to nursing care fees ceased to exist upon completion of the transfer of the human resources-related business. - FY2019First statedAnnual report
「Our group's recruitment and staffing placements are primarily with nursing care operators. Under the Long-Term Care Insurance Act, nursing care fees are currently revised once every 3 years. If a revision reduces these fees, demand for recruitment and staffing may decline as major business partners in the nursing care sector scale back operations or cut expenses, which may affect our group's financial condition, operating results and other aspects.」
A new risk was explicitly identified that nursing care fees are revised once every 3 years and that demand for personnel among nursing care operators may decline when fees are reduced.