Supply constraints for goods and services caused by labor shortages
First written in FY2024-Q2. 2 of 5 entries say "Materialised", first in FY2025. Latest entry: FY2026.
Smaregi moved to the "Worse" side of this theme in 2025, 2 years after the typical company in this theme (2023).
The whole theme swung hardest in 2025: 15 of 29 companies on the "Worse" side.
2 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「During the consolidated fiscal year from 1 May 2025 to 30 April 2026, economic conditions in the restaurant and other service industries and the retail industry, which are the main users of our POS system, generally remained on a gradual recovery trend. These industries continued to face serious labor shortages and soaring raw material costs, but benefited from strong inbound tourism demand and recovering personal consumption.」
主要顧客業界において、深刻な人手不足が引き続き実際の課題として存在すると記載している。 - 2026-03-13RestatedEarnings
「Although the effects of high prices and labor shortages continued to be observed, the sectors of our main customers remained on a gradual recovery trend, supported by year-end and New Year demand and the capture of external demand from inbound tourism.」
The company states that the effects of labor shortages continue to be observed in its main customer industries. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period from 1 May 2025 to 31 October 2025, economic conditions in the restaurant and other service industries and the retail industry, which are the main users of our POS system, were on a gradual recovery trend, although affected by high prices and labor shortages, supported by the capture of external demand from inbound tourism.」
主要顧客業界では人手不足の影響が引き続き見られると記載しており、人手不足による事業上の制約というリスクを継続している。 - FY2025MaterialisedAnnual report
「人手不足による事業活動への制約が課題となっており」
人手不足が財・サービスの供給制約にとどまらず、主要顧客の事業活動への制約として実際の課題になっていると記載している。 - FY2024-Q2First statedAnnual report
「人手不足による財・サービスの供給に制約がかかる等の景気下振れ要因も多く含まれており」
人手不足によって財・サービスの供給に制約が生じる可能性を、景気下振れ要因として初めて明示している。