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HITO-Communications Holdings (4433) · InitiativeRestated

Improving Profitability in Response to Legal Amendments Relating to Equal Pay for Equal Work

First written in FY2020-Q3. 1 of 3 entries say "Advanced", first in FY2020. Latest entry: FY2021.

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ProgressHeldSoftenedWorseFirst statedFY2020-Q3AdvancedFY20202020: 220202021: 12021
Same theme, other companies
Improving Temporary Staff Treatment and Billing Rates Through Equal Pay for Equal Work ComplianceA theme 3 companies write about · 0 as a headwind · 3 as a tailwind

0 other companies' latest entry also says "Restated".

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  1. FY2021RestatedAnnual report

    「In the staffing services business, the company will work to secure staff, enhance its training system further, improve the quality and quantity of its staff, and expand primarily in the consumer electronics, store services, and logistics fields.」

    The Company continues to strengthen the revenue structure and operations of its staffing business through enhanced training programs and expansion into new business fields.
  2. FY2020AdvancedAnnual report

    「In the staffing business, difficult conditions continued in the labor market, including an increase in employees on leave, due to the deterioration in the employment environment caused by COVID-19. During the consolidated fiscal year, the Company reviewed its revenue structure in response to legal amendments related to equal pay for equal work, but demand for tour escort staffing declined substantially, particularly in the tourism industry.」

    The Company reviewed its revenue structure in response to legal amendments related to equal pay for equal work, which was described as a full-year initiative.
  3. FY2020-Q3First statedAnnual report

    「Although the company sought to improve profitability in response to amendments to legislation related to equal pay for equal work, operations were scaled back due to a substantial decline in demand for tour-conductor staffing, particularly in the tourism industry, as well as the impact of client store closures and shortened business hours in other fields.」

    The company's response to amendments to legislation related to equal pay for equal work was described for the first time as a measure to improve profitability.
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Improving Profitability in Response to Legal Amendments Relating to Equal Pay for Equal Work | HITO-Communications Holdings,Inc. (4433) | Komori