Declining birthrate, population aging and labor shortages
First written in FY2016. 17 of 30 entries say "Restated". Latest entry: 2026-11-05.
Chukyo Iyakuhin moved to the "Worse" side of this theme in 2018, 6 years before the typical company in this theme (2024).
The whole theme swung hardest in 2025: 17 of 66 companies on the "Worse" side.
23 other companies' latest entry also says "Worsened".
- 2026-11-05WorsenedResults
「持続的な賃上げへの対応や採用コストの上昇、仕入・物流価格の高止まりなど、厳しい経営環境が継続いたしました。」
賃上げ、採用コスト、仕入・物流価格の上昇が厳しい経営環境として引き続き示された。 - FY2026RestatedAnnual report
「Meanwhile, uncertainty about the outlook is increasing because of factors including the protracted conflicts in other countries, soaring raw-material and energy prices caused by the weaker yen, higher prices for food and other goods resulting from climate change and other factors, and rising labor costs caused by labor shortages.」
Risks to the operating environment, including labor shortages, rising labor costs, and higher prices, continue to be identified. - 2026-05-13RestatedResults
「当業界におきましても、消費の回復傾向は見られるものの、人手不足や賃金コストの上昇、仕入・物流コストの増加など経営環境への厳しい状況が続きました。」
人手不足、賃金コスト、仕入・物流コストの上昇が引き続き厳しい経営環境として記載されている。 - FY2026-H1WorsenedAnnual report
「Although signs of a recovery in consumption were seen in this industry as well, challenging conditions in the operating environment continued because of the worsening labor shortage, rising wage costs, and higher procurement and logistics costs.」
The worsening labor shortage, rising wage costs, and higher procurement and logistics costs continue to create a challenging operating environment for the industry. - FY2025MaterialisedAnnual report
「Meanwhile, uncertainty about the outlook is increasing because of factors including the protracted conflicts in other countries, soaring raw-material and energy prices caused by the weaker yen, higher prices for food and other goods resulting from climate change and other factors, and rising labor costs caused by labor shortages.」
Labor shortages and rising labor costs are identified as actual factors of concern for the operating environment, indicating that the previously identified labor-shortage risk continues to materialize. - FY2025-H1MaterialisedAnnual report
「However, although productivity per employee improved, revenue and segment profit declined because of the shortage of sales staff.」
The shortage of sales staff continues to be reflected in actual results as a factor behind declines in retail-division revenue and segment profit. - FY2024MaterialisedAnnual report
「Although signs of a recovery in personal consumption were seen in this industry as well, the challenging conditions continued as concerns about the operating environment persisted, reflecting the emergence of new risks such as soaring raw-material prices, the weaker yen, higher procurement and logistics costs, labor shortages, and rising wage costs.」
Labor shortages and rising wage costs are identified as actual factors of concern for the operating environment, together with raw-material and logistics costs and other factors. - FY2024-Q3RestatedAnnual report
「During the cumulative third-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes are identified in existing risks, including the declining birthrate and aging population and labor shortages. - FY2024-Q2RestatedAnnual report
「During the cumulative second-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes are identified in existing risks, including the declining birthrate and aging population and labor shortages. - FY2023MaterialisedAnnual report
「Meanwhile, expenses increased because of the sharp depreciation of the yen, rising prices, amortization of goodwill, and measures to address labor shortages accompanying the normalization of economic conditions. Although the Company revised selling prices and made other changes, the time lag before their effects emerged put pressure on profit.」
The Company states that measures to address labor shortages put pressure on profit through higher expenses, indicating that the previously identified labor-shortage risk has materialized in results. - FY2023-Q3RestatedAnnual report
「During the cumulative third-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes are identified in existing risks, including the declining birthrate and aging population and labor shortages. - FY2023-Q2RestatedAnnual report
「During the cumulative second-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes are identified in existing risks, including the declining birthrate and aging population and labor shortages. - FY2022MaterialisedAnnual report
「However, revenue declined because of the shortage of sales employees and heightened customer awareness of prevention, together with lower use of cold medicines and other products.」
The previously identified risks related to the decline in the working-age population and the shortage of sales staff have materialized in actual results as a factor behind the retail division's revenue decline through the shortage of sales employees. - FY2021-Q3RestatedAnnual report
「In addition to actively recruiting sales staff, the Company sought to improve operational efficiency and working arrangements in response to the decline in the working-age population accompanying the declining birthrate and aging population and the implementation of the national policy known as work-style reform.」
The decline in the working-age population continues to be identified as a business challenge, with the Company stating that it will respond through recruitment and improvements in operational efficiency. - FY2021-Q2RestatedAnnual report
「In addition to actively recruiting sales staff, the Company sought to improve operational efficiency and working arrangements in response to the decline in the working-age population accompanying the declining birthrate and aging population and the implementation of the national policy known as work-style reform.」
The decline in the working-age population continues to be treated as a business premise and challenge, with the Company responding through recruitment and improvements in operational efficiency. - FY2021-Q1RestatedAnnual report
「In addition to actively recruiting sales staff, the Company sought to improve operational efficiency and working arrangements in response to the decline in the working-age population accompanying the declining birthrate and aging population and the implementation of the national policy known as work-style reform.」
The decline in the working-age population continues to be treated as a business premise and challenge, with the Company responding through recruitment and improvements in operational efficiency. - FY2020MaterialisedAnnual report
「This was mainly because, in the household medicines and other sales business (retail division), the Company introduced new products under its medium-term management plan and for its 70th anniversary and improved sales efficiency by introducing direct travel between customers and returning directly home, but revenue declined partly because of the decrease in sales staff.」
In connection with the risks of a declining birthrate and aging population and a shrinking working-age population, the decrease in sales staff is identified as an actual factor behind the decline in revenue. - FY2020-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes are identified in social-environment risks such as the declining birthrate and aging population and labor shortages. - FY2020-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes are identified in social-environment risks such as the declining birthrate and aging population and labor shortages. - FY2019MaterialisedAnnual report
「Revenue declined because the increase in the proportion of new employees hired to replenish the shortage of sales staff lowered productivity per employee, while damage to customers and disruptions to sales activities caused by natural disasters such as the torrential rains in western Japan and the 2018 Hokkaido Eastern Iburi earthquake also had an impact.」
Even after the shortage of sales staff was replenished, the higher proportion of new employees lowered productivity per employee, contributing to the decline in revenue. - FY2019-Q3WorsenedAnnual report
「Meanwhile, labor shortages at individual companies continue.」
The labor shortage is identified as continuing, with impacts on sales staff and employee training also indicated. - FY2019-Q1WorsenedAnnual report
「Meanwhile, labor shortages at individual companies continue.」
The labor shortage continues. In addition, a year-on-year decline in sales staff and a decline in revenue are identified, indicating that the previously identified risk continues to affect business operations. - FY2018MaterialisedAnnual report
「Revenue was ¥5,493 million, down 6.4% from the previous fiscal year, due to labor shortages and the conversion of company-operated sales offices to franchise operations.」
The labor shortage identified previously has materialized in actual results as a factor behind the decline in revenue for the fiscal year. - FY2018-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes are identified in social-environment risks such as the declining birthrate and aging population and labor shortages. - FY2018-Q1RestatedAnnual report
「The market and social environment is also undergoing steady social change, including declining birth rates and population aging over the long term, shortages of younger workers, greater participation by women and active seniors in society, and an increase in the number of people aged 75 and over.」
Social changes such as the declining birthrate and aging population, labor shortages, greater participation by women and seniors in society, and the growing number of people aged 75 and over continue to be identified. - FY2017RestatedAnnual report
「The market and social environment is also undergoing steady social change, including declining birth rates and population aging over the long term, shortages of younger workers, greater participation by women and active seniors in society, and an increase in the number of people aged 75 and over.」
Social changes such as the declining birthrate and aging population, labor shortages, greater participation by women and seniors in society, and the growing number of people aged 75 and over continue to be identified. - FY2017-Q3RestatedAnnual report
「The market and social environment is also undergoing steady social change, including declining birth rates and population aging over the long term, shortages of younger workers, greater participation by women and active seniors in society, and an increase in the number of people aged 75 and over.」
Social changes such as the declining birthrate and aging population, labor shortages, and the growing number of people aged 75 and over continue to be identified as challenges in the business environment. - FY2017-Q2RestatedAnnual report
「The market and social environment is also undergoing steady social change, including declining birth rates and population aging over the long term, shortages of younger workers, greater participation by women and active seniors in society, and an increase in the number of people aged 75 and over.」
Social changes such as the declining birthrate and aging population, labor shortages, and the growing number of people aged 75 and over continue to be identified as challenges in the business environment. - FY2017-Q1RestatedAnnual report
「The market and social environment is also undergoing steady social change, including declining birth rates and population aging over the long term, shortages of younger workers, greater participation by women and active seniors in society, and an increase in the number of people aged 75 and over.」
The company reconfirms changes in the population and labor environment, including declining birth rates, population aging and labor shortages. - FY2016First statedAnnual report
「The market and social environment is undergoing steady social change, including declining birth rates and population aging over the long term, shortages of younger workers, greater participation by women and active seniors in society, and an increase in the number of people aged 75 and over.」
Changes in population structure and the labor force are described as business-environment risks and issues requiring a response.