Higher cleaning costs due to labor shortages
First written in FY2020-Q2. 2 of 4 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2023: 4 of 8 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「For cleaning operations, the per-room cleaning rate may rise due to labor shortages. For linen operations, laundry costs may surge as a result of higher crude oil prices, potentially affecting the Company's performance and financial condition.」
The risks of higher cleaning rates due to labor shortages and higher linen laundry costs due to higher crude oil prices were reiterated. - FY2023WorsenedAnnual report
「There were also factors putting downward pressure on profit, including higher labor costs and room cleaning costs due to labor shortages.」
Higher room cleaning costs due to labor shortages were cited as a factor putting downward pressure on profit. - FY2020RestatedAnnual report
「For cleaning operations, the per-room cleaning rate may rise due to labor shortages. For linen operations, laundry costs may surge as a result of higher crude oil prices, potentially affecting the performance and financial condition of the Group.」
The risk of higher cleaning rates due to labor shortages continued to be disclosed, and the possibility of higher linen costs was also indicated. - FY2020-Q2First statedAnnual report
「In terms of expenses, cleaning costs rose due to labor shortages, while operating costs, including sales commissions, also increased.」
Labor shortages have materialized as higher cleaning costs, increasing expenses.