Labor Shortages, Particularly Among Small and Medium-Sized Enterprises
First written in FY2018-Q1. 5 of 6 entries say "Materialised", first in FY2019. Latest entry: FY2020.
Fukoku moved to the "Worse" side of this theme in 2019, 1 year before the typical company in this theme (2020).
The whole theme swung hardest in 2025: 36 of 59 companies on the "Worse" side.
16 other companies' latest entry also says "Materialised".
- FY2020MaterialisedAnnual report
「In terms of earnings, the impact of higher cost ratios, including labor costs, was significant, resulting in a loss of ¥171 million (compared with a profit of ¥41 million in the same period of the previous year).」
Higher labor costs and other factors pressured profit in the metal processing business, which deteriorated from a profit in the same period of the previous year to a loss of ¥171 million. - FY2020-Q3MaterialisedAnnual report
「In terms of earnings, the impact of hiring difficulties and the higher labor cost ratio was significant, resulting in a loss of ¥11 million (compared with a profit of ¥78 million in the same period of the previous year).」
Hiring difficulties and the higher labor cost ratio pressured profit in the metal processing business, which deteriorated from a profit in the same period of the previous year to a loss of ¥11 million. - FY2020-Q2MaterialisedAnnual report
「Meanwhile, segment profit fell 96.6% year on year to ¥2 million due to difficulties in recruiting personnel, a higher labor cost ratio and other factors.」
The pressure on profit in the Metal Processing business from difficulty in recruiting personnel and the higher labor cost ratio has emerged as a substantial 96.6% year-on-year decline in profit. - FY2020-Q1MaterialisedAnnual report
「Meanwhile, segment profit fell 66.8% year on year to ¥8 million due to difficulties in recruiting personnel, a higher labor cost ratio and other factors.」
Difficulty in recruiting personnel and the higher labor cost ratio have actually emerged as factors reducing profit in the Metal Processing business by 66.8% year on year. - FY2019MaterialisedAnnual report
「Meanwhile, segment profit fell 61.6% year on year to ¥41 million due to difficulties in recruiting personnel, higher labor costs and other factors.」
Difficulty in recruiting personnel has actually emerged, together with higher labor costs, as a factor behind the decline in profit in the Metal Processing business. - FY2018-Q1First statedAnnual report
「Meanwhile, amid concerns over labor shortages, particularly at small and medium-sized enterprises, as well as uncertainty surrounding overseas political conditions and geopolitical risks, the situation remains unpredictable.」
It newly identifies labor shortages, particularly at small and medium-sized enterprises, as a factor of concern for domestic economic conditions.