Prolonged Labor Shortages
First written in FY2016. 4 of 9 entries say "Restated". Latest entry: 2026-07-31.
Kunimine Industries moved to the "Worse" side of this theme in 2019, 4 years before the typical company in this theme (2023).
The whole theme swung hardest in 2025: 15 of 29 companies on the "Worse" side.
21 other companies' latest entry also says "Restated".
- 2026-07-31RestatedEarnings
「Raw material and logistics costs, among others, are expected to continue rising, and the situation remains unpredictable.」
The company recognizes that the environment of rising costs, including those associated with labor shortages, will continue. - FY2026WorsenedAnnual report
「Although our group's operating environment during the consolidated fiscal year faced challenges including labor shortages and higher logistics costs, wage increases and resilient capital investment supported by strong corporate earnings helped underpin the economy, which generally remained on a moderate recovery track.」
The labor shortage continues to be explicitly identified as an operating-environment challenge and is described as a structural constraint alongside rising logistics costs. - 2026-05-08RestatedEarnings
「We recognize that the highly uncertain business environment will continue, with energy prices expected to rise further and foreign exchange affected by growing tensions in the Middle East, concerns over supply chains due to reduced supplies of petroleum-related products, and a projected increase in structural cost burdens in Japan, including labor shortages and higher logistics and labor costs.」
The company has reaffirmed that labor shortages, alongside higher logistics and labor costs, are structural challenges in the business environment. - FY2026-H1RestatedAnnual report
「Although our group's operating environment during the interim consolidated accounting period faced challenges including labor shortages and higher logistics costs, wage increases and greater capital investment supported the economy, which generally remained on a moderate recovery track.」
Labor shortages continue to be identified as an operating-environment challenge alongside rising logistics costs. - FY2025-H1MaterialisedAnnual report
「Demand for general civil engineering works remained sluggish because of higher construction material prices, labor shortages and other factors, while demand for geothermal applications also paused, resulting in lower revenue in the environmental construction field.」
The labor shortage is cited as a factor behind weak demand for general civil engineering works, indicating that a previously identified operating-environment risk is affecting business performance. - FY2021ReframedAnnual report
「In the Agri Business Division, we will further enhance the technological capabilities developed to date and make effective capital investments to achieve both cost reductions through labor and labor-saving measures and our other objectives.」
The labor shortage is presented not as an independent operating-environment risk, but as an operational challenge to be addressed through investment in labor-saving and labor-reduction measures. - FY2019WorsenedAnnual report
「Although the U.S. economy continues to recover steadily, policy remains unstable. In addition to China's gradual economic slowdown and uncertainty over the outlook for emerging Asian economies, the increasingly serious labor shortage in Japan means that the operating environment is expected to remain unpredictable.」
The description of the labor shortage has been strengthened from "prolonged" to "increasingly serious," and it is recognized as a factor affecting the operating environment. - FY2017RestatedAnnual report
「The operating environment is expected to remain unpredictable, given unstable foreign exchange markets stemming from the normalization of U.S. monetary policy, uncertainty over the economic outlook for emerging Asian markets, particularly China, and the prolonged labor shortage in Japan.」
Foreign exchange markets, emerging-market economies and labor shortages continue to be recognized as factors contributing to a challenging operating environment. - FY2016First statedAnnual report
「The operating environment is expected to remain unpredictable, given unstable foreign exchange markets, pressure from the economic slowdown in emerging markets, particularly China, and the prolonged labor shortage in Japan.」
The labor shortage is explicitly identified as an external operating-environment risk.