Risks Related to Securing and Developing Human Resources and Rising Labor Costs
First written in FY2024. 1 of 2 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 15 of 29 companies on the "Worse" side.
18 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「If labor costs increase substantially due to intensified competition to secure personnel caused by a shrinking workforce, increased wage pressure accompanying an economic recovery and improved employment conditions, or amendments to labor-related laws and the Immigration Control and Refugee-Recognition Act aimed at reducing disparities in working conditions, or if the development of internal personnel does not progress, personnel leave for outside the group, or recruitment itself becomes difficult, this could affect the financial condition and operating results of our group.」
The risks relating to personnel arising from recruitment competition, wage pressure, legal amendments, stagnation in personnel development, and employee attrition are reiterated. - FY2024First statedAnnual report
「If labor costs increase substantially due to intensified competition to secure personnel caused by a shrinking workforce, increased wage pressure accompanying an economic recovery and improved employment conditions, or amendments to labor-related laws and the Immigration Control and Refugee-Recognition Act aimed at reducing disparities in working conditions, or if the development of internal personnel does not progress, personnel leave for outside the group, or recruitment itself becomes difficult, this could affect the financial condition and operating results of our group.」
For the personnel required to expand the business, competition for recruitment, wage pressure, legal amendments, stagnation in personnel development, and employee attrition are identified as interconnected risks.