Higher Labor Costs Resulting from Minimum Wage Increases
First written in FY2023. 2 of 3 entries say "Worsened", first in FY2024. Latest entry: FY2025.
SAKIGAKE Holdings moved to the "Worse" side of this theme in 2025, 1 year after the typical company in this theme (2024).
The whole theme swung hardest in 2023: 7 of 11 companies on the "Worse" side.
4 other companies' latest entry also says "Worsened".
- FY2025WorsenedAnnual report
「Likelihood: High Potential timing: Every year on a regular basis Impact: Medium」
The risk of minimum-wage increases is assessed as highly likely and recurring annually. - FY2024WorsenedAnnual report
「The Government is said to be aiming to achieve a national average minimum wage of ¥1,500 in the 2020s. If the policies implemented to achieve this result in a substantial increase in labor costs, our results could be affected.」
The Government target has risen from the previously cited national average of at least ¥1,000 to ¥1,500, making the risk of higher labor costs more specific. - FY2023First statedAnnual report
「The Government aims to raise the national weighted-average minimum wage to at least ¥1,000 as soon as possible, and is working to achieve this increase.」
The Government policy of raising the national weighted average to at least ¥1,000 is cited, with faster employee development and higher productivity identified as a response.