Risk of Business Disruption Due to Talent Shortages and Tight Labor Markets
First written in FY2022. 4 of 9 entries say "Materialised", first in FY2025-H1. Latest entry: FY2026.
The whole theme swung hardest in 2026: 27 of 104 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「Our group recruits employees worldwide, but tight labour markets, intensifying competition to secure highly specialised personnel in fields such as EVs and digital technology, and challenges in transferring skills could make it difficult to secure and develop the personnel we need.」
In addition to the existing risks of tight labour markets and higher labour costs, competition to secure highly specialised personnel in areas such as EVs and digital technology and challenges in transferring skills were added. - 2026-05-15MaterialisedRevisions to earnings forecasts
「Operating profit was ¥15,623 million, down 4.6% year on year, due to the impact of lower revenue and higher labor costs resulting from inflation, among other factors.」
Higher labor costs resulting from inflation were recorded as a factor behind the full-year decline in operating profit. - FY2026-H1MaterialisedAnnual report
「Operating profit was ¥4,466 million, down 16.6% year on year, due to the impact of lower sales and higher labour costs resulting from inflation and other factors.」
Inflation-driven increases in labour costs, together with the impact of lower sales, reduced operating profit, which fell 16.6% year on year. The risk of higher personnel and labour costs continues to be reflected in actual results. - FY2025MaterialisedAnnual report
「Operating profit was ¥16,380 million, up 0.8% from the previous fiscal year, as the contribution from vehicle-model development outweighed the impact of higher labour costs resulting from inflation and other factors.」
Higher labour costs related to tight labour markets and personnel retention actually emerged as a factor affecting earnings during the fiscal year. Despite implementing countermeasures, inflation-driven increases in labour costs have continued. - FY2025-H1MaterialisedAnnual report
「Operating profit was ¥5,356 million, down 14.8% year on year, due to higher labour costs resulting from inflation and other factors.」
Higher labour costs related to labour shortages and tight labour markets actually affected company-wide operating profit through inflation-driven increases in labour costs, resulting in a 14.8% year-on-year decline in operating profit. - FY2024MitigatedAnnual report
「To retain employees, our group is actively promoting measures including reviewing wage levels in response to inflation, improving employee benefits and treatment, and reducing employee workloads through the automation (mechanisation) of on-site work requiring physical strength and concentration.」
In response to labour shortages and tight labour markets, additional measures were disclosed, including reviewing wage levels in light of inflation, improving employee treatment and automating on-site work. - FY2023MitigatedAnnual report
「To retain employees, we are actively promoting and implementing measures including improving employee benefits and treatment through the review and enhancement of personnel systems, and reducing employee workloads through the automation (mechanisation) of on-site work requiring physical strength and concentration.」
In response to labour shortages and tight labour markets, specific measures to retain employees and reduce workloads were implemented, including improved treatment, automation of on-site work and workplace assessments. - FY2023-Q2WorsenedAnnual report
「Tight labour supply and demand and surging resource and energy prices have continued, primarily due to expansionary fiscal and monetary policies implemented to address COVID-19, followed by tight demand and supply constraints accompanying the economic recovery.」
Tight labour supply and demand continued, creating an environment in which the impact of higher labour costs and labour shortages was evident at operating sites, including in North America. - FY2022First statedAnnual report
「Difficulty recruiting or retaining personnel limits opportunities to train employees and improve their capabilities, which could ultimately lead to stagnation across business activities due to labour shortages and affect our group's performance.」
In addition to existing personnel development measures, difficulty recruiting and retaining personnel due to tight labour markets and failures in establishing or operating personnel systems has been independently identified for the first time as a risk that could lead to stagnation across business activities.