Concerns About Business Operations Due to Labor Shortages and an Aging Workforce
First written in FY2018-Q1. 4 of 13 entries say "Worsened", first in FY2018-Q3. Latest entry: FY2026.
Onex moved to the "Worse" side of this theme in 2018, 6 years before the typical company in this theme (2024).
The whole theme swung hardest in 2025: 15 of 59 companies on the "Worse" side.
21 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In Japan, in addition to expected increases in energy and raw material prices and import prices due to the weaker yen, the domestic population continues to decline, and the working-age population is also expected to decline, raising concerns about labor shortages.」
The filing explicitly identifies labor shortages resulting from declines in the overall and working-age populations and lists recruitment and reemployment, along with securing and developing personnel, as important issues. - 2026-08-14RestatedEarnings
「人口減少は加速しており、生産年齢人口の縮小に伴う人手不足は中長期的な構造問題として深刻化しております。」
人手不足を中長期的な構造問題として継続して記載している。 - FY2026-H1RestatedAnnual report
「Under these conditions, the Group is promoting the quantification of work in preparation for labor shortages, while considering mechanization and automation, strengthening its earnings base, and improving productivity.」
The filing states a policy of continuing to treat preparation for labor shortages as a management issue to be addressed and responding by quantifying work, considering mechanization and automation, and improving productivity. - FY2024-Q2RestatedAnnual report
「Under these conditions, the Group is promoting the development of a multi-skilled workforce and the quantification of work in preparation for future labor shortages, while continuing to review its production structure, strengthen its earnings base, and improve productivity.」
The filing states a policy of continuing to treat future labor shortages as a management issue to be addressed and preparing through multi-skilling, quantifying work and reviewing the production system. - FY2021WorsenedAnnual report
「Amid the declining birthrate and aging population and growing labor mobility, securing and developing personnel have become important management issues.」
Against the backdrop of the declining birthrate, an aging population and growing labor mobility, the filing positions securing and developing personnel as important management issues and states that developing a more multi-skilled workforce is an urgent priority. - FY2020WorsenedAnnual report
「In preparation for a decline in the working-age population, we will improve the workplace environment by using IT, industrial robots and other tools, and will continue to pursue work-style reforms.」
The filing describes the need to respond on the assumption of a declining working-age population, in addition to concerns about labor shortages and workforce aging. - FY2020-Q2MaterialisedAnnual report
「Revenue increased slightly as freight rates were revised in line with higher labor costs to address the labor shortage.」
The labor shortage continues to be cited as the background to higher labor costs and freight-rate revisions, making the concern about corporate activity more specific through cost and pricing measures in the transportation business. - FY2019MaterialisedAnnual report
「At existing Onex Corporation plants, we will work to improve profitability by reducing manufacturing costs and expenses and improving transaction profitability in response to rising energy costs and labor costs resulting from labor shortages.」
The labor shortage is listed as a factor behind rising labor costs among the issues to be addressed for the full fiscal year, making the need to reduce manufacturing costs and expenses and improve transaction profitability more specific. - FY2019-Q3RestatedAnnual report
「In the transport business, revenue increased as the review of transactions to secure workers proved effective.」
The filing describes a review of transactions based on the need to secure personnel. It contains no new figures or wording indicating worsening conditions regarding the extent of the labor shortage or workforce aging. - FY2019-Q2MaterialisedAnnual report
「Revenue increased as freight rates were revised in line with higher labor costs to address the labor shortage.」
The labor shortage is identified as the background to higher labor costs and freight-rate revisions, making the concern about corporate activity more specific through the response in the transportation business. - FY2018MaterialisedAnnual report
「To address rising energy costs and labor costs resulting from labor shortages, we will work to reduce manufacturing costs and expenses and improve profitability.」
The labor shortage is identified as a factor behind rising labor costs, making the need to address rising costs more specific. The filing also refers to attracting personnel through the relocation of headquarters functions. - FY2018-Q3WorsenedAnnual report
「In addition, the structural labor shortage has become increasingly evident, creating a situation that could undermine the recovery of the Japanese economy.」
The wording has been strengthened from concern about the worsening labor shortage to a statement that the structural labor shortage is becoming evident and may undermine the economic recovery. - FY2018-Q1First statedAnnual report
「At the same time, strong uncertainty about the outlook remains due to concerns about corporate activity resulting from worsening labor shortages and the advancing aging of the workforce, as well as growing tensions surrounding North Korea.」
The worsening labor shortage and advancing aging of the workforce are mentioned for the first time as factors of concern for corporate activity.