Risk of Worsening Cost Ratios and Profit Margins Due to Rising Social Insurance Contribution Rates
First written in FY2016. 3 of 4 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2025: 8 of 15 companies on the "Worse" side.
45 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「More than 90% of cost of sales consists of labor costs. If social insurance contribution rates rise as a result of revisions to pension, health insurance or other systems, this could increase the cost ratio and affect the business performance and financial condition of our group.」
Continues to cite the cost structure in which labor costs account for more than 90% of cost of sales and the risk of a higher cost ratio due to rising social insurance contribution rates. - FY2018RestatedAnnual report
「More than 90% of cost of sales consists of labor costs. If social insurance contribution rates rise as a result of revisions to pension, health insurance or other systems, this could increase the cost ratio and affect the business performance and financial condition of our group.」
Restates the cost structure in which labor costs account for more than 90% of cost of sales and the risk of a higher cost ratio due to rising social insurance contribution rates. - FY2017RestatedAnnual report
「More than 90% of cost of sales consists of labor costs. If social insurance contribution rates rise as a result of revisions to pension, health insurance or other systems, this could increase the cost ratio and affect the business performance and financial condition of our group.」
Restates the cost structure in which labor costs account for more than 90% of cost of sales and the risk of deteriorating profit margins due to rising social insurance contribution rates. - FY2016First statedAnnual report
「In the design and development outsourcing business, our group's core business, labor costs account for more than 90% of cost of sales. If social insurance contribution rates rise as a result of revisions to pension, health insurance or other systems, this could increase the cost ratio and affect the business performance and financial condition of our group.」
States that more than 90% of cost of sales consists of labor costs and describes the impact of rising social insurance contribution rates.