Technology Transfer and Worsening Labor Shortages Associated with Curbs on New Hiring
First written in FY2016. 6 of 12 entries say "Restated". Latest entry: FY2023.
Wesco Holdings moved to the "Worse" side of this theme in 2020, 4 years before the typical company in this theme (2024).
The whole theme swung hardest in 2018: 5 of 16 companies on the "Worse" side.
16 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「With the average age of the Group's employees at 46, continuously securing a certain number of employees and passing on technologies and expertise are essential for sustainable development.」
Against the backdrop of an average employee age of 46, the company reaffirms the need to continuously secure personnel and pass on technologies and expertise. - FY2023-Q1MaterialisedAnnual report
「During the cumulative first quarter, increased orders in the aerial surveying and geotechnical investigation fields contributed to higher revenue. However, the volume of work carried over from the previous consolidated fiscal year was also substantial, and there have been cases in which new order opportunities were lost because production capacity had to be adjusted due to labor shortages.」
The labor shortage has surfaced in practice not merely as a concern over securing personnel, but through production-capacity adjustments that have resulted in lost new order opportunities. - FY2022WorsenedAnnual report
「With the average age of the Group's employees at 44, continuously securing a certain number of employees and passing on technologies and expertise are essential for sustainable development. Accordingly, if it becomes difficult to secure and develop a stable workforce, this could affect the Group's business performance. In addition, labor-related risks, including the optimization of working hours, appropriate labor management in accordance with laws and regulations, and harassment, have also become social issues.」
In addition to labor shortages and technology succession risks, the company newly identifies labor-related risks involving working hours, labor management and harassment. - FY2021WorsenedAnnual report
「Japan's working-age population is on a declining trend as the declining birthrate and aging population advance, and competition among companies to secure personnel is intensifying. Accordingly, securing talented personnel has also become a challenge for the Group.」
Regarding the risks of technology succession and labor shortages, the company newly specifies the decline in the working-age population and intensifying competition among companies to secure personnel. - FY2020WorsenedAnnual report
「However, labor shortages have become apparent, and if the Group finds it difficult to secure a stable workforce because it is unable to secure, develop and effectively deploy the necessary personnel, including due to the retirement of qualified employees, this could affect its business performance.」
In addition to the previous statement that labor shortages had become apparent, the company now specifies the possibility that the retirement of qualified employees and other factors could make it difficult to secure a stable workforce. - FY2018MaterialisedAnnual report
「Securing and developing personnel who possess the relevant technologies and expertise is essential for the sustainable growth of the Group. However, labor shortages have become apparent, and if the Group is unable to secure, develop and effectively deploy the personnel it needs, this could affect its business performance.」
The wording has changed from the previous concern that the issue would gradually become more serious to stating that the labor shortage problem has become apparent, indicating that the risk has arisen and surfaced. - FY2018-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company concludes that there have been no material changes regarding the risks of technology succession and labor shortages associated with restrictions on new hiring. - FY2018-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company concludes that there have been no material changes regarding the risks of technology succession and labor shortages associated with restrictions on new hiring. - FY2017RestatedAnnual report
「There are concerns that problems such as the succession of technical expertise and labor shortages will gradually become more serious, as a result of the impact of the restrictions on new hiring to date.」
The annual report also explicitly identifies concerns that technology succession issues and labor shortages will worsen against a backdrop of restrictions on new hiring. - FY2017-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company concludes that there have been no material changes regarding the risks of technology succession and labor shortages associated with restrictions on new hiring. - FY2017-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company concludes that there have been no material changes regarding the risks of technology succession and labor shortages associated with restrictions on new hiring. - FY2016First statedAnnual report
「There are concerns that problems such as the succession of technical expertise and labor shortages will gradually become more serious, as a result of the impact of the restrictions on new hiring to date.」
Against a backdrop of past restrictions on new hiring, technology succession and labor shortages are identified as future concerns.