Impact of Labor Shortages on Business Operations
First written in FY2019. 4 of 8 entries say "Worsened", first in FY2025. Latest entry: FY2026.
Airman moved to the "Worse" side of this theme in 2025, 2 years after the typical company in this theme (2023).
The whole theme swung hardest in 2025: 15 of 29 companies on the "Worse" side.
19 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Shipments of engine compressors remained sluggish against a backdrop of stalled construction plans resulting from labor shortages and soaring raw material prices.」
Labor shortages, together with soaring raw material prices, were reflected in results through stalled construction plans and sluggish product shipments. - 2026-06-04WorsenedGeneral Meetings of Shareholders
「Although there is some visibility regarding the outlook for construction demand in Japan, uncertainties remain, including delays in construction schedules caused by chronic labor shortages and stagnation in the civil engineering sector.」
The company described the impact of labor shortages on construction delays and sluggish shipments of construction equipment as both an annual-results issue and a future challenge. - FY2026-H1WorsenedAnnual report
「In terms of sales, domestic demand continued for construction work on hotels, warehouses, semiconductor manufacturing plants and other facilities, as well as civil engineering projects under the National Resilience Plan. However, shipments of major products generally remained sluggish as labor shortages and higher material costs caused construction plans to stall.」
Labor shortages, together with higher material costs, were described as causing construction plans to stall and shipments of major products to remain sluggish, with the impact on business operations reflected in results. - FY2025WorsenedAnnual report
「Respect for human rights (Risks): Labor shortages due to the declining birthrate and aging population; loss of personnel due to inappropriate assignments」
In addition to the previous business environment concern, labor shortages were specifically identified as a workforce shortage and personnel allocation risk under materiality. - FY2024RestatedAnnual report
「Although concerns that higher raw material and energy prices and lost opportunities due to labor shortages in the construction and logistics industries would weigh on the economy remained, the economy continued on a moderate recovery trend as inbound demand and corporate capital investment remained firm.」
Lost opportunities resulting from labor shortages in the construction and logistics industries continue to be identified as a business environment concern. - FY2024-Q3ReintroducedAnnual report
「Although concerns that higher raw material and energy prices and lost opportunities due to labor shortages in the construction and logistics industries would weigh on the economy remained, the economy continued on a moderate recovery trend, supported by sustained inbound demand and the easing of supply constraints for semiconductors and other products.」
Labor shortages, which had not been listed separately among the major risks since fiscal 2021, were again specifically identified as a concern about lost opportunities in the construction and logistics industries. - FY2021DroppedAnnual report
「The principal risks among the matters concerning the business and accounting conditions described in the annual securities report that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies are as follows.」
The impact of labor shortages on business operations, which was described separately in the previous fiscal year, is not listed separately among the major risks for the current fiscal year. - FY2019First statedAnnual report
「At present, negative factors resulting from soaring raw material prices and labor shortages continue to be present in our business, and foreign exchange risks are also expected to increase in line with uncertainty in the global economy.」
Labor shortages were identified for the first time as a negative business environment factor alongside soaring raw material prices and foreign exchange risks.