Rising Labor Costs and an Uncertain Economic Outlook
First written in FY2018-Q3. 16 of 18 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2025: 36 of 59 companies on the "Worse" side.
36 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Amid an uncertain economic environment, including chronic labor shortages at client companies, rising inflation, concerns over geopolitical risks brought to the fore by the situations in Ukraine and Russia, and yen depreciation caused by rising U.S. interest rates, we recognize that demand for consulting services supporting corporate activities in various ways, in addition to cost reduction, remains high.」
Demand for consulting services, including cost reduction, remains strong against a backdrop of labor shortages and economic uncertainty. - FY2023RestatedAnnual report
「Amid an uncertain economic environment, including chronic labor shortages at client companies, rising inflation, concerns over geopolitical risks brought to the fore by the situations in Ukraine and Russia, and yen depreciation caused by rising U.S. interest rates, we recognize that demand for consulting services supporting corporate activities in various ways, in addition to cost reduction, remains high.」
Chronic labor shortages and an uncertain economic environment are reiterated as factors supporting demand for consulting services. - FY2022RestatedAnnual report
「We recognize that an uncertain market environment continues, due to chronic labor shortages at client companies, the effects of COVID-19, inflation at a level not seen for approximately 40 years, concerns over the impact of the situations in Ukraine and Russia on economic activity, and the rapid depreciation of the yen caused by rising U.S. interest rates.」
Labor shortages and an uncertain economic environment are reiterated as continuing factors affecting the consulting market. - FY2022-Q3RestatedAnnual report
「During the nine months ended 30 November 2023, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous consolidated fiscal year.」
The disclosure states comprehensively that there were no material changes to the risks associated with rising labor costs and an uncertain economic environment. - FY2022-Q2RestatedAnnual report
「During the six months ended 31 August 2023, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous consolidated fiscal year.」
The disclosure states comprehensively that there were no material changes to the risks associated with rising labor costs and an uncertain economic environment. - FY2021RestatedAnnual report
「Given chronic labor shortages at client companies and an uncertain economic environment resulting from the effects of COVID-19, we believe that underlying demand for cost reduction remains high.」
Strong demand for cost reduction due to chronic labor shortages and an uncertain economic environment is reiterated. - FY2021-Q3RestatedAnnual report
「In particular, in the cost-reduction field, strong demand for consulting services continues, given rising labor costs and an uncertain economic environment.」
Strong demand in the cost-reduction field due to rising labor costs and an uncertain economic environment is reiterated. - FY2021-Q2RestatedAnnual report
「In particular, in the cost-reduction field, strong demand for consulting services continues, given rising labor costs and an uncertain economic environment.」
Strong demand in the cost-reduction field due to rising labor costs and an uncertain economic environment is reiterated. - FY2021-Q1RestatedAnnual report
「In particular, in the cost-reduction field, strong demand for consulting services continues, given rising labor costs and an uncertain economic environment.」
Strong demand in the cost-reduction field due to rising labor costs and an uncertain economic environment is reiterated. - FY2020-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The disclosure states comprehensively that there were no material changes to the risks associated with rising labor costs and an uncertain economic environment. - FY2020-Q2WorsenedAnnual report
「Against this backdrop of an uncertain business environment, demand is also increasing for services aligned with our offerings, including initiatives to manage costs by reviewing cost structures across industries, reforms to earnings structures in response to market changes, and efforts to improve and streamline operations.」
In addition to the continuing uncertainty in the business environment, the disclosure describes a sharp deterioration in conditions under the impact of COVID-19. It contains no new reference to rising labor costs. - FY2020-Q1RestatedAnnual report
「In the cost-reduction field, demand for cost reduction remains high, given rising labor costs and an uncertain economic environment.」
Rising labor costs and an uncertain economic environment continue to support strong demand for cost reduction. - FY2019RestatedAnnual report
「In the cost-reduction field, demand for cost reduction remains high, given rising labor costs and an uncertain economic environment since fiscal 2019.」
Rising labor costs and an uncertain economic environment are reiterated as factors supporting strong demand for cost reduction. - FY2019-Q3RestatedAnnual report
「In the cost-reduction field, demand for cost reduction remains high, given rising labor costs and an uncertain economic environment.」
Rising labor costs and an uncertain economic environment are reiterated as factors supporting strong demand for cost reduction. - FY2019-Q2RestatedAnnual report
「In the cost-reduction field, demand for cost reduction remains high, given rising labor costs and an uncertain economic environment.」
Rising labor costs and an uncertain economic environment are reiterated as factors supporting strong demand for cost reduction. - FY2019-Q1RestatedAnnual report
「In the cost-reduction field, demand for cost reduction remains high, given rising labor costs and an uncertain economic environment.」
Rising labor costs and an uncertain economic environment are reiterated as factors supporting strong demand for cost reduction. - FY2018RestatedAnnual report
「In the cost-reduction field, demand for cost reduction remains high, given rising labor costs and an uncertain economic environment since fiscal 2019.」
Rising labor costs and an uncertain economic environment are reiterated as factors supporting continued strong demand for cost reduction. - FY2018-Q3First statedAnnual report
「In the cost-reduction field, demand for cost reduction remains high, given rising labor costs and an uncertain economic environment.」
Rising labor costs and economic uncertainty are identified as factors in the business environment.