Risk of declining childcare and nursing care users due to population decline and lower utilization rates
First written in FY2025. 3 of 4 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 5 of 7 companies on the "Worse" side.
1 other company's latest entry also says "Restated".
- FY2026RestatedAnnual report
「If utilization falls below expectations and the number of users declines, this could affect the Group’s financial position and results of operations. In the nursing business as well, the market is expected to expand as the population ages, but if utilization falls below expectations and the number of users declines, this could affect the Group’s financial position and results of operations.」
The risk of utilization and user numbers falling below expectations is reiterated for both the childcare and nursing and welfare businesses. - 2026-05-14RestatedEarnings presentation
「Regarding M&A in the childcare business, we will carefully select target areas in light of the expected decline in the birthrate.」
The company reconfirms the declining birthrate as a factor in its business development and states that it will select target regions for childcare-business M&A. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year.」
The risk of fewer childcare and nursing users due to population decline and lower utilization is unchanged in all material respects. - FY2025First statedAnnual report
「Japan is expected to experience population decline, particularly a declining birthrate and aging population. In childcare, the number of children on waiting lists has been declining each year. Given the rising female employment rate and changes in working styles accompanying the expansion of employee social insurance coverage, the effect of higher utilization is expected to outweigh the contractionary effect of population decline and the market is expected to continue expanding. However, if utilization falls below expectations and the number of users declines, this could affect the Group’s financial position and results of operations.」
The risk of utilization and user numbers falling below expectations is identified for the first time against a background of population decline, a declining birthrate and an aging population, and fewer children on waiting lists.