Addressing Labor Costs Through the Use of Employment Adjustment Subsidies
First written in FY2021-Q3. 4 of 6 entries say "Softened", first in FY2022. Latest entry: FY2024.
Willtec moved to the "Worse" side of this theme in 2022.
The whole theme swung hardest in 2022: 1 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Softened".
- FY2024SoftenedAnnual report
「Non-operating income for the consolidated fiscal year was ¥110 million, a decrease of ¥40 million from the previous consolidated fiscal year, mainly due to lower subsidy income.」
Non-operating income, including subsidy income, declined from the previous fiscal year, further weakening the role of subsidies during the pandemic in supporting business performance. - FY2023SoftenedAnnual report
「Non-operating income for the consolidated fiscal year was ¥150 million, a decrease of ¥123 million from the previous consolidated fiscal year, mainly due to lower subsidy income.」
Subsidy income declined from ¥265 million in the previous fiscal year to ¥139 million, further weakening the role of subsidies during the pandemic in supporting business performance. - FY2023-Q2SoftenedAnnual report
「Subsidy income 155 78」
Subsidy income declined from ¥155 million in the same period of the previous year to ¥78 million, further weakening the role of subsidies during the pandemic in supporting business performance. - FY2022SoftenedAnnual report
「Non-operating income for the consolidated fiscal year was ¥274 million, a decrease of ¥545 million from the previous consolidated fiscal year, mainly due to lower subsidy income, including employment adjustment subsidies.」
Revenue from employment adjustment subsidies and other sources declined from the previous fiscal year, weakening the role of subsidies during the pandemic in supporting business performance. - FY2021RestatedAnnual report
「The company sought to maintain business performance by using employment adjustment subsidies, promoting proactive sales activities, and further strengthening cost controls and management efficiency.」
The employment adjustment subsidy has been continued as a measure to address business closures, standby periods and personnel costs associated with infectious diseases. - FY2021-Q3First statedAnnual report
「In addition, as COVID-19 caused temporary business closures, including partial suspension of operations, and increased the number of engineers waiting for assignments, labor costs deteriorated. The company sought to maintain business performance by using employment adjustment subsidies, promoting proactive sales activities, and further strengthening cost controls and operational efficiency.」
The company explicitly disclosed for the first time its use of employment adjustment subsidies as a measure to address the deterioration in labor costs caused by business closures and an increase in engineers waiting for assignments.