Increase in labor costs due to wage increases
First written in FY2025-H1. 1 of 2 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2023: 8 of 12 companies on the "Worse" side.
10 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Although the challenging business environment, including soaring material and parts prices and higher labor costs due to wage increases, continues, operating profit rose to ¥1,714 million, an increase of ¥317 million (22.7%) year on year, owing to higher sales and ongoing cost reduction activities, including improving manufacturing process efficiency.」
While reaffirming higher labor costs due to wage increases as part of the challenging business environment, the company increased operating profit through cost reduction activities, including improving manufacturing process efficiency. - FY2025-H1First statedAnnual report
「In terms of profit, although challenging business conditions continued due to soaring material and component prices and higher labor costs resulting from wage increases, operating profit was ¥742 million, up ¥91 million, or 14.0%, year on year, and ordinary profit was ¥837 million, up ¥108 million, or 14.9%, year on year, as a result of continued cost-reduction initiatives such as improving manufacturing process efficiency.」
The company has identified for the first time the increase in labor costs due to wage increases as a separate element of the challenging business environment, alongside soaring material and parts prices. The amount of the impact from higher labor costs itself was not disclosed.