Risk of Rising Labor Costs Due to Labor Shortages
First written in FY2018-Q1. 16 of 24 entries say "Materialised", first in FY2018-Q3. Latest entry: 2026-11-10.
Shimojima moved to the "Worse" side of this theme in 2017, 4 years before the typical company in this theme (2021).
The whole theme swung hardest in 2022: 25 of 58 companies on the "Worse" side.
22 other companies' latest entry also says "Materialised".
- 2026-11-10MaterialisedResults
「引続き物流費の上昇や、ベースアップに伴う人件費の増加はありましたが、売上高の伸長に伴い、売上総利益が増加したことで、営業利益、経常利益、親会社株主に帰属する中間純利益ともに前年同期比で大幅に増加いたしました。」
物流費上昇とベースアップに伴う人件費増加が継続して発生した一方、利益は前年同期比で増加した。 - FY2026MaterialisedAnnual report
「In terms of expenses, logistics costs increased at a faster rate than sales, and personnel expenses also rose due to base-pay increases. However, gross profit generated by higher sales was secured, resulting in year-on-year increases in operating profit, ordinary profit and profit attributable to owners of the parent.」
While logistics costs and personnel expenses rose due to base-pay increases, higher sales and secured gross profit resulted in higher profit. - FY2026-H1MaterialisedAnnual report
「Although logistics costs rose and personnel expenses increased due to base-pay increases, operating profit, ordinary profit and interim profit attributable to owners of the parent all exceeded the year-earlier levels as a result of efforts to operate and control selling, general and administrative expenses efficiently.」
While higher logistics costs and increased personnel expenses due to base-pay increases actually occurred, profit exceeded the year-earlier level through the efficient operation and control of selling, general and administrative expenses. - FY2025MaterialisedAnnual report
「In addition, combined with increases in selling, general and administrative expenses, including logistics and personnel costs, operating profit, ordinary profit and profit attributable to owners of the parent for the fiscal year fell below the previous year's results.」
The increase in selling, general and administrative expenses, including personnel and logistics costs, resulted in each full-year profit measure falling below the previous year's results. - FY2025-H1MaterialisedAnnual report
「In addition, increases in selling, general and administrative expenses, including personnel expenses, contributed to year-on-year decreases in operating profit, ordinary profit and interim profit attributable to owners of the parent.」
The increase in selling, general and administrative expenses, including personnel expenses, materialized as a factor behind declines in operating profit, ordinary profit and interim net profit. - FY2024WorsenedAnnual report
「At the same time, personnel expenses were increased to promote investment in human capital, and costs are expected to rise due to factors including surging logistics costs, higher raw material prices, particularly energy prices, and the prolonged depreciation of the yen.」
The increase in personnel expenses due to human capital investment is explicitly stated, along with logistics costs, raw material prices and the weak yen as factors driving higher costs. - FY2024-Q3MitigatedAnnual report
「In terms of profit, gross profit increased as sales remained steady. In addition, as a result of efforts to control selling, general and administrative expenses, including logistics costs, operating profit, ordinary profit and profit attributable to owners of the parent for the quarter all increased year on year.」
As a result of efforts to control selling, general and administrative expenses, including logistics costs, operating profit, ordinary profit and profit attributable to owners of the parent for the quarter increased year on year. - FY2024-Q1MitigatedAnnual report
「In terms of profit, in addition to steady sales, the benefits of controlling selling, general and administrative expenses, including logistics costs, became apparent, and each profit measure increased year on year.」
It states that the benefits of controlling selling, general and administrative expenses, including logistics costs, became apparent, resulting in year-on-year increases in each profit measure. - FY2023MitigatedAnnual report
「In terms of profit, gross profit increased as sales grew substantially throughout the year. In addition, the benefits of controlling selling, general and administrative expenses, including logistics costs, became apparent, and each profit measure increased year on year.」
It states that the benefits of controlling selling, general and administrative expenses, including logistics costs, became apparent, resulting in year-on-year increases in each profit measure. - FY2023-Q3MitigatedAnnual report
「In terms of profit, gross profit increased as a result of higher sales. In addition, the benefits of reducing selling, general and administrative expenses, including logistics costs, became apparent, and each profit measure increased substantially year on year.」
It states that the benefits of reducing selling, general and administrative expenses, including logistics costs, became apparent, resulting in substantial year-on-year increases in each profit measure. - FY2023-Q2MitigatedAnnual report
「In terms of profit, gross profit increased year on year as sales grew. In addition, the company worked to reduce selling, general and administrative expenses, including logistics costs, resulting in substantial year-on-year increases in all profit measures.」
It states that the company worked to reduce selling, general and administrative expenses, including logistics costs, resulting in substantial year-on-year increases in each profit measure. - FY2023-Q1MaterialisedAnnual report
「In addition, selling, general and administrative expenses, including logistics costs, increased, and operating income was negative. However, the amount improved year on year.」
Higher logistics costs and other expenses pushed up selling and administrative expenses, becoming a factor behind the operating loss. - FY2022-Q3MaterialisedAnnual report
「In addition, selling, general and administrative expenses increased significantly, heavily affected by higher logistics costs and other expenses, resulting in operating income and ordinary income falling below the previous year's levels.」
Higher logistics costs pushed up selling, general and administrative expenses, reducing operating income and ordinary income. - FY2022-Q1MaterialisedAnnual report
「In terms of profit, gross profit declined as sales fell due to the effects of stagnating economic activity. In addition, selling, general and administrative expenses increased, mainly because logistics costs rose alongside the growth in online sales, resulting in all profit measures falling below the previous year's levels.」
The increase in logistics costs accompanying growth in online sales was reflected in higher selling, general and administrative expenses, reducing all profit measures. - FY2020-Q3MaterialisedAnnual report
「In terms of profit, in addition to the impact of the consumption tax increase from October, selling, general and administrative expenses increased substantially due to higher logistics costs and the recognition of M&A expenses, resulting in profit falling below the previous year's level.」
Higher logistics costs pushed up selling, general and administrative expenses, resulting in profit falling below the previous year's level. - FY2020-Q2MaterialisedAnnual report
「In terms of profit, selling, general and administrative expenses increased due to higher logistics costs and the recognition of M&A expenses. However, gross profit increased as sales expanded on rush demand ahead of the September consumption tax increase and active sales initiatives, resulting in a substantial improvement over the previous year's results.」
Higher logistics costs continued to be reflected in results as a factor behind the increase in selling, general and administrative expenses. - FY2020-Q1MaterialisedAnnual report
「In terms of profit, selling, general and administrative expenses increased as logistics costs continued to rise, resulting in profit falling below the previous year's level.」
The continued increase in logistics costs was reflected in profit falling below the previous year's level. - FY2019-Q3MaterialisedAnnual report
「In terms of profit, results were substantially below the previous year’s level because the significant impact of higher raw material prices during the first half reduced gross profit and logistics costs, which accounted for most of the increase in selling, general and administrative expenses, increased.」
Higher logistics costs increased selling and administrative expenses, reducing actual profit and leading to a substantial decline in profit. - FY2019-Q2MaterialisedAnnual report
「In terms of profit, results were substantially below the previous year’s level because higher raw material prices reduced gross profit and logistics costs, which accounted for most of the increase in selling, general and administrative expenses, increased.」
Higher logistics costs increased selling and administrative expenses, reducing actual profit and, together with higher raw material prices, leading to a substantial decline in profit. - FY2019-Q1MaterialisedAnnual report
「In terms of profit, results were substantially below the previous year’s level due to higher raw material prices and increased logistics costs included in selling, general and administrative expenses, among other factors.」
Higher logistics costs pushed up selling and administrative expenses, resulting in a substantial decline in profit. - FY2018MaterialisedAnnual report
「Consolidated operating income was ¥1.534 billion, down 17.4% year on year; consolidated ordinary income was ¥1.785 billion, down 13.3%; and net income attributable to owners of the parent was ¥1.094 billion, down 8.6%. This reflected a decline in profit due to higher selling, general and administrative expenses, including increased logistics costs.」
Higher logistics costs pushed up selling, general and administrative expenses, resulting in a decline in full-year operating income and other profit measures. - FY2018-Q3MaterialisedAnnual report
「As a result, the Group maintained its previous year's sales level overall. However, profit fell short of the previous year's level because selling, general and administrative expenses increased, including due to higher logistics costs.」
Higher logistics costs pushed up selling, general and administrative expenses, resulting in profit falling below the previous year's level. - FY2018-Q2WorsenedAnnual report
「Consumer sentiment remains subdued in the industries in which our Group operates, and the operating environment continues to be difficult due to rising personnel and logistics costs, among other factors.」
In addition to the previously identified rise in labor costs caused by labor shortages, the company also identifies higher logistics costs as a source of cost pressure. - FY2018-Q1First statedAnnual report
「In Japan, the outlook remains uncertain due to issues such as rising labor costs caused by labor shortages, political conditions overseas, and geopolitical risks.」
The company independently identifies rising labor costs caused by labor shortages as a factor contributing to the uncertain outlook for the first time.