Increased Labor-Related Cost Burden from Tight Labor Supply and Demand, Higher Social Security Costs and Minimum Wages
First written in FY2017-Q3. 29 of 35 entries say "Restated". Latest entry: FY2027-H1.
Maruyoshi Center moved to the "Worse" side of this theme in 2025, 5 years after the typical company in this theme (2020).
The whole theme swung hardest in 2025: 36 of 59 companies on the "Worse" side.
36 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「The environment surrounding the retail industry is also becoming increasingly challenging, with lower purchasing appetite caused by anxiety about the future resulting from rising prices, higher personnel-related costs due to tight labor demand, and increased expenses such as utility and freight costs because of soaring energy prices.」
It continues to identify declining purchasing appetite, higher labor-related costs, and higher expenses associated with soaring energy prices as factors contributing to difficult conditions in the retail industry. - 2026-07-15RestatedEarnings
「The environment surrounding the retail industry is also becoming increasingly challenging, with lower purchasing appetite caused by anxiety about the future resulting from rising prices, higher personnel-related costs due to tight labor demand, and increased expenses such as utility and freight costs because of soaring energy prices.」
The company identifies lower purchasing appetite, higher personnel-related costs and increased expenses such as utility and freight costs as factors behind the continuing difficult industry environment. - FY2026WorsenedAnnual report
「On the other hand, regarding higher labor costs due to intensifying competition for recruitment amid a serious labor shortage, increases in the minimum wage, and wage increases accompanying higher prices」
In addition to the previously cited tight labor demand and higher labor-related costs, it specifies a "serious labor shortage," intensifying competition for recruitment, increases in the minimum wage, and wage increases accompanying higher prices as factors behind higher labor costs. - FY2025WorsenedAnnual report
「In addition, regarding higher labor costs against a backdrop of difficulties securing personnel, it seeks to improve operations by selecting tasks with a strong focus on priorities and improve productivity by revising work shifts to assign the necessary personnel during the necessary hours」
In addition to the previously cited tight labor demand and higher labor-related costs, it explicitly identifies higher labor costs against a backdrop of difficulties securing personnel. - FY2025-H1RestatedAnnual report
「The environment surrounding the retail industry is also becoming increasingly challenging, with lower purchasing appetite caused by anxiety about the future resulting from rising prices, higher personnel-related costs due to tight labor demand, and increased expenses such as utility and freight costs because of soaring energy prices.」
It reiterates declining purchasing appetite, higher labor-related costs, and higher expenses such as utility costs and transportation expenses due to soaring energy prices as factors contributing to difficult conditions in the retail industry. - FY2025-Q1RestatedAnnual report
「The environment surrounding the retail industry is also becoming increasingly challenging, with lower purchasing appetite caused by anxiety about the future resulting from rising prices, higher personnel-related costs due to tight labor demand, and increased expenses such as utility and freight costs because of soaring energy prices.」
It reiterates tight labor demand and higher labor-related costs, together with higher expenses associated with rising prices and soaring energy costs. - FY2024WorsenedAnnual report
「In the retail industry as well, conditions surrounding the industry continue to become more challenging due to declining purchasing appetite amid concerns about the future caused by rising prices, higher labor-related costs amid sharply increasing labor demand, and higher expenses such as utility costs and transportation expenses due to soaring energy prices.」
It strengthens the wording regarding labor demand from the previous "tight" to "sharply increasing," while continuing to identify higher labor-related costs as a burden on the industry. - FY2024-Q3RestatedAnnual report
「The environment surrounding the retail industry is also becoming increasingly challenging, with lower purchasing appetite caused by anxiety about the future resulting from rising prices, higher personnel-related costs due to tight labor demand, and increased expenses such as utility and freight costs because of soaring energy prices.」
It reiterates tight labor demand and higher labor-related costs, together with higher prices and soaring energy costs, as burdens on the retail industry. - FY2024-Q2RestatedAnnual report
「The environment surrounding the retail industry is also becoming increasingly challenging, with lower purchasing appetite caused by anxiety about the future resulting from rising prices, higher personnel-related costs due to tight labor demand, and increased expenses such as utility and freight costs because of soaring energy prices.」
It reiterates tight labor demand and higher labor-related costs, together with higher prices and soaring energy costs, as burdens on the retail industry. - FY2024-Q1RestatedAnnual report
「The environment surrounding the retail industry is also becoming increasingly challenging, with lower purchasing appetite caused by anxiety about the future resulting from rising prices, higher personnel-related costs due to tight labor demand, and increased expenses such as utility and freight costs because of soaring energy prices.」
It reiterates tight labor demand and higher labor-related costs, together with higher prices and soaring energy costs, as burdens on the retail industry. - FY2023RestatedAnnual report
「In the retail industry as well, the requirements placed on businesses have continued to change, including responding to increased demand for meals prepared at home due to requests to refrain from going out and the promotion of telework to curb the spread of COVID-19, as well as implementing measures to prevent infections from spreading in stores. Labor-related costs have increased amid tight labor demand, and moves toward corporate consolidation and industry restructuring have gained even further momentum, causing conditions surrounding the industry to continue to become more challenging.」
It reiterates tight labor demand and higher labor-related costs as burdens on the changing retail industry. - FY2023-Q3RestatedAnnual report
「In the retail industry as well, the requirements placed on businesses have continued to change, including responding to increased demand for meals prepared at home due to requests to refrain from going out and the promotion of telework to curb the spread of COVID-19, as well as implementing measures to prevent infections from spreading in stores. Labor-related costs have increased amid tight labor demand, and moves toward corporate consolidation and industry restructuring have gained even further momentum, causing conditions surrounding the industry to continue to become more challenging.」
It reiterates tight labor demand and higher labor-related costs as burdens on the changing retail industry. - FY2023-Q2RestatedAnnual report
「In the retail industry as well, the requirements placed on businesses have continued to change, including responding to increased demand for meals prepared at home due to requests to refrain from going out and the promotion of telework to curb the spread of COVID-19, as well as implementing measures to prevent infections from spreading in stores. Labor-related costs have increased amid tight labor demand, and moves toward corporate consolidation and industry restructuring have gained even further momentum, causing conditions surrounding the industry to continue to become more challenging.」
It reiterates tight labor demand and higher labor-related costs as burdens on the changing retail environment amid the spread of infectious diseases. - FY2022RestatedAnnual report
「In the retail industry as well, the requirements placed on businesses have continued to change, including responding to increased demand for meals prepared at home due to requests to refrain from going out and the promotion of telework to curb the spread of COVID-19, as well as implementing measures to prevent infections from spreading in stores. Labor-related costs have increased amid tight labor demand, and moves toward corporate consolidation and industry restructuring have gained even further momentum, causing conditions surrounding the industry to continue to become more challenging.」
It reiterates tight labor demand and higher labor-related costs as burdens on the retail industry that continue amid the spread of infectious diseases. - FY2022-Q3RestatedAnnual report
「In the retail industry as well, the requirements placed on businesses have changed substantially, including responding to increased demand for meals prepared at home due to requests to refrain from going out and the promotion of telework to curb the spread of COVID-19, as well as implementing measures to prevent infections from spreading in stores. In addition to tight labor demand, labor-related costs have increased, and moves toward corporate consolidation and industry restructuring have gained even further momentum, causing conditions surrounding the industry to continue to become more challenging.」
It reiterates tight labor demand and higher labor-related costs as burdens on the retail industry that continue amid the spread of infectious diseases. - FY2022-Q2RestatedAnnual report
「In addition, in addition to tight labor demand, labor-related costs have increased, and moves toward corporate consolidation and industry restructuring have gained even further momentum, causing conditions surrounding the industry to continue to become more challenging.」
It continues to identify tight labor demand and higher labor-related costs as burdens on the retail industry. - FY2022-Q1RestatedAnnual report
「In the retail industry as well, the requirements placed on businesses have changed rapidly, including responding to increased demand for meals prepared at home as customers' purchasing behavior changed due to requests to refrain from going out and the promotion of telework to curb the spread of COVID-19, as well as implementing measures to prevent infections from spreading in stores. In addition to tight labor demand, labor-related costs have increased, and moves toward corporate consolidation and industry restructuring have gained further momentum, causing conditions surrounding the industry to continue to become more challenging.」
It reiterates tight labor demand and higher labor-related costs as burdens on the retail industry that continue amid the spread of infectious diseases. - FY2021RestatedAnnual report
「In addition to tight labor demand and higher labor-related costs, moves toward corporate consolidation and industry restructuring have gained further momentum, and conditions surrounding the industry continue to become more challenging.」
It reiterates tight labor demand and higher labor-related costs as burdens on the retail industry that continue even amid the spread of infectious diseases. - FY2021-Q3RestatedAnnual report
「In the retail industry as well, the requirements placed on businesses have continued to change rapidly, including responding to increased demand for meals prepared at home as customers' purchasing behavior changed due to requests to refrain from going out and the promotion of telework to curb the spread of COVID-19, as well as implementing measures to prevent infections from spreading in stores. In addition to tight labor demand, labor-related costs have increased, and moves toward corporate consolidation and industry restructuring have gained further momentum, causing conditions surrounding the industry to continue to become more challenging.」
It reiterates tight labor demand and higher labor-related costs as burdens on the retail industry amid the spread of infectious diseases. - FY2021-Q2RestatedAnnual report
「In the retail industry as well, the requirements placed on businesses have changed rapidly, including responding to increased demand for meals prepared at home as customers' purchasing behavior changed due to requests to refrain from going out and the promotion of telework to curb the spread of COVID-19, as well as implementing measures to prevent infections from spreading in stores. In addition to tight labor demand, labor-related costs have increased, and moves toward corporate consolidation and industry restructuring have gained further momentum, causing conditions surrounding the industry to continue to become more challenging.」
It reiterates tight labor demand and higher labor-related costs as burdens on the retail industry amid the spread of infectious diseases. - FY2021-Q1RestatedAnnual report
「In the retail industry as well, the requirements placed on businesses have changed rapidly, including responding to increased demand for meals prepared at home as customers' purchasing behavior changed due to requests to refrain from going out and the promotion of telework to curb the spread of COVID-19, as well as implementing measures to prevent infections from spreading in stores. In addition to tight labor demand, labor-related costs have increased, and moves toward corporate consolidation and industry restructuring have gained further momentum, causing conditions surrounding the industry to continue to become more challenging.」
It continues to identify tight labor demand and higher labor-related costs as burdens on the retail industry amid the spread of infectious diseases. - FY2020-Q3RestatedAnnual report
「In the retail industry, openings by competitors and price competition have become increasingly intense, while labor-related costs have increased amid tight labor demand. In addition, moves toward corporate consolidation and industry restructuring have gained further momentum, and conditions surrounding the industry continue to become more challenging.」
It continues to identify tight labor demand and higher labor-related costs as burdens on the retail industry. - FY2020-Q2RestatedAnnual report
「In the retail industry, openings by competitors and price competition have become increasingly intense, while, in addition to tight labor demand, labor-related costs have increased」
It continues to identify tight labor demand and higher labor-related costs as burdens on industry conditions. - FY2020-Q1RestatedAnnual report
「In the retail industry, openings by competitors and price competition have become increasingly intense, while, in addition to tight labor demand, labor-related costs have increased」
It continues to identify tight labor demand and higher labor-related costs as burdens on industry conditions. - FY2019RestatedAnnual report
「In addition to tight labor demand, higher labor-related costs」
It continues to identify tight labor demand and higher labor-related costs as burdens on the retail industry. - FY2019-Q3RestatedAnnual report
「In addition to tight labor demand, labor-related costs are trending higher.」
It continues to identify tight labor demand and the upward trend in labor-related costs as burdens on industry conditions. - FY2019-Q2RestatedAnnual report
「In addition to tight labor demand, labor-related costs are trending higher.」
It continues to identify tight labor demand and the upward trend in labor-related costs as burdens on industry conditions. - FY2019-Q1RestatedAnnual report
「In addition to tight labor demand, labor-related costs are trending higher.」
It continues to identify tight labor demand and the upward trend in labor-related costs as burdens on industry conditions. - FY2018RestatedAnnual report
「In addition to tight labor demand, higher labor-related costs」
It continues to identify tight labor demand and higher labor-related costs as burdens on the environment surrounding the retail industry. - FY2018-Q3RestatedAnnual report
「In addition to tight labor demand, higher labor-related costs」
It continues to identify tight labor demand and higher labor-related costs as burdens on the retail industry. - FY2018-Q2RestatedAnnual report
「In addition to tight labor demand, higher labor-related costs」
It continues to identify tight labor demand and higher labor-related costs as burdens on the retail industry. - FY2018-Q1RestatedAnnual report
「In the retail industry, in addition to tight labor demand, labor-related costs have increased」
It continues to identify tight labor demand and higher labor-related costs as factors contributing to difficult industry conditions. - FY2017-Q3First statedAnnual report
「In the retail industry, in addition to tight labor demand, the burden of labor-related costs has increased due to higher social security costs and minimum wages, among other factors」
It newly identifies tight labor demand, higher social security costs, and higher minimum wages as factors increasing the burden of labor-related costs.