Risk of increased burden from expanded social insurance coverage for short-hour workers
First written in FY2017. 4 of 9 entries say "Restated". Latest entry: FY2026.
HIDAY HIDAKA Corp. moved to the "Worse" side of this theme in 2025, 2 years after the typical company in this theme (2023).
The whole theme swung hardest in 2025: 8 of 15 companies on the "Worse" side.
10 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「As of the end of February 2026, the Company employed 11,182 Friend employees, and, given the nature of its business, many short-hour workers are employed.」
The number of Friend employees increased from 10,886 in the previous disclosure to 11,182. In addition to the risk of higher costs resulting from changes to social insurance enrollment criteria and other factors, the risks of difficulty retaining employees due to deficiencies in labor management and of labor-management disputes and litigation continue. - FY2025WorsenedAnnual report
「As of the end of February 2025, the Company employed 10,886 Friend employees, and, given the nature of its business, many short-hour workers are employed. If laws and regulations governing short-hour workers are revised or abolished, or if there are changes in the labor market environment or other factors that result in significant changes to employee treatment, or if the pension system is changed or the enrollment criteria for Employees' Pension are expanded, the Company's performance may be affected by increases in insurance premiums and other costs borne by the Company.」
The Company disclosed 10,886 Friend employees and described the risks of changes to social insurance coverage and employee treatment, as well as difficulty retaining employees due to deficiencies in labor management and the risks of labor-management disputes and litigation. - FY2023RestatedAnnual report
「As of the end of February 2023, the company employed 8,628 Friend employees, and, given the nature of its business, a large number of short-hours workers were employed. If the pension system is changed or the eligibility criteria for enrollment in employees' pension insurance are expanded, the company's performance and other aspects of its business may be affected by increased insurance premiums borne by the company.」
The disclosure continues to describe the employment of 8,628 short-hour workers and the risk of higher costs resulting from changes to the pension system and Employees' Pension enrollment criteria. - FY2021RestatedAnnual report
「As of the end of February 2021, the company employed 7,353 Friend employees, and, given the nature of its business, a large number of short-hours workers were employed. If the pension system is changed or the eligibility criteria for enrollment in employees' pension insurance are expanded, the company's performance and other aspects of its business may be affected by increased insurance premiums borne by the company.」
The company continues to face the risk of higher costs resulting from expanded social insurance eligibility criteria and other requirements while employing 7,353 part-time workers. - FY2020RestatedAnnual report
「As of the end of February 2020, we employed 8,993 Friend employees, and, given the nature of our industry, many part-time workers. Further changes to the pension system or expansion of the eligibility criteria for Employees' Pension Insurance could affect our performance through higher insurance premiums and other costs borne by the company.」
The company continues to disclose the risk of higher insurance premium costs resulting from expanded social insurance eligibility criteria and other requirements, while employing 8,993 Friend employees. - FY2019RestatedAnnual report
「As of the end of February 2019, we employed 8,752 Friend employees, and, given the nature of our industry, many part-time workers. Further changes to the pension system or expansion of the eligibility criteria for Employees' Pension Insurance could affect our performance through higher insurance premiums and other costs borne by the company.」
The company continues to disclose the risk of higher costs resulting from expanded social insurance eligibility criteria and changes to laws concerning part-time workers, against the backdrop of 8,752 Friend employees. - FY2018ReframedAnnual report
「As of the end of February 2018, we employed 8,540 Friend employees, and, given the nature of our industry, many part-time workers. Further changes to the pension system or expansion of the eligibility criteria for Employees' Pension Insurance could affect our performance through higher insurance premiums and other costs borne by the company. Amendments to or repeal of laws concerning part-time workers, changes in labor-market conditions, or significant changes in employee compensation and other terms could also affect our performance.」
Against the backdrop of 8,540 Friend employees, the scope of the risk was expanded beyond broader social insurance eligibility criteria to include higher compensation-related costs resulting from changes to laws concerning part-time workers and labor-market conditions. - FY2018-Q3MaterialisedAnnual report
「Selling, general and administrative expenses increased due to higher personnel costs, including higher hourly wages for Friend employees (the company's term for part-time employees) and expanded social insurance coverage for short-hour workers, as well as higher expenses resulting from the increase in the enterprise tax rate under the external standard taxation system. SG&A as a percentage of net sales was 60.5% (59.8% in the same quarter of the previous year).」
The company states that higher labor costs from expanded social insurance coverage for part-time workers actually occurred. Labor costs were 60.5% of revenue, up from 59.8% in the same quarter of the previous year. - FY2017First statedAnnual report
「As of the end of February 2017, we employed 8,123 Friend employees, and, given the nature of our industry, many part-time workers. The eligibility criteria for social insurance coverage were expanded in October 2016. Further changes to the pension system or expansion of the eligibility criteria for Employees' Pension Insurance could affect our performance through higher insurance premiums and other costs borne by the company.」
The disclosure identifies higher insurance premium costs resulting from further expansion of social insurance eligibility criteria and other requirements as a risk, given the employment of 8,123 Friend employees.