Deterioration of the operating environment due to labor shortages
First written in FY2018-Q2. 3 of 6 entries say "Restated". Latest entry: FY2026.
Sugi Holdings 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: 15 of 29 companies on the "Worse" side.
19 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Due to the declining working-age population and intensifying recruitment competition, if securing and developing the necessary personnel does not proceed as planned, this could delay new store openings, reduce customer service quality and affect business performance.」
The labor shortage risk is explicitly described as potentially causing delays in new store openings and a decline in service quality as a result of the shrinking working-age population and intensifying recruitment competition. - FY2025WorsenedAnnual report
「Due to domestic inflationary pressures and the worsening labor shortage, the uncertain outlook is expected to continue.」
Labor shortages are explicitly identified as a worsening business-environment risk, rather than solely as a source of higher labor costs and difficulty securing qualified personnel. - FY2020RestatedAnnual report
「There are also concerns, including securing pharmacists and registered salespersons.」
Securing pharmacists and registered salespersons continues to be cited as a concern arising from the industry environment. - FY2020-Q3RestatedAnnual report
「The challenging business environment surrounding the Group continued, including higher labor and logistics costs resulting from labor shortages.」
Labor shortages continue to be cited, along with higher labor and logistics costs, as factors contributing to the challenging business environment. - FY2020-Q2RestatedAnnual report
「The difficult operating environment surrounding the Group continued, including intensifying competition with rivals to open stores and sales competition across industry boundaries, labour shortages, and soaring labour costs.」
Labor shortages continue to be cited, along with competition for store openings and sales competition, as factors contributing to the challenging business environment. - FY2018-Q2First statedAnnual report
「The challenging business environment surrounding the Company continued, partly due to labor shortages.」
This filing explicitly states that labor shortages are contributing to the challenging business environment surrounding the Company.