Pressure on Profitability from Labor Shortages and Rising Labor Costs
First written in FY2019. 8 of 14 entries say "Restated". Latest entry: FY2026.
Asakuma moved to the "Worse" side of this theme in 2020, 3 years before the typical company in this theme (2023).
The whole theme swung hardest in 2025: 19 of 33 companies on the "Worse" side.
3 other companies' latest entry also says "Other".
- FY2026The labor-cost ratio declined, but labor shortages and cost increases continueAnnual report
「Against a backdrop of chronic labor shortages, increases in recruitment and training costs due to employee turnover and other factors, as well as rising minimum hourly wages for part-time workers, continue.」
While pointing to the continuing risks of labor shortages, recruitment and training costs associated with employee turnover, and rising minimum hourly wages, the company reduced total personnel expenses to 25.4% of sales. - FY2025Labor-cost ratio edged down, but cost increases continueAnnual report
「We expect labor-related costs associated with the shortage of personnel to continue rising, but through efficiency improvements, total personnel expenses were held to 25.7% of sales in the current fiscal year, down 0.1 percentage points year on year.」
While acknowledging that labor shortages, rising minimum hourly wages, and higher recruitment and training costs will continue, the company reduced total personnel expenses to 25.7% of sales, down 0.1 percentage points year on year. - FY2024WorsenedAnnual report
「Although we expect personnel-related costs associated with labor shortages to continue rising, we have pursued greater efficiency, bringing total personnel costs as a percentage of sales for the consolidated fiscal year to 25.8%, up 0.6% year on year.」
Labor shortages and rising labor costs remain ongoing challenges, with total personnel expenses at 25.8% of sales, up 0.6 percentage points year on year. - FY2024-Q2RestatedAnnual report
「High raw material prices, rising energy prices and severe labor shortages remain concerns, leaving the business environment persistently uncertain.」
Persistently high raw material and energy prices and severe labor shortages continue to be identified as concerns in the business environment. - FY2024-Q1RestatedAnnual report
「High raw material prices, rising energy prices and severe labor shortages remain concerns, creating an operating environment with a difficult-to-predict outlook.」
The company has reaffirmed severe labor shortages as an ongoing concern for the food-service industry. - FY2023RestatedAnnual report
「To address the ongoing challenges of labor shortages and rising labor costs, our group has adopted its own approach, Cantales Management, which eliminates the boundary between staff and customers as far as possible」
The company continues to recognize labor shortages and rising labor costs as ongoing challenges. Although total personnel costs as a percentage of sales declined, it states that personnel-related costs are expected to continue rising. - FY2022RestatedAnnual report
「Although personnel-related costs associated with labor shortages are expected to continue increasing, efficiency initiatives brought the total personnel cost-to-sales ratio for the consolidated fiscal year to 27.5%, down 1.4 percentage points year on year.」
The company continues to recognize labor shortages and rising personnel-related costs as risks, although the total personnel cost-to-sales ratio declined to 27.5%. - FY2022-Q3RestatedAnnual report
「Recently, there has been discussion of shortages of part-time and temporary staff in the food-service industry,」
The company has reaffirmed shortages of part-time and temporary staff as an ongoing personnel-related challenge in the food-service industry. - FY2021WorsenedAnnual report
「Total personnel costs as a percentage of sales for the consolidated fiscal year were 28.8%, up 1.9% year on year, and we expect personnel-related costs to continue rising for the time being.」
Total personnel costs as a percentage of sales rose 1.9 percentage points year on year to 28.8%, and the company indicated that personnel-related costs are expected to continue rising. - FY2020WorsenedAnnual report
「Total personnel costs as a percentage of sales for the consolidated fiscal year were 26.9%, up 1.7% year on year, and we expect personnel-related costs to continue rising for the time being.」
Regarding the risks of labor shortages and rising labor costs, total personnel costs as a percentage of sales reached 26.9%, up 1.7% year on year, indicating that the upward trend is expected to continue for the time being. - FY2020-Q3RestatedAnnual report
「The food-service industry continues to face a difficult operating environment due to factors including weather-related increases in raw material costs, rising labor costs amid labor shortages, closures and reduced operating hours caused by a succession of natural disasters from September onward, their psychological impact on consumers, and increased consumer frugality following the consumption tax hike in October.」
The company has reaffirmed the difficult environment in the food-service industry, with labor shortages and rising labor costs continuing. - FY2020-Q2RestatedAnnual report
「Although employment appears to have bottomed out somewhat, the sense of labor shortage has not been resolved, and securing personnel remains an immediate challenge in the food-service industry as well.」
Although employment appears to have bottomed out, labor shortages and the challenge of securing personnel continue. - FY2020-Q1RestatedAnnual report
「At the same time, the industry remains in a difficult situation due to factors including rising personnel-related costs resulting from shortages of part-time and temporary staff.」
Shortages of part-time and temporary staff and rising personnel-related costs continue to pressure the profitability environment in the food-service industry. - FY2019First statedAnnual report
「In the restaurant industry, difficulties in recruiting caused by worsening labor shortages and rising personnel costs are putting pressure on profitability across the industry.」
Recruitment difficulties and rising personnel costs are identified as risks affecting new openings, existing-restaurant operations and profitability.