Labor Shortages and Rising Labor and Outsourced Delivery Costs
First written in FY2021. 8 of 13 entries say "Materialised", first in FY2023-Q1. Latest entry: 2026-08-13.
Iceco moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
The whole theme swung hardest in 2026: 10 of 12 companies on the "Worse" side.
2 other companies' latest entry also says "Materialised".
- 2026-08-13MaterialisedEarnings
「On the earnings front, in addition to sluggish sales of ice cream products due to unfavorable weather, increases in personnel and logistics costs resulted in operating income of ¥142 million, down 44.3% from the same quarter of the previous year, ordinary income of ¥142 million, down 46.8%, and quarterly net income of ¥94 million, down 45.6%.」
Increases in personnel and logistics costs actually occurred and, together with lower sales due to unfavorable weather, contributed to the decline in earnings. - FY2026RestatedAnnual report
「For the fiscal year, sales were ¥57,716 million, up 5.5% year on year, and gross profit was ¥9,991 million, up 4.4%, owing to solid transactions with major customers, including drugstores and discount stores. Although personnel and recruitment expenses increased as a result of intensified recruitment, improved delivery efficiency limited selling, general and administrative expenses to ¥9,209 million, up 2.9% year on year, and operating profit was ¥782 million, up 24.6%.」
Although labor and recruitment costs continued to rise as recruitment was strengthened, the company states that improved delivery efficiency limited the impact on profit. - 2026-05-13MaterialisedEarnings
「Although personnel expenses and recruitment costs increased as a result of intensifying recruitment efforts, improvements in delivery efficiency kept selling, general and administrative expenses to ¥9,209 million, up 2.9% year on year, and operating income rose 24.6% to ¥782 million.」
The increase in personnel expenses and recruitment costs resulting from intensified recruitment efforts was recorded, while improvements in delivery efficiency restrained the increase in selling, general and administrative expenses. - FY2025-H1MaterialisedAnnual report
「Due to higher labor and recruitment costs resulting from revisions to the personnel system and stronger recruitment in the frozen foods business, operating profit was ¥551 million, down 5.6% year on year, ordinary profit was ¥587 million, down 4.6%, and interim net profit was ¥382 million, down 3.8%.」
Higher labor and recruitment costs accompanying revisions to the personnel system and stronger recruitment actually occurred and became factors behind the decline in profit. - FY2024MaterialisedAnnual report
「Although the food distribution and supermarket industries in which the company operates have made progress in passing on higher raw-material, labor and fuel costs, a challenging operating environment is expected to continue, amid concerns over the impact of further increases in logistics and labor costs resulting from the 2024 logistics problem, in addition to consumers' increasing preference for saving.」
The company explicitly identifies concerns over further increases in logistics and labor costs resulting from labor shortages, rising labor costs and the 2024 logistics problem. It has also disclosed actual increases in labor and temporary staffing costs. - FY2024-Q2RestatedAnnual report
「In the food distribution and supermarket businesses in which we operate, the pass-through of higher raw material, labor and fuel costs is creating a challenging operating environment in which consumers are becoming increasingly focused on saving.」
The company continues to describe a challenging environment in which costs such as labor and fuel expenses continue to rise, alongside the passing of costs on to prices and consumers' preference for saving. - FY2024-Q1MaterialisedAnnual report
「In the food distribution and supermarket businesses in which we operate, the pass-through of higher raw material, labor and fuel costs is creating a challenging operating environment in which consumers are becoming increasingly focused on saving.」
Rising costs such as labor and fuel expenses have continued to occur, and the company describes the operating environment as challenging due to the combination of passing costs on to prices and consumers' preference for saving. - FY2023MaterialisedAnnual report
「Although the company worked to improve productivity through digital transformation and reduce fixed costs, profit conditions remained challenging due to higher labor and temporary staffing costs accompanying increased sales, higher costs resulting from soaring fuel expenses such as diesel and electricity, and a time lag in passing these higher costs on to prices.」
Higher labor and temporary staffing costs actually occurred and, together with soaring fuel costs, squeezed profit in the frozen-food business. - FY2023-Q3RestatedAnnual report
「However, in the frozen-food business, higher labor costs accompanying increased sales and soaring fuel prices resulted in operating income of ¥157 million, down 68.0% year on year, ordinary income of ¥197 million, down 62.7%, and quarterly net income of ¥156 million, down 58.2%.」
Higher labor costs accompanying increased sales continued in the frozen-food business and, together with soaring fuel prices, became a factor behind the decline in profit. - FY2023-Q2MaterialisedAnnual report
「In the frozen-food business, sales remained firm due to new store openings and other factors at drugstores, its major customers. However, the increase in labor and temporary staffing costs accompanying higher sales, together with higher costs resulting from soaring fuel expenses such as diesel and electricity, resulted in sales of ¥19,807 million, up 8.6% year on year, and segment profit of ¥372 million, down 21.6%.」
Higher labor and temporary staffing costs actually occurred and, together with soaring fuel costs such as diesel and electricity, became factors in the decline in profit in the frozen-food business. - FY2023-Q1MaterialisedAnnual report
「However, in the frozen-food business, higher labor costs accompanying increased sales and soaring fuel prices resulted in operating income of ¥57 million, down 66.0% year on year, ordinary income of ¥67 million, down 61.6%, and quarterly net income of ¥43 million, down 64.5%.」
The frozen-food business actually incurred higher labor costs accompanying increased sales, which were cited as a factor behind the decline in profit. - FY2022RestatedAnnual report
「As the working-age population declines with the declining birthrate and aging population, the company, which operates logistics functions, needs to improve productivity through labor-saving and efficiency measures to ensure a stable supply of products, as well as strengthen recruitment to secure personnel.」
The company continues to recognize the risks of a declining working-age population, difficulty securing personnel and rising labor and outsourced delivery costs, and cites labor-saving and efficiency measures and stronger recruitment as countermeasures. - FY2021First statedAnnual report
「However, labor shortages caused by the decline in Japan's working-age population and rising labor costs have recently become issues across the Japanese economy. If labor costs rise further or the company is unable to secure sufficient personnel as planned, additional costs such as labor and outsourced delivery expenses may arise, potentially affecting its operating results and financial condition.」
The company identifies the increasing difficulty of securing personnel, including delivery staff, and additional labor and outsourced delivery costs as risks.