Japan’s Labor Shortage Problem Comes to the Fore
First written in FY2019-Q1. 3 of 7 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2025: 15 of 60 companies on the "Worse" side.
2 other companies' latest entry also says "Other".
- FY2024Reposted as a personnel and labour riskAnnual report
「Recruitment is expected to become increasingly difficult as the population declines, and securing the necessary personnel may become difficult.」
The labour shortage theme, which had previously disappeared for a period, has been explicitly identified again as a personnel and labour risk. The scope also includes shortages of personnel with advanced technical skills and specialised knowledge, occupational accidents, and harassment. - FY2022DroppedAnnual reportThe individual reference to Japan's labour shortage problem included previously cannot be found in the business environment and risk disclosures in this securities report.
- FY2020RestatedAnnual report
「Although the economic environment surrounding the Group in Japan during the fiscal year included several negative factors, such as the labour shortage resulting from the declining working-age population, rising logistics costs, and increasingly frequent natural disasters, a gradual recovery trend continued, supported by firm corporate earnings and capital investment.」
The filing continues to identify the labour shortage, rising logistics costs, and increasingly frequent natural disasters as negative factors for the domestic economy. - FY2019RestatedAnnual report
「Although the economic environment surrounding the Group in Japan during the fiscal year included several negative factors, such as the labour shortage resulting from the declining working-age population, rising logistics costs, and increasingly frequent natural disasters, a gradual recovery trend continued, supported by firm corporate earnings and capital investment.」
The filing continues to cite the labour shortage and rising logistics costs, and also identifies increasingly frequent natural disasters as negative factors for the domestic economy. - FY2019-Q3WorsenedAnnual report
「While corporate earnings and capital investment remained firm in Japan, the economic environment surrounding the Group was affected by the labour shortage resulting from the declining working-age population and rising logistics costs. In addition, share prices and foreign exchange rates fluctuated significantly toward year-end amid concerns over US-China trade friction, leading to increasingly cautious views of future economic growth.」
The scope of the concerns described has widened to include the labour shortage resulting from the declining working-age population, rising logistics costs, and significant fluctuations in share prices and foreign exchange rates, all of which were actually observed. - FY2019-Q2RestatedAnnual report
「Although the outlook for future growth in Japan remained uncertain due to various issues, including the labour shortage resulting from the declining working-age population, a gradual recovery continued as employment and income conditions continued to improve and corporate earnings and capital investment remained firm.」
The filing continues to describe the labour shortage resulting from the declining working-age population as a challenge that makes the outlook for future growth uncertain. - FY2019-Q1First statedAnnual report
「In Japan, future challenges, including the labour shortage resulting from the declining working-age population, gradually became more apparent, while current economic conditions remained firm, supported by continued robust capital investment and export trends.」
For the first time, the filing describes the labour shortage resulting from the declining working-age population as a future challenge that is gradually becoming more apparent.