Risk of Lost Orders Due to Talent Shortages
First written in FY2016. 21 of 34 entries say "Worsened", first in FY2017-Q1. Latest entry: FY2026.
Hirayama Holdings moved to the "Worse" side of this theme in 2016, 7 years before 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
「Meanwhile, the seasonally adjusted unemployment rate in May 2026 was unchanged month on month at 2.5%. The seasonally adjusted effective job openings-to-applicants ratio fell 0.01 points month on month to 1.17. This was the first decline in 2 months, as new job openings decreased because of rising prices and labor-saving measures.」
The effective job openings-to-applicants ratio fell to 1.17, and new job openings decreased because of rising prices and labor-saving measures. Hiring costs and labor costs also continued to rise, and the challenging environment for securing personnel persisted. - FY2026-H1WorsenedAnnual report
「Meanwhile, the seasonally adjusted unemployment rate in November 2025 was 2.6%, unchanged from the previous month. The seasonally adjusted effective job openings-to-applicants ratio was also unchanged month on month at 1.18. Companies were seen holding back on recruitment because of rising prices, labor-saving measures, and increases in the minimum wage.」
With the unemployment rate at 2.6% and the effective job openings-to-applicants ratio at 1.18, labor shortages continued, while recruitment was being restrained because of rising prices, labor-saving measures, and increases in the minimum wage. - FY2025-H1WorsenedAnnual report
「Meanwhile, Japan's seasonally adjusted unemployment rate in November 2024 was 2.5%, and the seasonally adjusted effective job openings-to-applicants ratio was 1.25, both unchanged month on month. Although labor shortages were unchanged, some companies held back on recruiting because of higher costs resulting from rising prices.」
Although labor shortages continue, the company also describes some companies holding back on recruitment because of higher costs resulting from rising prices, indicating that the challenging hiring environment continues. - FY2024WorsenedAnnual report
「However, even if these measures are implemented, if 平山グループ is unable to secure the personnel it requires as planned, this could affect its performance through lost sales opportunities, higher cost of sales, and higher selling, general and administrative expenses.」
The company continues to explicitly identify the risk that, even after implementing recruitment measures, failure to secure personnel could result in lost sales opportunities and higher cost of sales and selling, general and administrative expenses. - FY2024-Q3WorsenedAnnual report
「In recruitment, the retention of employees hired as new graduates in 2023 contributed to stable production. Meanwhile, as business conditions improved, including a recovery in the service industry, the hiring environment for mid-career employees began to become more challenging than in the previous fiscal year.」
The company explains that although new graduate hires have been retained, the hiring environment for mid-career employees has become more challenging than in the previous fiscal year, while hiring costs and labor costs are also trending higher. - FY2024-Q2WorsenedAnnual report
「In recruitment, the retention of employees hired as new graduates in 2023 contributed to stable production. Meanwhile, as business conditions improved, including a recovery in the service industry, the hiring environment for mid-career employees began to become more challenging than in the previous fiscal year.」
The company explains that although new graduate hires have been retained, the hiring environment for mid-career employees has begun to become more challenging than in the previous fiscal year. - FY2024-Q1WorsenedAnnual report
「In recruitment, the retention of employees hired as new graduates in 2023 contributed to stable production. Meanwhile, as business conditions improved, including a recovery in the service industry, the hiring environment for mid-career employees began to become more challenging than in the previous fiscal year.」
The company explains that although new graduate hires have been retained, the hiring environment for mid-career employees has begun to become more challenging than in the previous fiscal year. - FY2023WorsenedAnnual report
「Since 2022, Japan as a whole has faced labor shortages, causing advertised wages for new hires to rise across all job categories.」
The company explains that advertised wages have risen across all job categories, and that labor shortages in the service industry have spilled over into wages and hiring costs in manufacturing. Mid-career hiring of engineers also remains difficult. - FY2023-Q3RestatedAnnual report
「Meanwhile, although we are strengthening recruitment efforts with a view to medium- and long-term growth, labor shortages in the industry have not been resolved, and the challenging situation in securing engineers, regardless of experience, continues.」
Although recruitment efforts have been strengthened, the challenging situation in securing engineers, regardless of experience, continues. - FY2023-Q2RestatedAnnual report
「Meanwhile, although we are strengthening recruitment efforts with a view to medium- and long-term growth, labor shortages in the industry have not been resolved, and the challenging situation in securing engineers, regardless of experience, continues.」
Although recruitment efforts have been strengthened, the challenging situation in securing engineers, regardless of experience, continues. - FY2023-Q1WorsenedAnnual report
「In recruitment, new graduates have remained with the company and contributed to production stability. Meanwhile, as the economy recovered, the hiring environment for mid-career recruitment began to worsen, and recruitment costs rose due to factors including increases in the minimum wage. The company nevertheless strengthened recruitment through diversified channels, social media and employee networks.」
As the economic recovery began to make mid-career hiring more difficult, hiring costs rose due in part to increases in the minimum wage. - FY2022-Q2WorsenedAnnual report
「Meanwhile, although we are strengthening recruitment efforts with a view to medium- and long-term growth, labor shortages in the industry have intensified, making it difficult to secure engineers regardless of whether they have prior experience, and resulting in a challenging situation.」
Although recruitment efforts have been strengthened, the company states that it is struggling to secure engineers regardless of experience, indicating that the risk of personnel shortages is becoming more severe. - FY2022-Q1WorsenedAnnual report
「Meanwhile, although we had been strengthening recruitment efforts with a view to medium- and long-term growth, we faced severe difficulty securing engineers, both with and without prior experience, resulting in a challenging situation.」
Although recruitment efforts have been strengthened, the company is struggling to secure engineers both with and without prior experience, and constraints on meeting customer needs due to personnel shortages are becoming more apparent. - FY2021WorsenedAnnual report
「We had traditionally focused on mid-career hiring, but as the average age has shifted from the 40s to the 50s, we have faced difficulty hiring younger mid-career employees. In light of this situation, we will shift our focus to new graduate hiring and further expand and strengthen these efforts.」
The difficulty of hiring younger mid-career employees was explicitly stated, indicating the need to shift the focus to new graduate hiring. The risk of securing personnel continues and has become more specific. - FY2021-Q3SoftenedAnnual report
「Meanwhile, the unemployment rate in February 2021 was unchanged month on month at 2.9%, while the effective job openings-to-applicants ratio fell 0.01 points to 1.09.」
The effective job openings-to-applicants ratio was 1.09, up from 1.06 at the time of the previous report, indicating some easing in the labor shortage environment. However, the ratio declined month on month. - FY2021-Q2SoftenedAnnual report
「Meanwhile, the unemployment rate in November 2020 improved by 0.2 points month on month to 2.9%, while the effective job openings-to-applicants ratio rose 0.02 points to 1.06.」
The unemployment rate and effective job openings-to-applicants ratio both improved from the previous month, with the ratio rising to 1.06 from 1.04 at the time of the previous report. The severity of the labor shortage environment eased to some extent. - FY2021-Q1SoftenedAnnual report
「Although the unemployment rate in August 2020 improved by 0.1% from the previous month to 3.0%, the number of unemployed people exceeded 2 million, and the effective job openings-to-applicants ratio fell 0.04 points to 1.04, its lowest level in 6 years and 7 months.」
The effective job openings-to-applicants ratio fell to 1.04, its lowest level in 6 years and 7 months. The unemployment rate was 3.0%, indicating a pause in the previously extremely severe labor shortage environment. - FY2020RestatedAnnual report
「However, if these measures fail to function as intended and the group is unable to secure the personnel it requires as planned, this could affect the group's performance through lost sales opportunities, higher cost of sales, and higher selling, general and administrative expenses.」
The company continues to disclose the risk of lost sales opportunities and higher costs if its recruitment measures fail to secure the necessary personnel as planned. - FY2020-Q3SoftenedAnnual report
「Meanwhile, the unemployment rate in February was 2.4%, while the effective job openings-to-applicants ratio fell 0.04 points month on month to 1.45, and some manufacturers were seen dismissing employees.」
The effective job openings-to-applicants ratio fell to 1.45, and some manufacturers were reportedly dismissing employees, indicating a pause in the severity of labor shortages. - FY2020-Q1RestatedAnnual report
「Meanwhile, although labor shortages continued, the effective job openings-to-applicants ratio in September deteriorated by 0.02 points month on month to 1.57, while the unemployment rate also deteriorated by 0.2% month on month to 2.4%. As corporate hiring sentiment showed signs of easing, job seekers actively left their jobs voluntarily and sought positions offering better wages and conditions.」
The effective job openings-to-applicants ratio was 1.57, indicating that labor shortages continued. The company explained that both the ratio and the unemployment rate deteriorated month on month, while corporate hiring sentiment showed signs of easing. - FY2019RestatedAnnual report
「Meanwhile, the effective job openings-to-applicants ratio in May was 1.62, exceeding the level seen during the bubble era, and labor shortages across industries had become extremely acute. As the employment environment improved on strong corporate hiring demand, the unemployment rate was 2.4%, with more people voluntarily leaving their jobs and actively seeking positions offering better wages and conditions.」
The effective job openings-to-applicants ratio was 1.62, among other indicators, and the company continued to report extremely severe labor shortages across industries. - FY2019-Q3RestatedAnnual report
「Meanwhile, in December, the effective job-openings-to-applicants ratio was 1.63, exceeding the level seen during the bubble economy, and labor shortages became extremely acute across industries. As the employment environment improved on the back of strong corporate hiring demand, the unemployment rate was 2.4%, with more people voluntarily leaving their jobs and actively seeking positions offering better pay and conditions.」
The effective job openings-to-applicants ratio was 1.63, among other indicators, and the perception of severe labor shortages across industries has continued. - FY2019-Q2RestatedAnnual report
「Meanwhile, in December, the effective job-openings-to-applicants ratio was 1.63, exceeding the level seen during the bubble economy, and labor shortages became extremely acute across industries. As the employment environment improved on the back of strong corporate hiring demand, the unemployment rate was 2.4%, with more people voluntarily leaving their jobs and actively seeking positions offering better pay and conditions.」
The effective job openings-to-applicants ratio was 1.63, and the perception of severe labor shortages across industries has continued. - FY2019-Q1WorsenedAnnual report
「In September, the unemployment rate was 2.3% and the effective job-openings-to-applicants ratio was 1.64, exceeding the level seen during the bubble economy, and labor shortages became extremely acute across industries. Against this backdrop, capital investment remained solid.」
The effective job-openings-to-applicants ratio rose to 1.64 from 1.62 in the previous period. Labor shortages remained extremely acute across industries. - FY2018WorsenedAnnual report
「In June, the unemployment rate was 2.4% and the effective job-openings-to-applicants ratio was 1.62, exceeding the level seen during the bubble economy, and labor shortages became extremely acute across industries.」
The effective job-openings-to-applicants ratio rose to 1.62 from 1.59 in the previous quarter. Labor shortages remained extremely acute across industries. - FY2018-Q3RestatedAnnual report
「In March, the unemployment rate was 2.5% and the effective job-openings-to-applicants ratio was 1.59, exceeding the level seen during the bubble economy, and labor shortages became extremely acute across industries.」
The statement continued to describe labor shortages as extremely acute across industries, citing an effective job-openings-to-applicants ratio of 1.59. - FY2018-Q2WorsenedAnnual report
「In December, the unemployment rate was 2.8% and the effective job-openings-to-applicants ratio was 1.59, exceeding the level seen during the bubble economy, and labor shortages became extremely acute across industries.」
The effective job-openings-to-applicants ratio rose to 1.59, and the statement described labor shortages as extremely acute across industries. - FY2018-Q1WorsenedAnnual report
「In September, the effective job-openings-to-applicants ratio was 1.52, exceeding the level seen during the bubble economy, and labor shortages became extremely acute across industries.」
The effective job-openings-to-applicants ratio was 1.52, and the statement described labor shortages as extremely acute across industries. The statement itself did not explicitly mention lost order opportunities due to the labor shortage. - FY2017-Q3WorsenedAnnual report
「However, the challenging recruitment environment has not eased. Recruitment-related costs have continued to trend higher, and difficulties in securing and retaining personnel have persisted.」
In addition to higher recruitment costs due to the labor shortage, the company continued to face difficulty securing and retaining personnel. - FY2017-Q2WorsenedAnnual report
「In the insourcing (contract manufacturing) business, outsourcing costs increased at major customers as labor shortages worsened. In addition, employee training and improvement in work proficiency progressed less than expected, preventing the company from improving production efficiency, and a fundamental improvement in profitability was not achieved.」
The labor shortage at major business partners worsened further, resulting in higher outsourcing costs and lower production efficiency. - FY2017-Q1WorsenedAnnual report
「The employment environment remained challenging, with recruitment costs per person increasing and the company continuing to face difficulty securing the personnel it needs, including for newly developed business relationships.」
The labor shortage continued, with recruitment costs per person increasing and ongoing difficulty securing the necessary personnel, including for new business relationships. - FY2016First statedAnnual report
「In June 2016, the active job-openings-to-applicants ratio was 1.37, up 0.18 points from the previous June. While employment conditions continued to improve, this became a headwind for recruitment and had a significant impact on securing the personnel required for our contract and staffing businesses.」
Although inquiries increased, severe labor shortages prevented personnel and jobs from being matched in some cases, resulting in lost orders.