Persistent labor shortages
First written in FY2018-Q1. 3 of 8 entries say "Restated". Latest entry: FY2026.
TAKEDA iP HOLDINGS moved to the "Worse" side of this theme in 2026, 2 years after the typical company in this theme (2024).
The whole theme swung hardest in 2025: 22 of 86 companies on the "Worse" side.
33 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Within the Group, securing the human resources required in the future may become difficult. In particular, addressing the aging of the workforce centered on the Dankai junior generation, developing the next generation of talent, particularly among mid-career and younger employees, and securing and promoting the active participation of diverse human resources have become important challenges.」
The company explicitly identifies human-resource security risk as a separate key risk and specifies challenges including the aging of the Dankai junior generation, the decline in Japan's working-age population, and securing global talent in connection with overseas expansion. - FY2023First statedAnnual report
「At the same time, addressing the aging of the Dankai junior generation, which represents the largest segment of our workforce, means that developing mid-career and younger employees and securing human resources will be challenges. In addition, ensuring diversity is necessary to enhance corporate competitiveness.」
After the standard reference to labor shortages disappeared, the company again explicitly identified the aging of the Dankai junior generation, the development of younger and mid-career employees, securing human resources, and diversity as human capital challenges. - FY2020DroppedAnnual reportThe current year's discussion of the business environment and business challenges contains no explicit reference to labor shortages persisting or becoming more severe.
- FY2019-Q1WorsenedAnnual report
「During the cumulative first quarter under review, Japan's economy continued to expand. In manufacturing, against a backdrop of strong economic conditions both domestically and overseas, and in non-manufacturing, as labor shortages became increasingly severe, willingness to invest in capital equipment increased in both sectors.」
The wording concerning labor shortages has changed from stating that they persisted to stating that they were becoming increasingly severe. - FY2018RestatedAnnual report
「Labor shortages persist, although conditions vary by industry.」
The description of domestic economic conditions states that labor shortages continue to persist. - FY2018-Q3RestatedAnnual report
「Labor shortages persist.」
It states that labor shortages continue to persist. - FY2018-Q2RestatedAnnual report
「Labor shortages persist.」
It states that labor shortages continue to persist. - FY2018-Q1First statedAnnual report
「Labor shortages persist.」
The description of domestic economic conditions states the structural fact that labor shortages persist.