Rising Labor Costs Due to Population Decline and Work-Style Reform
First written in FY2020. 5 of 10 entries say "Materialised", first in FY2026-H1. Latest entry: 2026-09-25.
Hokushin moved to the "Worse" side of this theme in 2024, 4 years after the typical company in this theme (2020).
The whole theme swung hardest in 2024: 4 of 10 companies on the "Worse" side.
2 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Manufacturing costs remained on an upward trend, as in the previous year, due not only to higher raw material prices and labor costs but also to inflation-driven increases in expenses.」
Higher labour costs actually emerged as a factor pushing up manufacturing costs, together with higher expenses due to raw-material prices and inflation. - 2026-05-14MaterialisedEarnings
「Manufacturing costs remained on an upward trend, as in the previous year, due not only to higher raw material prices and labor costs but also to inflation-driven increases in expenses.」
Higher labor costs, together with increases in raw material prices and inflation-driven expenses, were reflected in higher manufacturing costs. - FY2026-H1MaterialisedAnnual report
「In the housing industry, which has close ties with us, sentiment toward purchasing homes was trending lower due to soaring home prices resulting from higher logistics, construction-material and personnel costs, in addition to rising mortgage interest rates.」
Higher costs, including personnel costs, actually materialised as soaring home prices and weaker sentiment toward purchasing homes. - FY2024WorsenedAnnual report
「Going forward, there is concern that higher logistics costs due to the 2024 logistics problem and a shortage of workers at construction sites will lead to a further decline in new housing starts.」
In addition to higher logistics costs due to the 2024 logistics problem, a shortage of workers at construction sites was identified as a new factor worsening housing demand and the business environment. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter, there were no material changes in matters concerning the business and financial conditions described in this quarterly securities report that could have a material impact on investors' decisions, nor in the risks associated with the business and other matters described in the securities report for the previous fiscal year.」
It was stated that there had been no material changes to existing business and other risks, including higher labour costs due to population decline and work-style reform. - FY2024-Q1RestatedAnnual report
「During the cumulative first-quarter period, there were no occurrences of matters described in this quarterly securities report concerning the business or financial condition that could have a material impact on investors' decisions, and no material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It was stated that there had been no material changes to existing business and other risks, including higher labour costs due to population decline and work-style reform. - FY2023RestatedAnnual report
「In addition, higher labour costs due to work-style reform and population decline, as well as persistently high freight rates due to tighter supply and demand for delivery services, are a concern.」
Higher labour costs due to work-style reform and population decline continued to be identified as a concern in the business environment. - FY2020First statedAnnual report
「In addition, higher labour costs due to work-style reform and population decline, as well as persistently high freight rates due to tighter supply and demand for delivery services, are a concern.」
Higher labour costs driven by work-style reform and population decline were identified as a new business concern.