Increase in Labor Costs Amid Labor Shortages
First written in FY2019-Q2. 2 of 5 entries say "Materialised", first in FY2019. Latest entry: FY2024.
Yokohama Maruuo moved to the "Worse" side of this theme in 2019, 1 year before the typical company in this theme (2020).
The whole theme swung hardest in 2022: 25 of 57 companies on the "Worse" side.
29 other companies' latest entry also says "Worsened".
- FY2024WorsenedAnnual report
「Constraints on supply due to worsening labour shortages became a concern.」
Labour shortages are described not merely as a cause of higher costs but as a concern creating supply-side constraints. - FY2020-Q2MaterialisedAnnual report
「A difficult operating environment continues, including higher logistics costs due to labour shortages and other factors.」
Higher logistics costs due to labour shortages and other factors are described as an actual cost burden affecting the seafood wholesale business this quarter. - FY2020-Q1RestatedAnnual report
「A challenging business environment continues, due not only to consumers' entrenched preference for low prices but also to the impact of higher transaction prices accompanying increased global demand for fisheries resources and rising logistics costs.」
Higher logistics costs continue to be cited as a factor contributing to the difficult operating environment for the seafood wholesale business. This time, no causal relationship with labour or logistics-vehicle shortages was indicated. - FY2019MaterialisedAnnual report
「The seafood wholesale business recorded lower revenue and operating profit as costs rose due to shortages of labour and logistics vehicles, price increases progressed as a result of higher raw-material prices, procurement prices remained high amid stronger overseas demand, the anisakis issue resurfaced, and initiatives at the new company were delayed.」
In addition to labour shortages, a shortage of logistics vehicles was explicitly identified, and the resulting cost increases were described as having affected the seafood wholesale business’s actual decline in revenue and operating profit. - FY2019-Q2First statedAnnual report
「Increase in Labor Costs Amid Labor Shortages」
The company has disclosed for the first time that higher labour costs due to labour shortages are a concern surrounding the domestic economy this quarter. No company-specific impact or direct impact on business performance has been indicated.