Risk of higher labor costs due to revisions affecting part-time employees
First written in FY2017. 2 of 7 entries say "Reframed", first in FY2018. Latest entry: 2026-04-10.
Chiyoda moved to the "Worse" side of this theme in 2024, 1 year after the typical company in this theme (2023).
The whole theme swung hardest in 2025: 8 of 15 companies on the "Worse" side.
5 other companies' latest entry also says "Materialised".
- 2026-04-10MaterialisedRevision of earnings forecasts
「For the non-consolidated results, expenses increased to 103.1% of the year-earlier level because of higher prices and labor costs, but remained in line with the plan.」
The increase in expenses resulting from higher prices and labor costs was reflected in actual results at 103.1% of the year-earlier level. - FY2025-H1MaterialisedAnnual report
「Although we improved personnel efficiency and curtailed administrative expenses, some expenses were unavoidable due to wage increases, inflation and other factors. As a result, selling, general and administrative expenses increased 2.6% year on year.」
Pressure from higher labor costs and other expenses due to wage increases and inflation materialized as a 2.6% year-on-year increase in selling, general and administrative expenses in the footwear business. - FY2024ReframedAnnual report
「Our group employs a large number of part-time employees, who account for a high proportion of our workforce. Legal revisions concerning equal pay for equal work and wage increases due to inflation may increase labor costs going forward and affect our performance.」
In addition to the existing risk of legal revisions concerning equal pay for equal work, wage increases due to inflation were expressly identified as a factor that may increase labor costs. - FY2023RestatedAnnual report
「Our group employs a large number of part-time employees, who account for a high proportion of our workforce. Legal revisions concerning equal pay for equal work may increase labor costs going forward and affect our performance.」
The risk of higher labor costs resulting from legal revisions concerning equal pay for equal work continues to be disclosed. - FY2019RestatedAnnual report
「Our group employs a large number of part-time employees, who account for a high proportion of our workforce. Legal revisions concerning equal pay for equal work may increase labor costs and affect our performance.」
We continue to disclose the risk of higher labor costs resulting from legal revisions concerning equal pay for equal work. - FY2018ReframedAnnual report
「Our group employs a large number of part-time employees, who account for a high proportion of our workforce. If laws concerning equal pay for equal work are revised, labor costs may increase and affect our performance.」
The specific example of regulatory-change risk affecting part-time employees was changed from revisions to pension and other systems to legal revisions concerning equal pay for equal work. - FY2017First statedAnnual report
「Our group employs a large number of part-time employees, who account for a high proportion of our workforce. If pension and other systems are revised in the future, labor costs may increase and affect our performance.」
Against a backdrop of the high proportion of part-time employees in our workforce, higher labor costs resulting from changes to pension and other systems are disclosed as a risk.