Increase in Labor and Other Expenses Due to Minimum Wage Increases
First written in FY2019-Q1. 4 of 5 entries say "Restated". Latest entry: FY2024-Q3.
The whole theme swung hardest in 2023: 7 of 11 companies on the "Worse" side.
8 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The filing states that there have been no material changes to the risk of higher expenses associated with minimum wage increases and other factors. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The filing states that there have been no material changes to the risk of higher expenses associated with minimum wage increases and other factors. - FY2023-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The filing states that there have been no material changes to the previously disclosed risk of higher expenses associated with minimum wage increases and other factors. - FY2020-Q1RestatedAnnual report
「In addition, segment profit (operating profit) was ¥220 million (89.5% year on year), mainly because personnel and other expenses increased following the minimum wage increase.」
Higher personnel and other expenses associated with the minimum wage increase continue to be identified as a factor behind the decline in operating profit in the General Merchandise Retail business. - FY2019-Q1First statedAnnual report
「Segment profit (operating profit) was ¥246 million (95.2% year on year), mainly because personnel and other expenses increased following the minimum wage increase.」
The filing explicitly identifies higher personnel and other expenses associated with the minimum wage increase as a factor behind the decline in operating profit in the General Merchandise Retail business.