Increase in statutory welfare expenses due to expanded social insurance coverage
First written in FY2018-Q1. 14 of 17 entries say "Worsened", first in FY2019. Latest entry: FY2027-H1.
Axial Retailing moved to the "Worse" side of this theme in 2019, 4 years before the typical company in this theme (2023).
The whole theme swung hardest in 2025: 8 of 16 companies on the "Worse" side.
11 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「Personnel expenses increased by ¥841 million from the same period of the previous year due to regular salary increases, base-pay increases, new hiring and higher social insurance contributions.」
Higher social insurance contributions, together with wage increases and new hiring, contributed to a ¥841 million year-on-year increase in personnel expenses. - FY2026WorsenedAnnual report
「Although we are pursuing appropriate staffing and higher productivity, personnel expenses increased by ¥1.853 billion from the same period of the previous year due to new hiring for new store openings and other purposes, proactive wage increases, higher social insurance contributions and other factors.」
The personnel cost burden, including higher social insurance contributions, together with wage increases and new hiring, resulted in a ¥1.853 billion increase for the full year. - FY2026-H1WorsenedAnnual report
「Personnel expenses increased by ¥1,059 million from the same period of the previous year due to regular salary increases, base-pay increases, new hiring and higher social insurance contributions.」
Higher social insurance contributions, together with wage increases and new hiring, contributed to a ¥1.059 billion year-on-year increase in personnel expenses. The personnel expense ratio was 14.5% and the labor share ratio was 50.8%. - FY2025WorsenedAnnual report
「We are working to optimize staffing and improve productivity, but personnel expenses increased by ¥1,946 million from the same period of the previous year due to new hiring resulting from new store openings and other factors, proactive wage increases and higher social insurance contributions.」
The personnel cost burden, including higher social insurance contributions, together with wage increases and new hiring, resulted in a ¥1.946 billion year-on-year increase for the full year. - FY2025-H1WorsenedAnnual report
「Personnel expenses increased by ¥1.2 billion from the same period of the previous year due to regular salary increases, base-pay increases, new hiring and higher social insurance contributions.」
Higher social insurance contributions, together with wage increases and new hiring, contributed to a ¥1.2 billion year-on-year increase in personnel expenses. - FY2024WorsenedAnnual report
「We are working to optimize staffing and improve productivity, but personnel expenses increased by ¥1,668 million from the same period of the previous year due to new hiring resulting from new store openings and other factors, proactive regular salary increases, base-pay increases and higher social insurance contributions.」
The personnel cost burden, including higher social insurance contributions and wage increases, increased by ¥1.668 billion year on year. The personnel expense ratio declined, but the total burden increased. - FY2024-Q3WorsenedAnnual report
「Personnel expenses increased by ¥789 million from the same period of the previous year due to regular salary increases and base-pay increases, new hires and higher social insurance contributions.」
Factors contributing to higher personnel expenses, including increased social insurance contributions, continued, and personnel expenses increased by ¥789 million year on year. - FY2024-Q2WorsenedAnnual report
「Personnel expenses increased by ¥449 million year on year due to regular pay raises and base-pay increases, new hires and higher social insurance contributions.」
Higher social insurance contributions continued to contribute to increased personnel expenses, and the personnel cost burden increased by ¥449 million year on year. - FY2024-Q1WorsenedAnnual report
「Personnel expenses increased by ¥188 million from the same period of the previous year due to regular salary increases, base-pay increases, new hiring and higher social insurance contributions.」
Higher social insurance contributions continued to contribute to increased personnel expenses, which rose by ¥188 million year on year. Productivity indicators improved, but the labor cost burden itself increased. - FY2023WorsenedAnnual report
「We are working to optimize staffing and improve productivity, but personnel expenses increased by ¥785 million from the same period of the previous year due to increases in personnel resulting from new store openings and other factors, regular salary increases, base-pay increases and higher social insurance contribution rates.」
Factors contributing to higher personnel expenses, including higher social insurance contribution rates, continued, and personnel expenses increased by ¥785 million year on year. Although productivity improvements and appropriate staffing are being pursued, the labor cost burden is increasing. - FY2021WorsenedAnnual report
「Although the Group is promoting optimal staffing and productivity improvements, personnel expenses increased by ¥2.119 billion from the same period of the previous year due to an increase in headcount, regular salary increases, base-pay increases and the impact of higher social insurance premium rates, among other factors.」
Factors contributing to higher personnel expenses, including higher social insurance contribution rates, continued, and personnel expenses increased by ¥2.119 billion year on year. - FY2020-Q3WorsenedAnnual report
「Personnel expenses increased by ¥375 million from the same period of the previous year. The ratio to net sales increased 0.1 percentage points to 14.0%. The labor distribution ratio, calculated as personnel expenses divided by gross profit, was 49.1%, unchanged from the same period of the previous year. The main reasons for the increase were hiring associated with new store openings, measures to offset labor shortages and an increase in the number of employees eligible for social insurance.」
The increase in the number of employees subject to social insurance continued to be cited as one factor behind higher personnel expenses. Personnel expenses increased by ¥375 million year on year, also reflecting hiring for new store openings and efforts to address labor shortages. - FY2020-Q2WorsenedAnnual report
「Personnel expenses increased by ¥151 million from the same period of the previous year. The ratio to net sales increased 0.1 percentage points to 14.2%. The labor distribution ratio, calculated as personnel expenses divided by gross profit, increased 0.4 percentage points to 50.0%. The main reasons for the increase were measures to offset labor shortages and an increase in the number of employees eligible for social insurance.」
The increase in the number of employees subject to social insurance continued to contribute to higher personnel expenses. Personnel expenses increased by ¥151 million year on year, and the personnel expense ratio was 14.2%. - FY2019WorsenedAnnual report
「Although we are pursuing appropriate staffing and higher productivity, personnel expenses as a percentage of sales increased by 0.1 percentage points from the same period of the previous year to 14.1%, due to the effects of regular salary increases, implementation of base-pay increases and higher social insurance contribution rates, among other factors.」
Even after the year-on-year impact of expanded social insurance coverage had run its course, higher social insurance contribution rates and other factors continued to drive the personnel expense ratio higher. The personnel expense ratio was 14.1% and the labor share ratio was 49.4%. - FY2018-Q3MitigatedAnnual report
「As a result, statutory welfare expenses for the cumulative third quarter increased by ¥354 million from the same period of the previous year. This year-on-year impact had largely run its course during the current third-quarter consolidated accounting period following the start of the system and is moving toward resolution.」
The increase in statutory welfare expenses due to expanded social insurance coverage reached ¥354 million, but its year-on-year impact had largely run its course during the third-quarter accounting period and is moving toward resolution. - FY2018-Q2MaterialisedAnnual report
「As a result, statutory welfare expenses for the cumulative second quarter increased by ¥302 million from the same period of the previous year. The year-on-year impact is expected to have largely run its course by the end of the third-quarter consolidated accounting period following the start of the system.」
The expansion of social insurance coverage increased statutory welfare expenses by ¥302 million year on year in the cumulative second quarter, with the impact expected to continue through the end of the third quarter following the start of the system. - FY2018-Q1MaterialisedAnnual report
「The scope of social insurance coverage was expanded from October 2016, making a considerable number of part-time employees who had previously been excluded eligible for coverage. As a result, statutory welfare expenses for the first quarter of the current consolidated cumulative period increased by ¥150 million from the same period of the previous year. A similar year-on-year impact will continue through the end of the second quarter of the current consolidated accounting period, when the effects of the system change will have run their course.」
Statutory welfare expenses increased by ¥150 million year on year due to the expansion of social insurance coverage, with the same impact expected to continue through the end of the second-quarter consolidated accounting period.