Talent Acquisition and Development amid Tight Labor Market Conditions

「Wages for part-time employees, who account for 80% of our domestic workforce, will be increased by 7% for the fourth consecutive year.」

「At Aeon Hokkaido Co., Ltd., profits at every level declined because the company was unable to absorb cost increases resulting from investment in human resources and rising prices, as it pursued its management vision of being a company that supports health and wellness in Hokkaido. ……」

「The group is actively recruiting and developing future leaders in Japan and overseas. From the perspectives of respect for human rights and diversity, equity and inclusion, it is also promoting the development of an environment and organizational culture in which diverse personnel can recognize and respect one another and work actively and equally, without regard to race, age, nationality or gender.」

「However, changes in the population structure resulting from the declining birthrate and aging population, among other factors, may cause the plan to fail to progress as scheduled. In addition, tightening labor supply and demand may increase employee-related costs, while the Group's initiatives and disclosures concerning human capital investment may be deemed inadequate. These factors may affect the business, financial condition and results of operations of the Group.」

「The group's business activities depend heavily on human resources, and securing and developing talented personnel in areas including store operations is essential for growth. Accordingly, the group is actively recruiting and developing future leaders in Japan and overseas. However, if these plans fail to progress as scheduled due to demographic changes resulting from the declining birthrate and aging population, or if employee-related costs increase because of tight labor supply and demand, the group's business, financial condition and results of operations could be affected.」