Intensifying competition, labor shortages, and rising labor costs
First written in FY2019. 1 of 2 entries say "Reframed", first in FY2026. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026ReframedAnnual report
「Securing human resources Labor shortages caused by the decline in the working-age population, difficulties in recruitment, employee outflows and mass retirements, and disruptions in the transfer of skills may make it difficult to secure a stable supply of the human resources required to operate the business, potentially resulting in lower service levels and reduced momentum for advancing the growth strategy.」
The risks were reorganized from the previous focus on intensifying competition and rising labor costs in the retail and hotel businesses to a group-wide human resources risk encompassing recruitment difficulties, employee outflows, mass retirements, and disruptions in the transfer of skills. - FY2019First statedAnnual report
「In addition, the environment surrounding the retail and hotel businesses, which have been major drivers of the improvement in group performance in recent years, has been changing, with a sharp increase in competition, labor shortages, and rising labor costs due to increases in the minimum wage, among other factors.」
For the retail and hotel businesses, increased competition, labor shortages, and rising labor costs associated with increases in the minimum wage were identified for the first time as business environment risks.