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Zero (9028) · RiskMaterialised

Securing and Developing Talent and Rising Personnel Costs

First written in FY2016. 9 of 21 entries say "Restated". Latest entry: FY2026.

21entries
11years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2019-Q2 – FY2020-Q3MitigatedFY2021MaterialisedFY2024-Q1 – FY2024-Q22016: 22017: 420172018: 320182019: 320192020: 220202021: 120212022: 020222023: 120232024: 120242025: 120252026: 32026
Same theme, other companies
Compound risks of labor shortages, employee turnover, and rising wages and social insurance premiumsA theme 49 companies write about · 49 as a headwind · 0 as a tailwind

Zero moved to the "Worse" side of this theme in 2016, 8 years before the typical company in this theme (2024).

The whole theme swung hardest in 2025: 14 of 28 companies on the "Worse" side.

5 other companies' latest entry also says "Materialised".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 49 companies compared. The sentences above are computed from all 49.
Full recordFilings, disclosures and news, newest first
  1. FY2026MaterialisedAnnual report

    「In the human resources services business, labour costs rose due to increases in the minimum wage and the hiring of indirect personnel, although」

    Higher labour costs associated with increases in the minimum wage and the hiring of indirect personnel have emerged as actual cost factors in the human resources business for the current year.
  2. 2026-05-14MaterialisedFinancial results briefing materials

    「Higher labor costs due to minimum-wage increases and the hiring of indirect staff」

    Higher minimum wages and the hiring of indirect staff continue to weigh on results in the human resources services business.
  3. FY2026-H1MaterialisedAnnual report

    「Profit in the human resources services business declined as labour costs rose due to increases in the minimum wage and the hiring of indirect personnel,」

    Higher labour costs associated with increases in the minimum wage and the hiring of indirect personnel have emerged as actual factors squeezing profit in the human resources business.
  4. FY2025RestatedAnnual report

    「The occupation of motor vehicle driver, which is responsible in particular for vehicle transport in the domestic automotive-related business and shuttle and dispatch services in the human resources business, faces the risk of rising labour costs because the effective job-openings-to-applicants ratio remains high.」

    The persistently high effective job-openings-to-applicants ratio for motor vehicle drivers and rising labour costs continue to be identified as risks to securing personnel.
  5. FY2024-Q2MaterialisedAnnual report

    「Segment profit declined because costs were incurred to launch the driver recruitment portal site "運転ドットコム" and recruitment and labour costs rose in response to increases in the consumer price index and the minimum wage.」

    Higher recruitment and labour costs continue to emerge in actual results as factors reducing profit in the human resources business.
  6. FY2024-Q1MaterialisedAnnual report

    「Segment profit declined because costs were incurred to launch the driver recruitment portal site "運転ドットコム" and recruitment and labour costs rose in response to increases in the consumer price index and the minimum wage.」

    Higher recruitment and labour costs associated with securing personnel have emerged as actual factors reducing profit in the human resources business.
  7. FY2021MitigatedAnnual report

    「As measures to address this business risk, the Group has taken steps to secure driving personnel and curb ageing, including beginning to recruit new graduates for driving positions several years ago.」

    The Group specifically states that it recruits new graduates for driving positions in response to personnel shortages and an ageing workforce.
  8. FY2020-Q3RestatedAnnual report

    「As labour supply and demand have tightened with the economic recovery, recruitment difficulties and rising labour costs in major metropolitan areas have become increasingly serious. In response, the Group has promoted a shift away from major metropolitan areas, strengthened its sales structure in each region, and continuously reviewed its product portfolio strategically.」

    The Group continues to respond to the increasingly serious recruitment difficulties and rising labour costs in major metropolitan areas through a shift to regional areas, a stronger regional sales structure and a review of its product portfolio.
  9. FY2020-Q2RestatedAnnual report

    「As labour supply and demand have tightened with the economic recovery, recruitment difficulties and rising labour costs in major metropolitan areas have become increasingly serious. In response, the Group has promoted a shift away from major metropolitan areas, strengthened its sales structure in each region, and continuously reviewed its product portfolio strategically. Revenue increased as the existing contract shuttle and driver dispatch businesses remained solid and the newly entered airport business contributed to higher sales. Profit also increased as the temporary recruitment advertising expenses incurred in the previous year ceased and a review of the pricing strategy proved effective.」

    The Group continues to recognise that recruitment difficulties and rising labour costs in major metropolitan areas are becoming increasingly serious. It also states that the temporary recruitment advertising expenses incurred in the previous year have ceased.
  10. FY2020-Q1RestatedAnnual report

    「As labour supply and demand have tightened with the economic recovery, recruitment difficulties and rising labour costs in major metropolitan areas have become increasingly serious. In response, the Group has promoted a shift away from major metropolitan areas, strengthened its sales structure in each region, and continuously reviewed its product portfolio strategically.」

    The Group continues to respond to the increasingly serious recruitment difficulties and rising labour costs in major metropolitan areas by shifting to regional areas, strengthening its sales structure and reviewing its product portfolio.
  11. FY2019-Q3RestatedAnnual report

    「As labour supply and demand have tightened with the economic recovery, recruitment difficulties and rising labour costs in major metropolitan areas have become increasingly serious. In response, the Group has promoted a shift away from major metropolitan areas, strengthened its sales structure in each region, and continuously reviewed its product portfolio strategically.」

    The Group continues to respond to the increasingly serious recruitment difficulties and rising labour costs in major metropolitan areas by shifting to regional areas and strengthening its sales structure.
  12. FY2019-Q2Temporary increase in recruitment advertising expensesAnnual report

    「Profit declined due in part to a temporary increase in recruitment advertising expenses.」

    Higher costs associated with securing personnel have emerged as an actual factor reducing profit in the human resources business.
  13. FY2019-Q1MaterialisedAnnual report

    「As labour supply and demand have tightened with the economic recovery, recruitment difficulties and rising labour costs in major metropolitan areas have become increasingly serious. In response, the Group has promoted a shift away from major metropolitan areas, strengthened its sales structure in each region, and continuously reviewed its product portfolio strategically.」

    Recruitment difficulties and rising labour costs in major metropolitan areas continue, and the Group describes a situation requiring a response through a shift to regional areas and a stronger sales structure.
  14. FY2018WorsenedAnnual report

    「Although corporate demand for personnel is trending higher as the economy recovers, rising labour costs and recruitment difficulties in major metropolitan areas are becoming increasingly serious.」

    The Group continues to describe recruitment difficulties as becoming increasingly serious in addition to rising labour costs, and identifies higher recruitment expenses as a factor reducing profit in the human resources business.
  15. FY2018-Q2RestatedAnnual report

    「Although corporate demand for personnel is trending higher as the economy recovers, rising labour costs and labour shortages in major metropolitan areas are becoming increasingly serious.」

    The Group continues to recognise that rising labour costs and labour shortages in major metropolitan areas are becoming increasingly serious.
  16. FY2018-Q1RestatedAnnual report

    「Although corporate demand for personnel is trending higher as the economy recovers, rising labour costs and labour shortages in major metropolitan areas are becoming increasingly serious.」

    The Group continues to recognise that, while corporate demand for personnel is increasing, rising labour costs and labour shortages in major metropolitan areas are becoming increasingly serious.
  17. FY2017WorsenedAnnual report

    「Rising labour costs and labour shortages in major metropolitan areas are becoming increasingly serious. In addition, while securing employment opportunities for older workers is necessary as the population continues to age, the pool of younger applicants is becoming increasingly constrained, and companies' personnel needs and workers' employment needs are becoming more diverse and sophisticated.」

    In addition to rising labour costs and labour shortages in major metropolitan areas, the Group discloses the increasingly constrained pool of younger applicants and the growing diversity and sophistication of personnel needs.
  18. FY2017-Q3RestatedAnnual report

    「Although corporate demand for personnel is trending higher as the economy recovers, rising labour costs and labour shortages in major metropolitan areas are becoming increasingly serious.」

    The Group continues to recognise that rising labour costs and labour shortages in major metropolitan areas are becoming increasingly serious.
  19. FY2017-Q2RestatedAnnual report

    「Rising labour costs and labour shortages in major metropolitan areas are becoming increasingly serious.」

    The Group continues to recognise that rising labour costs and labour shortages in major metropolitan areas are becoming increasingly serious, as in the previous period.
  20. FY2017-Q1WorsenedAnnual report

    「Rising labour costs and labour shortages in major metropolitan areas are becoming increasingly serious.」

    The description of rising labour costs and labour shortages in major metropolitan areas has changed from recognition of an existing issue to a statement that the situation is becoming more serious.
  21. FY2016First statedAnnual report

    「The Group is working to secure and develop personnel as an important management priority. However, if it is unable to secure the personnel it needs due to labour shortages resulting from the declining birthrate and ageing population, as well as rising labour costs accompanying the economic recovery, the Group's performance may be adversely affected.」

    Separate from driver shortages, the Group identifies securing and developing the necessary personnel generally, as well as rising labour costs, as risks.
Moved together

"Driver Shortage and Declining Working-Age Population" moved the same way as this thread, in the same document, in 4 of its 21 moves.

443322★123456
  1. ★This thread
  2. 1Driver Shortage and Declining Working-Age Population4×
  3. 2Medium- to long-term increases in fuel prices4×
  4. 3Sales Dependence on Nissan Motor Group3×
  5. 4Natural Disasters, Fires and Information System Outages3×
  6. 5Development and Supply of Hospitality Talent2×
  7. 6Contraction in Domestic Automotive Demand and New-Vehicle Sales Volumes2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Zero yet. It last moved in the Financial results briefing materials of 2026-05-14: "Materialised".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Securing and Developing Talent and Rising Personnel Costs | ZERO CO.,LTD. (9028) | Komori