Shortages of labor and know-how at local businesses constraining inbound-market growth
First written in FY2023-Q1. 4 of 10 entries say "Restated". Latest entry: 2026-05-15.
Cs-C. moved to the "Worse" side of this theme in 2024, 1 year after the typical company in this theme (2023).
The whole theme swung hardest in 2025: 15 of 29 companies on the "Worse" side.
21 other companies' latest entry also says "Restated".
- 2026-05-15RestatedEarnings presentation
「Entered the “recruitment outsourcing field,” where demand is surging against a backdrop of severe labor shortages.」
The Company continues to identify labor shortages at local businesses as a key business-environment factor and explains its entry into recruitment support against that backdrop. - FY2026-H1RestatedAnnual report
「Meanwhile, constraints on domestic demand stemming from Japan's declining population, chronic labor shortages, and soaring food and energy prices remain serious factors depressing earnings in the local-business industry.」
It continues to describe the situation in which population decline, labor shortages, and soaring food and energy prices are putting pressure on local-business earnings. - FY2025RestatedAnnual report
「In the local-business industry, higher labor costs resulting from chronic labor shortages, along with rising prices for ingredients, including rice, logistics and utilities, are putting pressure on earnings.」
It reconfirms the risk that labor shortages and rising costs on the local-business side will constrain earnings improvement. - FY2025-H1WorsenedAnnual report
「Labor shortages are becoming more serious due to the declining birthrate and aging population and competition for personnel with other industries. As of January 2025, the proportion of companies that felt they lacked full-time employees had reached 53.4%, the highest level since the COVID-19 pandemic.」
The labor shortage at local businesses is quantified as having become more serious, with the proportion of companies that felt they lacked full-time employees reaching 53.4%. - FY2024WorsenedAnnual report
「Rising labor costs and other issues stemming from chronic labor shortages remain unresolved, and the operating environment remains challenging. Although sales are recovering, securing profits remains difficult.」
Labor shortages are said to be driving up labor costs and making it difficult to secure profits, and operating constraints on local businesses continue. - FY2024-Q2WorsenedAnnual report
「Rising labor costs and other issues stemming from chronic labor shortages remain unresolved, and the operating environment remains challenging. Although sales are recovering, securing profits remains difficult. In particular, labor shortages are also a concern under the so-called 2025 problem, and are expected to become even more serious, leaving businesses in a difficult situation.」
Labor shortages at local businesses are said to be driving up labor costs and making it difficult to secure profits, with the possibility that the situation will become even more serious going forward. - FY2024-Q1ReframedAnnual report
「In response to the issues common to the local-business industry of low productivity and labor shortages」
It presents the issue more broadly as the industry's common problems of low productivity and labor shortages, rather than in the previous context of constraints on local businesses' ability to respond to inbound demand. - FY2023RestatedAnnual report
「However, the local-business industry comprises many small and medium-sized enterprises, which are prone to shortages of expertise and personnel, making it difficult to respond appropriately to increasingly diverse marketing methods.」
It reconfirms the risk that shortages of personnel and expertise at local businesses will constrain their ability to respond to increasingly diverse marketing methods and digital transformation. - FY2023-Q3ReframedAnnual report
「However, the local-business industry comprises many small and medium-sized enterprises, which are prone to shortages of expertise and personnel, making it difficult to respond to increasingly diverse marketing methods.」
It expands the context of the constraints caused by shortages of personnel and expertise at local businesses beyond the previous focus on inbound-market expansion to include the difficulty of responding to increasingly diverse marketing methods and digital transformation. - FY2023-Q1First statedAnnual report
「However, it has also been pointed out that shortages of personnel and expertise at local businesses may become a bottleneck to the expansion of the inbound market.」
It states for the first time that shortages of personnel and expertise on the local-business side may constrain the capture of inbound demand and market expansion.