Risk of fluctuations in supply and demand and employment conditions in the recruitment support industry
First written in FY2024-Q1. 5 of 8 entries say "Worsened", first in FY2026-H1. Latest entry: FY2026.
Boutiques moved to the "Worse" side of this theme in 2025, 5 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 14 of 21 companies on the "Worse" side.
6 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In the staffing agency business, conditions also remained challenging due in part to the additional recognition of a “refund liability” in preparation for refunds resulting from future declines in offer acceptance, following the rise in the offer-decline rate accompanying the earlier start of students’ job searches.」
The rise in the offer-decline rate accompanying the earlier start of job searches led to the additional recognition of a refund liability and challenging conditions relative to the plan. - FY2026-H1WorsenedAnnual report
「The earlier start of students' job-hunting activities led to a higher rate of declined job offers. As a result, the additional recognition of a refund liability to prepare for future refunds arising from declined job offers caused a substantial delay against the plan.」
In the human resources recruitment support business, the higher rate of declined job offers resulting from the earlier start of job-hunting activities led to the additional recognition of an actual refund liability and a delay against the plan. - FY2024-Q3RestatedAnnual report
「Demand for new-graduate and mid-career recruitment is affected by the supply-demand relationship between job seekers and employers. Although this relationship fluctuates due to various factors, including changes in employment patterns, such as the increase in non-regular employment including part-time and temporary workers; the diversification of recruitment methods, including mid-career recruitment; declining birth rates; changes in the university enrollment rate; and corporate hiring trends accompanying economic fluctuations, these changes may affect the Group's business activities and performance.」
The Company continues to describe the risk of fluctuations in recruitment supply and demand and the employment environment in the human resources recruitment support business. - FY2024-Q2RestatedAnnual report
「Demand for new-graduate and mid-career recruitment is affected by the supply-demand relationship between job seekers and employers. Although this relationship fluctuates due to various factors, including changes in employment patterns, such as the increase in non-regular employment including part-time and temporary workers; the diversification of recruitment methods, including mid-career recruitment; declining birth rates; changes in the university enrollment rate; and corporate hiring trends accompanying economic fluctuations, these changes may affect the Group's business activities and performance.」
The Company continues to describe the risk of fluctuations in recruitment supply and demand and the employment environment in the human resources recruitment support business. - FY2024-Q1First statedAnnual report
「Demand for new-graduate and mid-career recruitment is affected by the supply-demand relationship between job seekers and employers. Although this relationship fluctuates due to various factors, including changes in employment patterns, such as the increase in non-regular employment including part-time and temporary workers; the diversification of recruitment methods, including mid-career recruitment; declining birth rates; changes in the university enrollment rate; and corporate hiring trends accompanying economic fluctuations, these changes may affect the Group's business activities and performance.」
With its entry into the human resources recruitment support business, the Company has newly described fluctuations in recruitment supply and demand caused by employment patterns, recruitment methods, the declining birth rate, university enrollment rates and economic fluctuations as a risk.