Difficulty Securing Personnel and Rising Costs Due to Higher Market Wage Rates
First written in FY2025. 3 of 4 entries say "Materialised", first in FY2026-H1. Latest entry: 2026-08-06.
Nisso Holdings 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 2025: 36 of 59 companies on the "Worse" side.
16 other companies' latest entry also says "Materialised".
- 2026-08-06MaterialisedEarnings
「Selling, general and administrative expenses increased 16.5% year on year, mainly due to higher personnel expenses and amortization of goodwill associated with M&A, as well as increased recruitment-related expenses accompanying the expansion in demand.」
The increase in personnel expenses and goodwill amortization associated with M&A, together with higher recruitment-related expenses, was cited as a factor behind the first-quarter increase in SG&A expenses. - FY2026MaterialisedAnnual report
「The main factors behind the increase in selling, general and administrative expenses were higher personnel expenses and amortization of goodwill associated with M&A, increased systems investment and investment aimed at utilizing global human resources, and higher benefit expenses resulting from an increase in individual shareholders. Although net sales increased, the SG&A expense ratio rose by 0.3 percentage points from the previous consolidated fiscal year.」
Costs associated with M&A, personnel expenses, systems investment and investment in utilizing global human resources actually increased, resulting in a 0.3-percentage-point rise in the SG&A expense ratio. - FY2026-H1MaterialisedAnnual report
「The main factors behind the increase in selling, general and administrative expenses were higher personnel expenses associated with improved employee compensation and higher personnel expenses and amortization of goodwill resulting from M&A. Although net sales increased, the SG&A expense ratio deteriorated by 0.5 percentage points compared with the same period of the previous year.」
The increase in personnel expenses associated with improved employee compensation actually occurred and was reflected in the company’s results as a 0.5-percentage-point deterioration in the SG&A expense ratio. - FY2025First statedAnnual report
「Our group is a people-based company, and increases in personnel acquisition and retention costs may affect the group’s business results and other factors.」
The company newly identified rising prevailing wage rates and personnel acquisition costs as major risks, with reviewing its compensation structure and personnel systems, securing diverse employment opportunities and negotiating service rates as countermeasures.