Personnel Shortage and Labor Cost Risks in Labor-Intensive Businesses
First written in FY2016. 12 of 27 entries say "Materialised", first in FY2021-Q1. Latest entry: 2026-09-29.
Azuma Shipping moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2025: 36 of 59 companies on the "Worse" side.
16 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Labour costs increased due to higher workloads resulting from changes in shipping methods and other factors, while depreciation and other production-related costs increased due to the purchase of cultivation equipment.」
Higher labour costs resulting from increased workloads are reflected in actual higher expenses. The disclosure indicates the business impact of the risks associated with securing human capital and labour costs. - FY2026-H1MaterialisedAnnual report
「In the Other Businesses segment, revenue increased in the Tokai region, where the plant factory is located, against a backdrop of higher shipment volumes and improved selling prices. However, labour costs increased as staffing was strengthened in line with higher shipment volumes, while depreciation and other production-related costs increased due to the purchase of cultivation equipment.」
The increase in labour costs resulting from strengthened staffing is reflected in actual higher expenses. - FY2025WorsenedAnnual report
「In the logistics industry, production-related shipments were weak due to supply constraints arising from soaring material prices, severe labour shortages and other factors, despite companies' continued strong appetite for capital investment.」
Severe labour shortages are explicitly identified as a factor behind supply constraints and weak cargo movements. The report also describes the 2024 logistics problem, remote and staggered working, recruitment and training, among other measures to secure human capital. - FY2025-H1WorsenedAnnual report
「For coastal shipping, the volume handled by cement carriers declined due to periodic vessel inspections, temporary dry-docking repairs and other factors, in addition to flat public investment, against a backdrop of longer construction schedules resulting from soaring labour costs and labour shortages.」
Longer construction schedules against a backdrop of soaring labour costs and labour shortages continue to be reflected in performance as a downward factor in lower cement-carrier volumes. - FY2024MaterialisedAnnual report
「For coastal shipping, although there was a certain level of demand for public investment and capital investment, the volume handled by cement carriers declined due to soaring material prices and labour costs and longer construction schedules resulting from labour shortages at construction sites.」
Longer construction schedules caused by labour shortages at construction sites and soaring labour costs are reflected in full-year performance as lower cement-carrier volumes. - FY2024-Q3MaterialisedAnnual report
「In the shipping business, although there was a certain level of demand for public investment and capital investment in coastal shipping, the volume handled by cement carriers declined due to soaring material prices and labour costs and longer construction schedules resulting from labour shortages at construction sites.」
Soaring material prices and labour costs, together with longer construction schedules caused by labour shortages at construction sites, continue to be reflected in performance as lower cement-carrier volumes. - FY2024-Q2WorsenedAnnual report
「For coastal shipping, although demand for public investment and capital investment remained at a certain level, the volume handled by cement carriers declined against a backdrop of concerns about soaring material prices and labour costs, as well as rising construction costs and mortgage rates.」
In addition to soaring labour costs, concerns about rising construction costs and mortgage rates are reflected in lower cement-carrier volumes. - FY2024-Q1MaterialisedAnnual report
「For coastal shipping, although demand for public investment and capital investment increased moderately, the volume handled by cement carriers declined against a backdrop of concerns about soaring material prices and labour costs and a decrease in new housing starts.」
Concerns about soaring material prices and labour costs and the decline in housing starts are reflected in performance as lower cement-carrier volumes. - FY2023ReframedAnnual report
「The Group recognises human capital as the greatest factor in creating corporate value and states that failure to secure it could affect the Group's performance and other aspects of its business. Accordingly, the Group promotes inclusion, defined as accepting diverse values and bringing the organisation together, while taking diversity into account, including diversity in gender, race, ethnicity, age and employment status. In particular, as the Group owns a large number of freight vehicles, it will also appropriately address the so-called 2024 logistics problem.」
The previously identified personnel and labour cost risks have been reorganised to include securing human capital, diversity and inclusion, harassment prevention, work-style reform and responses to the 2024 logistics problem. - FY2023-Q3WorsenedAnnual report
「For coastal shipping, although there was a certain level of private-sector capital investment demand for cement carriers, volumes handled declined against a backdrop of concerns about plans being revised or postponed due to soaring material prices and labour costs.」
Concerns about plans being revised or postponed arose against a backdrop of soaring material prices and labour costs, with the impact of personnel and labour-related risks reflected in lower cement-carrier volumes. - FY2023-Q2RestatedAnnual report
「In the shipping business, the volume handled by cement carriers in coastal shipping declined against a backdrop of longer construction schedules resulting from labour shortages at construction sites, construction delays during the COVID-19 pandemic, and declining private-sector capital investment.」
Longer construction schedules and other factors resulting from labour shortages at construction sites continue to be reflected in performance as lower cement-carrier volumes. - FY2023-Q1MaterialisedAnnual report
「In the shipping business, the volume handled by cement carriers in coastal shipping declined against a backdrop of longer construction schedules resulting from labour shortages at construction sites, construction delays during the COVID-19 pandemic, and declining private-sector capital investment.」
Longer construction schedules and construction delays caused by labour shortages at construction sites and other factors continue to be reflected in performance as lower cement-carrier volumes. - FY2022MaterialisedAnnual report
「For coastal shipping, the volume handled by cement carriers declined against a backdrop of longer construction schedules resulting from labour shortages at construction sites, construction delays during the COVID-19 pandemic, and weak housing investment.」
Longer construction schedules and construction delays caused by labour shortages at construction sites are reflected in full-year performance as lower cement-carrier volumes. - FY2022-Q3WorsenedAnnual report
「For coastal shipping, the volume handled by cement carriers declined against a backdrop of longer construction schedules resulting from labour shortages at construction sites, construction delays during the COVID-19 pandemic, and declining private-sector capital investment.」
Longer construction schedules and construction delays during the COVID-19 pandemic, among other factors, have led to lower cement-carrier volumes, with the business impact of the risk of securing personnel continuing. - FY2022-Q2MaterialisedAnnual report
「For coastal shipping, cement demand remained sluggish against a backdrop of longer construction schedules resulting from labour shortages at construction sites and construction delays during the COVID-19 pandemic, although the volume handled by cement carriers increased slightly.」
The prolonged construction schedules caused by labour shortages at construction sites continue to be reflected in performance as sluggish cement demand. Meanwhile, the volume handled by cement carriers increased slightly. - FY2021MitigatedAnnual report
「The Group is addressing the shortage of drivers by building a network within the industry and seeking new partner companies. It also constantly monitors the market through personnel registration agencies and other channels in an effort to secure highly capable personnel.」
Amid the continuing labour shortage, the Group has specified the development of partner companies and use of personnel registration agencies as measures to address it. - FY2021-Q3MaterialisedAnnual report
「For coastal shipping, the volume handled by cement carriers declined against a backdrop of longer construction schedules resulting from labour shortages at construction sites, the economic stagnation caused by COVID-19 and other factors.」
Labour shortages at construction sites have led to lower cement-carrier volumes through longer construction schedules, with the risk of securing personnel reflected in operating performance. - FY2021-Q2MaterialisedAnnual report
「For coastal shipping, the volume handled by cement carriers declined due to longer construction schedules resulting from labour shortages at construction sites, the economic stagnation caused by COVID-19 and other factors.」
The Group states that labour shortages at construction sites led to lower cement-carrier volumes through longer construction schedules, with the risk of securing personnel reflected in operating performance. - FY2021-Q1MaterialisedAnnual report
「For coastal shipping, the volume handled by cement carriers declined due to longer construction schedules resulting from labour shortages at construction sites, the economic stagnation caused by COVID-19 and other factors.」
The Group states that labour shortages at construction sites led to lower cement-carrier volumes through longer construction schedules, with the risk of securing personnel reflected in operating performance. - FY2019RestatedAnnual report
「Measures to address labour shortages that could undermine the presence of the core businesses」
The Group continues to recognise labour shortages as a challenge that could undermine the presence of its core businesses. - FY2019-Q3RestatedAnnual report
「The business environment became challenging against a backdrop of labor shortages, including a shortage of drivers, and rising fuel prices.」
The Group continues to explicitly identify labour shortages, including shortages of drivers, as a factor underlying the difficult business environment. - FY2019-Q2WorsenedAnnual report
「The business environment became challenging against a backdrop of labor shortages, including a shortage of drivers, and rising fuel prices.」
The Group explicitly identifies labour shortages, including shortages of drivers, as a factor underlying the difficult business environment. - FY2018WorsenedAnnual report
「The Group recognises that challenges remain, including measures to address labour shortages that could undermine the presence of its core businesses and improvements to unprofitable businesses that still exist. It also recognises the urgent need to create new businesses and enhance its global services in preparation for a contraction in the domestic logistics market.」
The Group explicitly identifies labour shortages as a challenge that could undermine the presence of its core businesses, indicating heightened concern about the risk of securing personnel. - FY2017RestatedAnnual report
「If, due to conditions in the labour market or other factors, the Group is unable to secure the personnel it requires, or if problems arise with labour unions or others, this could affect the execution of its business. In addition, the recruitment of personnel could increase labour and other costs, potentially affecting the Group's performance.」
The Group has reaffirmed the risks of securing personnel, labour-management disputes and rising labour costs in its labour-intensive businesses. - FY2016First statedAnnual report
「If the Group is unable to secure the personnel it requires, or if problems arise with labour unions or others, this could affect the execution of its business. In addition, the recruitment of personnel could increase labour and other costs, potentially affecting the Group's performance.」
The Group identifies personnel shortages, labour-management disputes and rising labour costs as risks in its labour-intensive businesses, particularly customs clearance and cargo handling.