Impact of Restaurant Labor Shortages on Customers’ Business Activities
First written in FY2022-Q1. 4 of 9 entries say "Worsened", first in FY2022-Q2. Latest entry: FY2025.
U-Next Holdings moved to the "Worse" side of this theme in 2023, 3 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 6 of 9 companies on the "Worse" side.
7 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The environment surrounding the Group’s customers remains difficult due to various issues, including disruption caused by the tariff policies pursued by the US Trump administration, frequent natural disasters caused by record-breaking extreme weather, rice shortages and rising prices, and severe labor shortages.」
The Group states that, in addition to severe labor shortages surrounding its major customers, the business establishments, uncertainty factors such as tariff policies, extreme weather and rising prices continue. - FY2024WorsenedAnnual report
「Labor shortages at the business establishments that are our major customers are expected to become increasingly severe.」
The Group describes labor shortages at business establishments as a customer business-environment issue that has become more severe than before. - FY2024-Q3RestatedAnnual report
「Meanwhile, the environment surrounding the Group’s customers has become even more uncertain due to persistent labor shortages, rising prices of various goods, the 2024 logistics problem and the effects of foreign exchange rates.」
The Group reiterates its recognition that labor shortages, rising prices, the 2024 logistics problem and foreign exchange effects remain factors contributing to uncertainty for customer establishments. - FY2024-Q1RestatedAnnual report
「Meanwhile, the business environment surrounding the Group’s customers has become even more uncertain due to outbreaks of influenza and other illnesses, yen depreciation, rising prices and severe labor shortages.」
The Group continues to identify severe labor shortages at customer establishments, along with yen depreciation and rising prices, as factors contributing to uncertainty. - FY2023-Q3WorsenedAnnual report
「Meanwhile, price increases for a wide range of goods have continued due to severe labor shortages, soaring labor costs, and increases in raw material, transportation and utility costs. Rising consumer prices have reduced consumers’ willingness to purchase, making the business environment surrounding customers even more uncertain.」
For customer establishments, the Group identifies rising labor costs in addition to labor shortages, as well as reduced willingness to purchase caused by rising consumer prices, as factors contributing to greater uncertainty in the business environment. - FY2023-Q2WorsenedAnnual report
「In addition, the business environment surrounding customers, including labor shortages and rising wages, has become increasingly uncertain.」
In addition to labor shortages at customer establishments, the Group specifically identifies rising wages as a factor contributing to uncertainty in the business environment surrounding customers. - FY2022RestatedAnnual report
「In addition, the spread of COVID-19 brought the issue of labor shortages to the surface, revealing new challenges, including situations in which business operations themselves could not be maintained in various circumstances.」
The Group continues to recognize throughout the fiscal year the challenge of labor shortages at customer establishments such as restaurants affecting business operations. - FY2022-Q2WorsenedAnnual report
「The rapid increase in infections has affected business activities at some establishments, which have been unable to secure the necessary number of employees and have been forced to suspend operations or reduce operating hours,」
The Group states that, amid the rapid increase in infections, some establishments have been unable to secure the necessary number of employees and continue to be forced to suspend operations or reduce operating hours. - FY2022-Q1First statedAnnual report
「At restaurants and other establishments where customers are gradually returning, shortages of part-time and other workers are affecting business activities,」
The Group states that shortages of part-time and other workers have emerged at restaurants and other establishments as customers return, affecting the business activities of its customers.