Instability in the business environment due to labor shortages
First written in FY2023-Q3. 1 of 3 entries say "Restated". Latest entry: FY2024-Q2.
Chuokeizai-Sha Holdings moved to the "Worse" side of this theme in 2024, 5 years after the typical company in this theme (2019).
The whole theme swung hardest in 2024: 3 of 7 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- FY2024-Q2WorsenedAnnual report
「During the first 6 months of the fiscal year under review, an economic expansion was expected against the backdrop of wage increases reaching their highest level in 33 years. However, concern remains that the economy will continue to stagnate due to sluggish personal consumption resulting from declining real wages, stagnation in the Chinese economy and entrenched labor shortages.」
The company changed its description of labor shortages from an unstable factor to a "normalized" condition and indicated concerns about economic stagnation together with declining real wages and stagnation in the Chinese economy. - FY2024-Q1RestatedAnnual report
「Meanwhile, concern also remains over the impact on Japan's economy of a growing tendency to economize due to prolonged high prices, labor shortages and a sharp slowdown in the Chinese economy.」
The company continues to identify labor shortages, first cited in the previous quarter, as an unstable business-environment factor alongside high prices and a slowdown in the Chinese economy. - FY2023-Q3First statedAnnual report
「An unstable environment is expected to continue due to inflation associated with yen depreciation and higher resource prices, declining real wages and labor shortages, among other factors.」
The company has explicitly identified labor shortages for the first time as an unstable economic factor, alongside price increases caused by the weaker yen and higher resource costs and declining real wages.