Surging Labor Costs and Material Prices and Labor Shortages
First written in FY2017-Q1. 18 of 25 entries say "Restated". Latest entry: FY2027-H1.
Toho moved to the "Worse" side of this theme in 2020, 1 year before the typical company in this theme (2021).
The whole theme swung hardest in 2022: 64 of 103 companies on the "Worse" side.
31 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「In the road business, public investment remained firm, but conditions remained challenging, owing to the chronic shortage of skilled construction workers and continued increases in labor costs and the prices of materials and equipment.」
The continued increases in labor and material-equipment costs and labor shortages were reconfirmed. - FY2026-H1RestatedAnnual report
「Although public investment remained solid in the road business, operations continued under conditions that remained difficult to predict, due to chronic shortages of construction workers and continuing increases in labor costs and prices of equipment and materials.」
The continued increases in labor and material-equipment costs and labor shortages were reconfirmed. - FY2024WorsenedAnnual report
「In both the road business and the real estate maintenance and management business, the company needs to closely monitor the effects of severe labor shortages and wage increases caused by inflation.」
The scope of the impact of the longstanding labor shortages and increases in labor costs was specified as severe labor shortages and inflation-driven wage increases. - FY2024-Q3RestatedAnnual report
「Although public investment remained firm in the road business, operations continued under conditions that remained difficult to predict, due to shortages of construction workers and continuing increases in labor costs and prices of equipment and materials.」
The continued increases in labor and material-equipment costs and labor shortages were reconfirmed. - FY2024-Q2RestatedAnnual report
「Although public investment remained firm in the road business, operations continued under conditions that remained difficult to predict, due to shortages of construction workers and continuing increases in labor costs and prices of equipment and materials.」
The continued shortage of construction workers and increases in labor and material-equipment costs were reconfirmed. - FY2023-Q3WorsenedAnnual report
「In the road business, public investment remained firm, but the situation remained difficult to predict as chronic labor shortages, intensifying competition for orders, and the upward trends in labor, material-equipment and fuel prices continued.」
A challenging environment was explicitly described, with chronic labor shortages, competition for orders, and upward trends in labor, material-equipment and fuel prices continuing. - FY2023-Q1RestatedAnnual report
「In the road business, public investment remained firm, but the situation remained difficult to predict as chronic labor shortages and the upward trend in labor and material-equipment costs continued.」
The continued chronic labor shortages and upward trend in labor and material-equipment costs were reconfirmed. - FY2022RestatedAnnual report
「The situation remained difficult to predict, with the upward trend in labor and material-equipment costs continuing.」
It was stated that the upward trend in labor and material-equipment costs continued throughout the fiscal year. - FY2022-Q2WorsenedAnnual report
「The situation remained difficult to predict, with the upward trend in labor and material-equipment costs continuing.」
The continued upward trend in labor and material-equipment costs was also explicitly stated for the road business, indicating a challenging operating environment in terms of costs. - FY2021-Q3Recovery in orders and continued burden of leave allowancesAnnual report
「In the real estate maintenance and management business, economic activity at commercial facilities, including hotels and theaters, resumed at 東宝ビル管理㈱ and 東宝ファシリティーズ㈱, and signs of recovery in orders emerged. However, profits declined substantially because the burden of leave allowances and other payments arising from temporary closures during the state of emergency put pressure on operating profit.」
Although the resumption of economic activity at hotels, theaters and other facilities led to signs of recovery in orders, the burden of leave allowances and other payments related to temporary closures continued, resulting in a 38.8% year-on-year decline in operating profit. - FY2021-Q2WorsenedAnnual report
「In the real estate maintenance and management business, at 東宝ビル管理㈱ and 東宝ファシリティーズ㈱, orders for cleaning and other services declined following the temporary closure of commercial facilities, including hotels and theaters. Even after the lifting of the state of emergency, the pace of recovery in orders, particularly those related to hotels, remained slow, resulting in lower revenue than in the same quarter of the previous year. In addition, profits declined substantially because the burden of leave allowances and other payments to employees placed on standby due to adjusted work schedules, incurred to secure workers, put pressure on operating profit.」
In addition to the decline in orders caused by temporary closures, the recovery in hotel-related orders remained slow after the lifting of the state of emergency, while leave allowances and other payments associated with securing workers put pressure on profit. - FY2021-Q1WorsenedAnnual report
「In addition, profits declined substantially because the burden of leave allowances and other payments to employees placed on standby due to adjusted work schedules, incurred to secure workers after the recovery in orders, put pressure on profit.」
In addition to the existing labor shortages, the burden of leave allowances and other payments associated with securing workers after the recovery in orders put pressure on profit. - FY2020-Q3RestatedAnnual report
「In the real estate maintenance and management business, 東宝ビル管理㈱ and 東宝ファシリティーズ㈱ pursued new orders and continued efforts to reduce costs amid ongoing challenging operating conditions caused by soaring labor and material costs and persistent labor shortages.」
Amid continued soaring labor and material costs and persistent labor shortages, efforts to secure new orders and reduce costs were reiterated. - FY2020-Q1RestatedAnnual report
「In the real estate maintenance and management business, 東宝ビル管理㈱ and 東宝ファシリティーズ㈱ pursued new orders and continued efforts to reduce costs amid ongoing challenging operating conditions caused by soaring labor and material costs and persistent labor shortages.」
Amid continued soaring labor and material costs and persistent labor shortages, efforts to secure new orders and reduce costs were reiterated. - FY2019-Q3RestatedAnnual report
「In the real estate maintenance and management business, 東宝ビル管理㈱ and 東宝ファシリティーズ㈱, which changed their name from ㈱東宝サービスセンター on 1 June, pursued new orders and continued efforts to reduce costs amid ongoing challenging operating conditions caused by soaring labor and material costs and persistent labor shortages.」
Amid continued soaring labor and material costs and labor shortages, efforts to secure new orders and reduce costs were reiterated. - FY2019-Q2RestatedAnnual report
「In the real estate maintenance and management business, 東宝ビル管理㈱ and 東宝ファシリティーズ㈱, which changed their name from ㈱東宝サービスセンター on 1 June, pursued new orders and continued efforts to reduce costs amid ongoing challenging operating conditions caused by soaring labor and material costs and persistent labor shortages.」
The company reiterated its efforts to secure new orders and reduce costs amid continued soaring labor and material costs and labor shortages. - FY2019-Q1RestatedAnnual report
「In the real estate maintenance and management business, 東宝ビル管理㈱ and ㈱東宝サービスセンター pursued new orders and continued efforts to reduce costs amid ongoing challenging operating conditions, including soaring labor and material costs and persistent labor shortages.」
The company reiterated its efforts to secure new orders and reduce costs amid continued soaring labor and material costs and labor shortages. - FY2018-Q3RestatedAnnual report
「In the real estate maintenance and management business, 東宝ビル管理㈱ and ㈱東宝サービスセンター pursued new orders and continued efforts to reduce costs amid ongoing challenging operating conditions, including soaring labor and material costs and persistent labor shortages.」
Amid continued soaring labor and material costs and labor shortages, efforts to secure new orders and reduce costs were reiterated. - FY2018-Q2RestatedAnnual report
「In the real estate maintenance and management business, 東宝ビル管理㈱ and ㈱東宝サービスセンター pursued new orders and continued efforts to reduce costs amid ongoing challenging operating conditions, including soaring labor and material costs and persistent labor shortages.」
Amid continued soaring labor and material costs and labor shortages, efforts to secure new orders and reduce costs were reiterated. - FY2018-Q1RestatedAnnual report
「In the real estate maintenance and management business, 東宝ビル管理㈱ and ㈱東宝サービスセンター pursued new orders and continued efforts to reduce costs amid ongoing challenging operating conditions, including soaring labor and material costs and persistent labor shortages.」
Amid continued soaring labor and material costs and labor shortages, efforts to secure new orders and reduce costs were reiterated. - FY2017-Q3RestatedAnnual report
「In the real estate maintenance and management business, 東宝ビル管理㈱ and ㈱東宝サービスセンター pursued new orders and continued efforts to reduce costs amid ongoing challenging operating conditions, including soaring labor and material costs and persistent labor shortages.」
Amid continued soaring labor and material costs and labor shortages, efforts to secure new orders and reduce costs were reiterated. - FY2017-Q2RestatedAnnual report
「In the real estate maintenance and management business, 東宝ビル管理㈱ and ㈱東宝サービスセンター pursued new orders and continued efforts to reduce costs amid ongoing challenging operating conditions, including soaring labor and material costs and persistent labor shortages.」
Amid continued soaring labor and material costs and labor shortages, efforts to secure new orders and reduce costs were reiterated. - FY2017-Q1First statedAnnual report
「In the real estate maintenance and management business, we pursued new orders and continued efforts to reduce costs amid ongoing challenging operating conditions, including soaring labor and material costs and persistent labor shortages.」
Soaring labor and material costs and labor shortages were described as part of the challenging operating environment that has continued.