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MEITEC Group Holdings (9744) · RiskMitigatedLatest Earnings (2026-07-30): "Restated"

Risk of lower utilization and staffing rates associated with permanent employment

First written in FY2016. 16 of 37 entries say "Materialised", first in FY2017-Q1. Latest entry: 2026-07-30.

37entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseMaterialisedFY2017-Q1 – FY2022-Q1MitigatedFY2022-Q2 – FY2025-H12016: 320162017: 320172018: 420182019: 420192020: 420202021: 420212022: 420222023: 420232024: 320242025: 120252026: 32026
Same theme, other companies
Risk of Lower Utilization and Billing Rates from the Continuous Employment of Permanent EngineersA theme 12 companies write about · 12 as a headwind · 0 as a tailwind

MEITEC Group Holdings moved to the "Worse" side of this theme in 2016, 8 years before the typical company in this theme (2024).

The whole theme swung hardest in 2024: 3 of 7 companies on the "Worse" side.

4 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. 2026-07-30RestatedEarnings

    「Utilization was at approximately the previous year's level as the Company promoted the early assignment of new employees and the assignment of existing employees to meet orders. Working hours decreased slightly year on year due to a reduction in overtime work and other factors.」

    Utilization remained broadly stable, while factors contributing to lower working hours continued.
  2. FY2026MitigatedAnnual report

    「Overall utilization rates were broadly unchanged from the previous period for MT, at 98.5% (98.3% in the same period of the previous year), and MF, at 97.2% (97.1%). Working hours declined slightly year on year for both MT, to 8.36h/day (8.38h/day), and MF, to 8.22h/day (8.24h/day).」

    Utilization rates for MT and MF improved year on year, mitigating the risk of lower utilization. Meanwhile, working hours declined slightly at both companies.
  3. 2026-05-12RestatedEarnings

    「Utilization remained at the previous fiscal year's level as the Company promoted the assignment of new and existing employees to meet orders. Working hours, however, decreased slightly year on year due to a reduction in overtime work and other factors.」

    Utilization remained at the previous fiscal year's level, while factors contributing to lower working hours remained.
  4. FY2026-H1RestatedAnnual report

    「Overall utilization rates were broadly unchanged year on year for MT, at 97.8% (97.3% in the same period of the previous year), and MF, at 95.6% (95.7%). Working hours declined slightly year on year for both MT, to 8.28h/day (8.34h/day), and MF, to 8.14h/day (8.21h/day).」

    MT’s utilization rate improved, while MF’s was broadly unchanged year on year, and working hours declined at both companies. The utilization risk associated with the permanent employment model remains broadly stable, but factors contributing to lower working hours remain.
  5. FY2025-H1MitigatedAnnual report

    「Overall utilization rates increased year on year for both MT, at 97.3% (96.5% in the same period of the previous year), and MF, at 95.7% (93.1%). Working hours increased slightly year on year for both MT, to 8.34h/day (8.26h/day), and MF, to 8.21h/day (8.14h/day).」

    Both MT and MF improved their utilization rates and working hours year on year, mitigating the risks of lower utilization and working hours associated with the permanent employment model.
  6. FY2024MitigatedAnnual report

    「Overall utilization rates increased year on year for both MT, at 97.7% (97.2% in the same period of the previous year), and MF, at 95.5% (93.3%). Working hours declined slightly year on year for both MT, to 8.33h/day (8.38h/day), and MF, to 8.21h/day (8.26h/day).」

    Utilization rates improved year on year for both MT and MF, mitigating the risk of lower utilization associated with the permanent employment model. Meanwhile, working hours declined slightly at both companies.
  7. FY2024-Q3MitigatedAnnual report

    「Overall utilization rates increased year on year for both MT, at 97.3% (96.6% in the same period of the previous year), and MF, at 94.6% (92.1%). Working hours declined slightly year on year for both MT, to 8.29h/day (8.36h/day), and MF, to 8.18h/day (8.25h/day).」

    Utilization rates improved year on year for both MT and MF, mitigating the risk of lower utilization associated with the permanent employment model. Meanwhile, working hours declined slightly year on year.
  8. FY2024-Q2MitigatedAnnual report

    「Overall utilization rates increased year on year for both MT, at 96.5% (95.6% in the same period of the previous year), and MF, at 93.1% (90.2%). Working hours declined slightly year on year for both MT, to 8.26h/day (8.34h/day), and MF, to 8.14h/day (8.23h/day).」

    Utilization rates improved year on year for both MT and MF, while working hours declined slightly, mitigating some of the risks associated with the permanent employment model while leaving others in place.
  9. FY2024-Q1MitigatedAnnual report

    「The standalone company’s overall utilization rate improved to 94.5% (93.5% in the same period of the previous year) as a result of assigning new and existing employees. Working hours declined slightly year on year to 8.33h/day (8.35h/day in the same period of the previous year), mainly due to a decrease in overtime.」

    The utilization rate improved from 93.5% in the same period of the previous year to 94.5% following the assignment of new and existing employees. Meanwhile, working hours declined slightly from 8.35 hours to 8.33 hours, leaving some of the risk in place.
  10. FY2023MitigatedAnnual report

    「The standalone company’s overall utilization rate increased year on year to 97.2% (94.3% in the same period of the previous year). Meanwhile, working hours declined year on year to 8.38h/day (8.42h/day in the same period of the previous year).」

    The utilization rate improved by 2.9 percentage points year on year, mitigating the risk of lower utilization associated with the permanent employment model. Meanwhile, working hours declined from 8.42 hours to 8.38 hours.
  11. FY2023-Q3MitigatedAnnual report

    「The standalone company’s overall utilization rate was 96.6% (93.0% in the same period of the previous year), while working hours declined slightly year on year to 8.36h/day (8.37h/day in the same period of the previous year).」

    The utilization rate improved from 93.0% in the same period of the previous year to 96.6%, mitigating the risk of lower utilization associated with the permanent employment model. Meanwhile, working hours declined slightly from 8.37 hours to 8.36 hours.
  12. FY2023-Q2MitigatedAnnual report

    「The standalone company’s overall utilization rate was 95.6% (91.0% in the same period of the previous year), while working hours declined slightly year on year to 8.34h/day (8.36h/day in the same period of the previous year).」

    The utilization rate improved from 91.0% in the same period of the previous year to 95.6%, mitigating the risk of lower utilization associated with the permanent employment model. Meanwhile, working hours declined slightly from 8.36 hours to 8.34 hours.
  13. FY2023-Q1MitigatedAnnual report

    「The standalone company’s overall utilization rate improved to 93.5% (88.9% in the same period of the previous year) as a result of strengthening order acquisition through solution-based sales and assigning both new and existing employees. Working hours declined slightly year on year to 8.35h/day (8.43h/day in the same period of the previous year), mainly due to a decrease in overtime.」

    The utilization rate improved from 88.9% in the same period of the previous year to 93.5%, driven by stronger order acquisition through solution-based sales and progress in employee assignments. Meanwhile, working hours declined from 8.43 hours to 8.35 hours, leaving some of the risk in place.
  14. FY2022MitigatedAnnual report

    「The standalone company’s overall utilization rate was 94.3% (90.4% in the same period of the previous year), while working hours increased to 8.42h/day (8.31h/day in the same period of the previous year).」

    The utilization rate increased by 3.9 percentage points year on year, while working hours increased by 0.11 hours, mitigating the risks of lower utilization and working hours associated with the permanent employment model compared with the previous fiscal year.
  15. FY2022-Q3MitigatedAnnual report

    「The overall utilisation rate on a non-consolidated basis rose year on year to 93.0% (89.5% in the same period of the previous year), while working hours rose to 8.37h/day (8.24h/day in the same period of the previous year).」

    The utilization rate rose from 89.5% to 93.0% year on year, while working hours increased from 8.24 hours to 8.37 hours, mitigating the risks of lower utilization and working hours associated with the permanent employment model compared with the previous period.
  16. FY2022-Q2MitigatedAnnual report

    「The overall utilisation rate on a non-consolidated basis rose year on year to 91.0% (89.5% in the same period of the previous year), while working hours rose to 8.36h/day (8.17h/day in the same period of the previous year).」

    The utilisation rate rose from 89.5% in the same period of the previous year to 91.0%, and working hours rose from 8.17 hours to 8.36 hours, mitigating the risk of lower utilisation rates and working hours associated with the permanent-employment model compared with the previous quarter.
  17. FY2022-Q1WorsenedAnnual report

    「The overall utilisation rate on a non-consolidated basis declined to 88.9% (90.1% in the same period of the previous year), while working hours rose year on year to 8.43h/day (8.04h/day in the same period of the previous year).」

    The utilisation rate declined from 90.1% in the same period of the previous year to 88.9%, indicating that the risk of lower utilisation rates associated with the permanent-employment model was further reflected in actual results. Working hours, however, rose from 8.04 hours to 8.43 hours.
  18. FY2021WorsenedAnnual report

    「The overall utilisation rate on a non-consolidated basis declined year on year to 90.4% (96.4% in the same period of the previous year), while working hours declined to 8.31h/day (8.54h/day in the same period of the previous year).」

    The utilisation rate declined 6.0 percentage points year on year and working hours declined by 0.23 hours, indicating that the risk of lower utilisation rates and working hours associated with the permanent-employment model worsened further in the full-year results.
  19. FY2021-Q3MaterialisedAnnual report

    「The overall utilisation rate on a non-consolidated basis declined year on year to 89.5% (95.9% in the same period of the previous year), while working hours declined to 8.24h/day (8.51h/day in the same period of the previous year).」

    The risk of lower utilisation rates and working hours associated with the permanent-employment model continues to be reflected in actual results. The utilisation rate declined 6.4 percentage points year on year, and working hours declined by 0.27 hours.
  20. FY2021-Q2WorsenedAnnual report

    「The overall utilisation rate on a non-consolidated basis declined year on year to 89.5% (95.1% in the same period of the previous year), while working hours declined to 8.17h/day (8.52h/day in the same period of the previous year).」

    The utilisation rate declined from 95.1% in the same period of the previous year to 89.5%, and working hours declined from 8.52 hours to 8.17 hours. The worsening risk of lower utilisation rates and working hours associated with the permanent-employment model was disclosed in the first-half results.
  21. FY2021-Q1WorsenedAnnual report

    「The overall utilisation rate on a non-consolidated basis declined year on year to 90.1% (93.4% in the same period of the previous year), while working hours declined to 8.04h/day (8.62h/day in the same period of the previous year).」

    The risk of lower utilisation rates and working hours associated with the permanent-employment model worsened further, with the utilisation rate declining from 93.4% in the same period of the previous year to 90.1% and working hours declining from 8.62 hours to 8.04 hours.
  22. FY2020MaterialisedAnnual report

    「The overall utilisation rate on a non-consolidated basis declined year on year to 96.4% (97.5% in the same period of the previous year). Working hours declined year on year to 8.54h/day (8.62h/day in the same period of the previous year) as overtime work decreased due to work-life balance initiatives at major companies, among other factors.」

    The decline in both the utilisation rate and working hours continued to be observed in the full-year results.
  23. FY2020-Q3MaterialisedAnnual report

    「The overall utilisation rate on a non-consolidated basis declined year on year to 95.9% (97.1% in the same period of the previous year). Working hours declined to 8.51h/day (8.60h/day in the same period of the previous year) as overtime work decreased due to work-style reform initiatives at major companies, among other factors.」

    The utilisation rate declined from 97.1% in the same period of the previous year to 95.9%, and working hours declined from 8.60 hours to 8.51 hours, indicating that the risk of lower utilisation rates and working hours associated with the permanent-employment model continues to be reflected in actual results.
  24. FY2020-Q2MaterialisedAnnual report

    「The overall utilisation rate on a non-consolidated basis declined to 95.1% (96.2% in the same period of the previous year). Working hours declined to 8.52h/day (8.56h/day in the same period of the previous year) as overtime work decreased due to continuing work-life balance initiatives at major companies, among other factors.」

    The utilisation rate declined from 96.2% in the same period of the previous year to 95.1%, and working hours declined from 8.56 hours to 8.52 hours, indicating that the risk of lower utilisation rates and working hours associated with the permanent-employment model continues to be reflected in actual results.
  25. FY2020-Q1MaterialisedAnnual report

    「The overall utilisation rate on a non-consolidated basis declined year on year to 93.4% (94.4% in the same period of the previous year). Working hours remained broadly in line with the previous year at 8.62h/day (8.59h/day in the same period of the previous year).」

    The utilisation rate declined from 94.4% in the same period of the previous year to 93.4%, indicating that the risk of lower utilisation rates associated with the permanent-employment model continues to be reflected in actual results. Working hours were broadly unchanged year on year, marking a change from the previous declining trend.
  26. FY2019MaterialisedAnnual report

    「The overall utilisation rate on a non-consolidated basis remained high at 97.5% (97.8% in the same period of the previous year). It declined slightly from the previous year because more new graduate engineer employees joined the Company in April 2018 than in the previous year. Working hours declined year on year to 8.62h/day (8.70h/day in the same period of the previous year) as overtime work decreased due to work-life balance initiatives at major companies, among other factors.」

    Although the utilisation rate remained high, it declined year on year, while working hours also declined from 8.70 hours to 8.62 hours, indicating that the risk associated with the permanent-employment model continues to be reflected in actual results.
  27. FY2019-Q3MaterialisedAnnual report

    「The overall utilisation rate on a non-consolidated basis declined year on year to 97.1% (97.4% in the same period of the previous year). Working hours declined to 8.60h/day (8.70h/day in the same period of the previous year) as overtime work decreased due to work-life balance initiatives at major companies, among other factors.」

    The utilisation rate declined from 97.4% in the same period of the previous year to 97.1%, and working hours declined from 8.70 hours to 8.60 hours, indicating that the risk of lower utilisation rates and working hours associated with the permanent-employment model continues to be reflected in actual results.
  28. FY2019-Q2MaterialisedAnnual report

    「The overall utilisation rate on a non-consolidated basis declined year on year to 96.2% (96.8% in the same period of the previous year). Working hours declined to 8.56h/day (8.68h/day in the same period of the previous year) as overtime work decreased due to continuing work-life balance initiatives at major companies, among other factors.」

    The utilisation rate declined from 96.8% in the same period of the previous year to 96.2%, and working hours declined from 8.68 hours to 8.56 hours, indicating that the risk of lower utilisation rates and working hours associated with the permanent-employment model continues to be reflected in actual results.
  29. FY2019-Q1MaterialisedAnnual report

    「The overall utilisation rate on a non-consolidated basis declined year on year to 94.4% (95.2% in the same period of the previous year). Working hours declined to 8.59h/day (8.66h/day in the same period of the previous year) as overtime work decreased due to continuing work-life balance initiatives at major companies, among other factors.」

    The utilisation rate declined from 95.2% in the same period of the previous year to 94.4%, and working hours declined from 8.66 hours to 8.59 hours, indicating that the risk of lower utilisation rates and working hours associated with the permanent-employment model continues to be reflected in actual results.
  30. FY2018MaterialisedAnnual report

    「The overall utilisation rate on a non-consolidated basis rose year on year to 97.8% (96.7% in the same period of the previous year). Working hours declined year on year to 8.70h/day (8.78h/day in the same period of the previous year) as overtime work decreased due to work-life balance initiatives at major companies, among other factors.」

    While the utilisation rate improved, the decline in working hours associated with the permanent-employment model continues to be reflected in actual results.
  31. FY2018-Q3MaterialisedAnnual report

    「The overall utilisation rate on a non-consolidated basis rose year on year to 97.4% (96.1% in the same period of the previous year). Working hours declined to 8.70h/day (8.77h/day in the same period of the previous year) as overtime work decreased due to work-life balance initiatives at major companies, among other factors.」

    While the utilisation rate improved year on year, working hours declined from 8.77 hours to 8.70 hours. The risk of lower working hours associated with permanent employment continues to be reflected in actual results.
  32. FY2018-Q2MaterialisedAnnual report

    「The overall utilisation rate on a non-consolidated basis rose year on year to 96.8% (95.3% in the same period of the previous year). Working hours declined to 8.68h/day (8.74h/day in the same period of the previous year) as overtime work decreased due to work-life balance initiatives at major companies, among other factors.」

    While the utilisation rate improved from 95.3% in the same period of the previous year to 96.8%, working hours declined from 8.74 hours to 8.68 hours, indicating that the risk of lower working hours associated with permanent employment continues to be reflected in actual results.
  33. FY2018-Q1MaterialisedAnnual report

    「The overall utilisation rate on a non-consolidated basis rose year on year to 95.2% (93.9% in the same period of the previous year). Working hours declined to 8.66h/day (8.77h/day in the same period of the previous year) as overtime work decreased due to work-life balance initiatives at major companies, among other factors.」

    While the utilisation rate improved year on year, working hours declined from 8.77 hours to 8.66 hours, indicating that the risk of lower working hours associated with permanent employment continues to be reflected in actual results.
  34. FY2017-Q3MaterialisedAnnual report

    「The overall utilisation rate on a non-consolidated basis declined year on year to 96.1% (96.7% in the same period of the previous year), mainly because we carefully selected assignments for the 338 new graduate engineer employees who joined the Company in April this year and strategically rotated customers and assignments to support the career development of engineer employees. Although the order environment remained firm from the first half, working hours declined to 8.77h/day (8.81h/day in the same period of the previous year), mainly due to reduced overtime work at some customer companies.」

    The utilisation rate declined from 96.7% in the same period of the previous year to 96.1%, and working hours declined from 8.81 hours to 8.77 hours, indicating that the risk of lower utilisation rates and working hours associated with permanent employment continues to be reflected in actual results. The Company attributed this to the careful selection of assignments, rotations aimed at career development and reduced overtime work at customer companies, among other factors.
  35. FY2017-Q2MaterialisedAnnual report

    「The overall utilisation rate on a non-consolidated basis was 95.3% (96.0% in the same period of the previous year), a slight year-on-year decline. This was mainly because we carefully selected assignments for the 338 new graduate engineer employees who joined the Company in April this year and strategically rotated customers and assignments to support the career development of engineer employees. Although the order environment remained firm, working hours declined to 8.74h/day (8.77h/day in the same period of the previous year), mainly due to reduced overtime work at some customer companies.」

    The utilisation rate declined from 96.0% in the same period of the previous year to 95.3%, and working hours declined from 8.77 hours to 8.74 hours, indicating that the risk of lower utilisation rates and working hours associated with permanent employment continues to be reflected in actual results. The Company attributed this to the careful selection of assignments, rotations aimed at career development and reduced overtime work at customer companies, among other factors.
  36. FY2017-Q1MaterialisedAnnual report

    「The overall utilisation rate on a non-consolidated basis was 93.9% (94.5% in the same period of the previous year), a slight year-on-year decline. This was mainly because more new graduate engineers joined the Company in April this year than last year. Working hours also declined to 8.77h/day (8.82h/day in the same period of the previous year), mainly due to reduced overtime work at some client companies.」

    The anticipated decline in utilisation rates and working hours was observed in actual results. The Company attributed the lower utilisation rate to the increase in new graduate hires and the decline in working hours to reduced overtime work at client companies, among other factors.
  37. FY2016First statedAnnual report

    「However, because we permanently employ a large number of engineers as regular employees, if the number of engineers assigned to clients or the proportion of engineers on assignment declines, or working hours, working days or staffing rates decrease, our cost ratio may rise, which could affect the operating results and financial condition of our group.」

    Fixed-cost and utilisation-rate risk based on approximately 8,000 permanent employees and assignments to more than 1,000 companies.
Moved together

"Risk of lower orders and utilization rates due to COVID-19" moved the same way as this thread, in the same document, in 16 of its 37 moves.

1615151199★123456
  1. ★This thread
  2. 1Risk of lower orders and utilization rates due to COVID-1916×
  3. 2Expansion of Order Volumes, Business Scope and Sales Capabilities15×
  4. 3No. 1 in Engineer Support15×
  5. 4Engineer Hiring and Headcount Expansion Built on the Brand11×
  6. 5A model based on the permanent employment of a large number of engineers9×
  7. 6Share buybacks using surplus funds exceeding three months’ worth of funds9×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
MEITEC Group Holdings's next results are scheduled for 2026-10-29. Read the earnings preview It last moved in the Earnings of 2026-07-30: "Restated".
News
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Risk of lower utilization and staffing rates associated with permanent employment | MEITEC Group Holdings Inc. (9744) | Komori