Labor Shortages and Rising Personnel Expenses
First written in FY2016. 13 of 23 entries say "Restated". Latest entry: FY2026.
Genki Global Dining Concepts moved to the "Worse" side of this theme in 2022, 2 years after the typical company in this theme (2020).
The whole theme swung hardest in 2022: 25 of 55 companies on the "Worse" side.
25 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Salaries and allowances increased by ¥775 million from the previous consolidated fiscal year due to the increase in the minimum wage and the number of employees.」
Salaries and allowances increased by ¥775 million year on year due to the increase in the minimum wage and the number of employees. The labour shortage and rising labour cost risks continued to be reflected in actual results as higher costs. - FY2026-H1WorsenedAnnual report
「The company faces numerous risk factors, including higher labour costs resulting from prolonged labour shortages and increases in the minimum wage, and the outlook for the domestic and overseas economies remains uncertain.」
The disclosure continued to explicitly identify higher labour costs resulting from prolonged labour shortages and increases in the minimum wage as a significant external risk. - FY2025WorsenedAnnual report
「Salaries and allowances increased by ¥1,372 million from the previous consolidated fiscal year due to the increase in the minimum wage and the number of employees.」
The disclosure reported that salaries and allowances increased by ¥1,372 million year on year due to the increase in the minimum wage and the number of employees, with rising labour costs continuing to be reflected in actual results. - FY2024WorsenedAnnual report
「Personnel expenses increased by ¥1,645 million from the previous consolidated fiscal year due to the increase in the minimum wage and the number of employees.」
The disclosure identified the scarcity of human resources as an issue and reported that personnel expenses increased by ¥1,645 million from the previous year. Labour shortages and rising labour costs were reflected in actual results as higher costs. - FY2022WorsenedAnnual report
「Selling, general and administrative expenses increased by ¥2,256 million, or 10.1%, from the previous consolidated fiscal year to ¥22,893 million. This was mainly due to higher personnel expenses and increases in energy and raw material prices.」
Higher personnel expenses were reflected as a factor behind the increase in selling, general and administrative expenses, demonstrating the labour shortage and rising labour cost risks in actual results. - FY2020-Q3RestatedAnnual report
「The food service industry continues to face a challenging operating environment, including deep-rooted consumer preferences for saving and low prices, higher labour costs due to labour shortages, rising raw material prices and intensifying competition across industries and business formats.」
The disclosure continued to identify the challenging labour environment, including higher labour costs resulting from labour shortages. - FY2020-Q2RestatedAnnual report
「The food service industry continues to face a challenging operating environment, including deep-rooted consumer preferences for saving and low prices, higher labour costs due to labour shortages, rising raw material prices and intensifying competition across industries and business formats.」
The disclosure continued to identify the challenging labour environment, including higher labour costs resulting from labour shortages. - FY2020-Q1RestatedAnnual report
「The food service industry continues to face a challenging operating environment, including deep-rooted consumer preferences for saving and low prices, higher labour costs due to labour shortages, rising raw material prices and intensifying competition across industries and business formats.」
The disclosure continued to identify the challenging labour environment, including higher labour costs resulting from labour shortages. - FY2019-Q3RestatedAnnual report
「The food service industry continues to face a challenging operating environment, including deep-rooted consumer preferences for saving and low prices, higher labour costs due to labour shortages, rising raw material prices and intensifying competition across industries and business formats.」
The disclosure continued to identify the challenging labour environment, including higher labour costs resulting from labour shortages. - FY2019-Q2RestatedAnnual report
「The food service industry continues to face a challenging operating environment, including deep-rooted consumer preferences for saving and low prices, higher labour costs due to labour shortages, rising raw material prices and intensifying competition across industries and business formats.」
The disclosure continued to identify the challenging labour environment, including higher labour costs resulting from labour shortages. - FY2019-Q1RestatedAnnual report
「The food service industry continues to face a challenging operating environment, including deep-rooted consumer preferences for saving and low prices, higher labour costs due to labour shortages, rising raw material prices and intensifying competition across industries and business formats.」
The disclosure continued to identify the challenging labour environment, including higher labour costs resulting from labour shortages. - FY2018RestatedAnnual report
「Against the backdrop of a declining working-age population, the hiring environment is becoming increasingly challenging. Costs required to secure human resources are expected to continue rising, including higher recruitment expenses resulting from increases in the minimum wage, higher social insurance and other costs, and intensified competition for talent across industries.」
The disclosure continued to identify higher costs to secure human resources due to the declining working-age population, minimum wage increases, higher social insurance costs, and competition for talent, as well as the need to review store-opening plans if the company is unable to secure and develop sufficient personnel. - FY2018-Q3RestatedAnnual report
「The food service industry continues to face a challenging operating environment, including stronger consumer preferences for saving and low prices, higher labour costs due to labour shortages, rising raw material prices and intensifying competition across industries.」
The disclosure continued to identify the challenging environment resulting from higher labour costs caused by labour shortages and consumers' preference for lower prices and saving. - FY2018-Q2RestatedAnnual report
「The food service industry continues to face a challenging operating environment, including stronger consumer preferences for saving and low prices, higher labour costs due to labour shortages, rising raw material prices and intensifying competition across industries.」
The disclosure continued to identify the challenging environment resulting from higher labour costs caused by labour shortages and consumers' preference for lower prices and saving. - FY2018-Q1RestatedAnnual report
「The food service industry continues to face a challenging operating environment, including stronger consumer preferences for saving and low prices, higher labour costs due to labour shortages, rising raw material prices and intensifying competition across industries.」
The disclosure continued to identify the challenging hiring and labour environment, including higher labour costs resulting from labour shortages. - FY2017WorsenedAnnual report
「Against the backdrop of a declining working-age population, the hiring environment is becoming increasingly challenging. Costs required to secure human resources are expected to continue rising, including higher recruitment expenses resulting from increases in the minimum wage, higher social insurance and other costs, and intensified competition for talent across industries. In addition, various initiatives are required, including establishing internal training systems, hiring mid-career employees who can contribute immediately, creating an attractive working environment to prevent employee outflows, and enhancing employee benefits.」
The disclosure provided additional detail on the impact of the declining working-age population, competition for talent, minimum wage increases, higher social insurance costs, and measures to prevent employee outflows, in addition to the previously identified labour shortages and rising labour costs. It also stated that store-opening plans may need to be reviewed and operating hours shortened if the company is unable to secure and develop sufficient human resources. - FY2017-Q3RestatedAnnual report
「The food service industry continues to face a challenging operating environment, including stronger consumer preferences for saving and low prices, higher labour costs due to labour shortages, rising raw material prices and intensifying competition across industries.」
The disclosure continued to identify the challenging environment resulting from higher labour costs caused by labour shortages and consumers' preference for lower prices and saving. - FY2017-Q2RestatedAnnual report
「The food service industry continues to face a challenging operating environment, including stronger consumer preferences for saving and low prices, higher labour costs due to labour shortages, rising raw material prices and intensifying competition across business formats.」
The disclosure continued to identify the challenging environment resulting from higher labour costs caused by labour shortages and consumers' preference for lower prices and saving. - FY2017-Q1RestatedAnnual report
「The food service industry continues to face a challenging operating environment, including increasingly polarised consumption driven by stronger preferences for saving, as well as higher labour costs due to labour shortages and rising raw material prices.」
The disclosure stated that consumers' preference for saving and polarization in consumption, together with higher labour costs resulting from labour shortages, continue to contribute to the challenging business environment. - FY2016First statedAnnual report
「Consumers are also beginning to show a greater preference for saving, while the challenging business environment continues due to higher labour costs resulting from labour shortages and surging raw material prices.」
The disclosure identified higher labour costs resulting from labour shortages as a business-environment risk alongside surging raw material prices and consumers' preference for saving.