Cost burden from higher unit labor costs
First written in FY2020. 8 of 11 entries say "Materialised", first in FY2021. Latest entry: 2026-10-09.
Juntendo moved to the "Worse" side of this theme in 2021, 3 years before the typical company in this theme (2024).
The whole theme swung hardest in 2023: 7 of 11 companies on the "Worse" side.
0 other companies' latest entry also says "Mitigated".
- 2026-10-09MitigatedEarnings presentation
「水道光熱費や人件費が減少いたしました。」
コスト削減の取組みにより、水道光熱費及び人件費が前年同期比で減少したと記載されている。 - FY2026RestatedAnnual report
「Although we worked to improve the gross profit margin through better pricing and reduce expenses, operating income and ordinary income fell below the previous fiscal year. Operating revenue was affected by poor performance in the second half of the fiscal year, while SG&A expenses were affected by higher labor costs resulting from wage increases and higher depreciation expenses associated with capital investment.」
Higher labor costs resulting from wage increases and higher depreciation expenses associated with capital investment were confirmed throughout the fiscal year as factors weighing on profit, alongside efforts to reduce expenses. - FY2024MaterialisedAnnual report
「Although we worked to restrain selling, general and administrative expenses, operating income, ordinary income and net income all fell below the previous fiscal year due to higher labor costs resulting from measures emphasizing investment in personnel and increased depreciation expenses associated with investment in new stores.」
Labor costs actually increased as a result of measures emphasizing investment in personnel and, together with the depreciation burden associated with investment in new stores, became a factor weighing on profit. - FY2024-Q2MaterialisedAnnual report
「In terms of earnings, operating income was ¥499 million, down ¥533 million year on year, or 51.6%, due to lower gross profit from price competition, higher labor costs to secure personnel and increased utilities expenses resulting from higher energy costs. Ordinary income was ¥502 million, down ¥535 million year on year, or 51.6%.」
Higher labor costs to secure personnel actually occurred and, together with price competition and higher energy costs, exerted downward pressure on profit. - FY2024-Q1MaterialisedAnnual report
「In terms of earnings, operating income was ¥305 million, down ¥373 million year on year, or 55.0%, due in part to lower revenue and higher utilities expenses resulting from increased labor and energy costs,」
The rise in labor costs was explicitly cited, together with higher energy costs and other factors, as a reason for the 55.0% year-on-year decline in operating income. - FY2023MaterialisedAnnual report
「Selling, general and administrative expenses increased due to higher energy costs, increased expenses for new stores, base-pay increases and higher minimum wages, among other factors. However, as a result of efforts to control other SG&A and related costs, operating income, ordinary income and net income exceeded the original targets.」
Labor costs actually increased throughout the fiscal year due to higher energy costs, increased expenses for new stores, base-pay increases and higher minimum wages, among other factors. - FY2022MaterialisedAnnual report
「As revenue declined, gross profit also decreased. Selling, general and administrative expenses increased partly because of investment in human resources to support the company's sustainable growth, and operating income, ordinary income and net income were below the previous fiscal year, although the original targets were achieved.」
Labor costs actually increased as a result of investment in human resources to support sustainable growth, and this was cited as one factor behind the decline in profit. - FY2021MaterialisedAnnual report
「Selling, general and administrative expenses increased due to higher labor costs, including special allowances paid to reward employees working on the front line during the COVID-19 pandemic. Nevertheless, we recorded operating income, ordinary income and net income significantly above the previous fiscal year.」
In connection with concerns over rising unit labor costs, the document states that labor costs actually increased due to special allowances and other measures during the COVID-19 pandemic. Selling, general and administrative expenses were ¥13,253 million, an increase of 0.6% year on year. - FY2020First statedAnnual report
「We will work to improve productivity in response to rising labor costs and reduce other expenses.」
The rise in unit labor costs was identified for the first time as an expense-related issue, alongside a policy of addressing it through higher productivity and reductions in other expenses.