Risks from a Declining Labor Force and the Costs of Securing and Developing Talent
First written in FY2016. 9 of 15 entries say "Materialised", first in FY2017-Q1. Latest entry: 2026-08-13.
Yamaya moved to the "Worse" side of this theme in 2018, 5 years before the typical company in this theme (2023).
The whole theme swung hardest in 2025: 15 of 29 companies on the "Worse" side.
6 other companies' latest entry also says "Materialised".
- FY2026-H1MaterialisedAnnual report
「Operating profit, ordinary profit and interim net income attributable to owners of the parent also declined, partly because increases in personnel expenses and other costs exceeded expectations.」
Increases in personnel expenses and other costs exceeded expectations and actually contributed to declines in operating profit, ordinary profit and interim net income. - FY2024RestatedAnnual report
「Going forward, if labour costs rise significantly due to intensifying competition for human resources resulting from a shrinking workforce, increased wage pressures accompanying an economic recovery and changes in the employment environment, or amendments to various labour-related laws and the Immigration Control and Refugee-Recognition Act aimed at narrowing disparities in treatment, or if the development of in-house personnel does not progress, personnel leave for outside organisations, or recruitment itself becomes difficult, the group's business, financial position and operating results could be affected.」
The company continues to identify competition for human resources, rising labour costs, inadequate personnel development, personnel outflows and difficulty recruiting as major risks. - FY2020-Q3MaterialisedAnnual report
「Gross profit declined by ¥53 million to ¥19,461 million, down 0.3% year on year. Selling, general and administrative expenses rose by ¥399 million, mainly because of higher flex and part-time wages, to ¥16,055 million, up 2.6%, resulting in a ¥453 million decline in operating profit.」
Higher flex and part-time wages and other costs contributed to the ¥399 million increase in selling, general and administrative expenses and appeared as a decline in operating profit. - FY2020-Q2MaterialisedAnnual report
「Gross profit was ¥12,487 million, up 1.4% year on year and an increase of ¥167 million. However, selling, general and administrative expenses rose 3.1% to ¥10,566 million, an increase of ¥319 million, due to higher flex-payroll and promotional point expenses, resulting in a ¥152 million decline in operating profit.」
Higher selling, general and administrative expenses, including payroll-related costs, actually contributed to the decline in operating profit in the liquor retailing business. - FY2020-Q1MaterialisedAnnual report
「The food-service industry remains in a difficult environment because customers are highly selective, while higher raw-material prices, labour shortages and intensifying competition including from other industries continue to have an impact. In response to the labour shortage, the company limited new store openings and worked to improve service levels at existing stores, while focusing on recruiting and training foreign workers to secure global talent.」
Labour shortages are a factor in the difficult operating environment for the food-service industry, and the company has responded by restraining new store openings and recruiting and training foreign workers. - FY2019RestatedAnnual report
「To further expand its business, our group considers it important to secure and develop talented personnel and prevent personnel outflows, while making use of part-time and temporary workers and foreign workers.」
The company identifies securing, developing and retaining personnel as challenges for expanding its business, and also refers to the use of part-time, temporary and foreign workers. - FY2019-Q3RestatedAnnual report
「The food-service industry remains in a difficult environment because customers continue to be highly selective, competition including from other industries is intensifying, and the industry is affected by unsettled weather and rising raw-material prices and labour shortages.」
Labour shortages continue to be cited, alongside rising raw-material prices, intensifying competition and unsettled weather, as factors behind the difficult conditions in the food-service industry. - FY2019-Q2MaterialisedAnnual report
「The food-service industry remains in a difficult environment because customers are highly selective, while higher raw-material prices and labour shortages, intensifying competition including from other industries, and unsettled weather caused by earthquakes, torrential rain and typhoons, particularly in western Japan, continue to affect the industry.」
Labour shortages are explicitly identified as a factor in the difficult operating environment for the food-service industry, with their impact on the business continuing. - FY2018RestatedAnnual report
「To further expand its business, our group considers it important to secure and develop talented personnel and prevent personnel outflows, while making use of part-time and temporary workers and foreign workers.」
The company identifies securing, developing and retaining personnel as challenges for expanding its business, and also refers to the use of part-time, temporary and foreign workers. - FY2017RestatedAnnual report
「To further expand its business, our group considers it important to secure and develop talented personnel and prevent personnel outflows, while making use of part-time and temporary workers and foreign workers.」
The company identifies securing, developing and retaining personnel as challenges for expanding its business, and also refers to the use of part-time, temporary and foreign workers. - FY2017-Q2MaterialisedAnnual report
「Amid sluggish revenue due to weak demand across the food-service industry, selling, general and administrative expenses rose because of higher costs for relocating the head office, opening and closing or converting company-operated and franchised stores, developing new formats, and personnel expenses. As a result, for the cumulative second quarter of the current consolidated fiscal year, the food-service segment reported revenue of ¥23,048 million, or 98.4% of the year-earlier period, and operating profit of ¥1,209 million, or 77.4%.」
Higher personnel expenses contributed to the increase in selling, general and administrative expenses and appeared as a factor in the decline in food-service operating profit. - FY2017-Q1MaterialisedAnnual report
「In addition to the decline in gross profit resulting from lower revenue, net income attributable to owners of the parent declined because of temporary increases in selling, general and administrative expenses, including capital investment driven by an acceleration of the aggressive store-opening policy in the first quarter, particularly in the liquor retailing business, and personnel expenses to secure human resources.」
A temporary increase in personnel expenses to secure human resources contributed to the decline in quarterly net income through higher selling, general and administrative expenses. - FY2016First statedAnnual report
「Going forward, if labour costs rise significantly due to intensifying competition for human resources resulting from a shrinking workforce, increased wage pressures accompanying an economic recovery and an improving employment environment, or amendments to various labour-related laws and the Immigration Control and Refugee-Recognition Act aimed at narrowing disparities in treatment, or if the development of in-house personnel does not progress, personnel leave for outside organisations, or recruitment itself becomes difficult, the group's business, financial position and operating results could be affected.」
The company identifies the recruitment, development and retention of personnel needed to expand its business, as well as rising labour costs, as risks.