Nishio Glass & Mirror CEO Tomoyuki Nishio

Nishio Glass & Mirror CEO Tomoyuki Nishio

Kiyoshi Ota/Bloomberg

Tomoyuki Nishio, chief executive officer of Nishio Glass & Mirror Co., left, speaks with an employee at the company's factory in Tokyo. Nishio said he can’t hire anyone unless he offers higher wages after the number of job applicants plunged.