Delayed Recovery in the Multi-Unit Housing Market Due to the UK's Withdrawal from the EU and Shortages of Building Materials
First written in FY2022-Q2. 2 of 6 entries say "Worsened", first in FY2022-Q3. Latest entry: FY2024-Q3.
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- FY2024-Q3MitigatedAnnual report
「In the UK, economic conditions remained unstable. However, as market conditions stabilised from the latter half of the third quarter, sales of the in-demand IP network-compatible intercom systems performed well in the business market, and revenue increased from the same period of the previous year.」
In the UK, economic uncertainty remained, but market conditions stabilised from the latter half of the third quarter, improving sales and revenue from IP systems for the business market. - FY2024-Q2Supply recovery alongside project delaysAnnual report
「Economic conditions also remained unstable in the UK, affecting first-half results as construction schedules for some multifamily housing projects were postponed. However, as restrictions on product supply eased, sales of core products performed well in the business market, contributing to a substantial increase in revenue from the same period of the previous year.」
In the UK, economic uncertainty and delays to multifamily housing projects persisted, while the easing of supply restrictions led to substantial increases in sales of core products and revenue in the business market. - FY2024-Q1MitigatedAnnual report
「For アイホンＵＫ, the UK sales subsidiary, revenue increased substantially as the supply restrictions on some products eased, resulting in strong sales of core products in the residential and business markets.」
In the UK, supply restrictions on some products eased, and sales of core products in the residential and business markets performed well, partially mitigating the impact of the previously cited supply constraints on sales. - FY2023-Q2WorsenedAnnual report
「For アイホンＵＫ, the UK sales subsidiary, revenue declined substantially as restrictions on the supply of some products had a significant impact and sales decreased, particularly in the core residential market.」
In the UK, in addition to the previously cited Brexit and building material shortages, supply restrictions on some products materialised as lower sales and a substantial decline in revenue. - FY2022-Q3WorsenedAnnual report
「For アイホンＵＫ, the UK sales subsidiary, new multifamily housing starts have remained sluggish due to Brexit, soaring building material prices and labour shortages associated with the COVID-19 pandemic. However, sales of IP network-compatible intercom systems performed well in the business market, and revenue increased from the same period of the previous year.」
In the UK multifamily housing market, soaring building material prices and labour shortages have been identified in addition to the previously cited Brexit and building material shortages, and new housing starts remain sluggish. - FY2022-Q2First statedAnnual report
「Although recovery in the multifamily housing market is taking time for アイホンＵＫ, the UK sales subsidiary, due to Brexit and shortages of building materials caused by the COVID-19 pandemic」
In the UK multifamily housing market, Brexit and shortages of building materials are identified for the first time as factors delaying the market recovery.