Ainavo Holdings (7539) · RiskRestated
Decline in siding construction revenue due to a chronic shortage of skilled workers
First written in FY2019-Q1. 1 of 2 entries say "Restated". Latest entry: FY2019-Q2.
2entries
1years
0from disclosures
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Same theme, other companies
Labor Shortage Due to Aging Housing Construction Workers and Difficulties Transferring SkillsA theme 5 companies write about · 5 as a headwind · 0 as a tailwind
1 other company's latest entry also says "Restated".
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- FY2019-Q2RestatedAnnual report
「Although the order value for siding work increased, completed work fell below the previous year due to a chronic shortage of skilled workers. However, the profit margin improved substantially as the utilization rates of precut siding and processed outside corners increased.」
While the chronic shortage of skilled workers continued, along with the resulting increase in orders and decline in completed work, the profit margin improved as utilization rates of the processing methods increased. - FY2019-Q1First statedAnnual report
「Demand for exterior wall tile construction remained firm, but despite an increase in siding construction orders, completed siding construction declined because of a chronic shortage of skilled tradespeople.」
A chronic shortage of skilled workers actually occurred, and completed siding work declined despite an increase in the volume of orders.