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I'll now provide an overview by segment. Let me begin with our performance in the Leasing of Real Estate segment.
Our performance in the fiscal year ended March 31, 2012, was as follows: operating revenue declined ¥14.8 billion from the previous fiscal year, to ¥125.3 billion, and operating income fell ¥24.3 billion, to ¥35.3 billion.
Of the ¥14.8 billion decline in operating revenue, one negative factor was a ¥34.0 billion decline due to the elimination of distributions from the sale of buildings by SPCs that we posted in the fiscal year ended March 2011. This was partially offset by a ¥8.2 billion increase, mainly reflecting the new operation of Abeno Market Park Q's Mall and other facilities, along with a ¥12.1 billion increase in revenues due to the consolidation of SPCs in the fiscal year ended March 2012.
The major factors for the ¥24.3 billion decrease in operating income included ¥34.0 billion attributable to the absence of distributions from the sale of buildings by SPCs that we posted in the fiscal year ended March 2011, as in revenues, offset partially by ¥8.6 billion as a result of posting interest expenses under non-operating income and losses associated with the consolidation of SPCs and ¥1.8 billion reflecting the new operation of facilities.
As shown in the lower table, we forecast operating revenue of ¥125.4 billion, increasing ¥0.1 billion from the previous fiscal year, and operating income of ¥33.0 billion, falling ¥2.4 billion, for the fiscal year ending March 2013.
With respect to factors for the ¥2.4 billion decline in operating income, we anticipate a loss of income of ¥2.9 billion due to the sale of properties to a REIT and a ¥1.2 billion decline attributable to lower rent from existing buildings, among other factors. In contrast, we expect operating income to increase ¥1.8 billion with the new operation of facilities.
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