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Next, I will brief you on the changes in operating revenue and operating income by segment.
In regards to operating revenue, as you can see in the upper bar chart, the Residential segment suffered a decline in revenue due to a decrease in the number of condominium units sold. Meanwhile, the Urban Development segment achieved a rise in gains on the sale of buildings and other properties for investors. As a result, operating revenue was up ¥59.1 billion from the preceding fiscal year.
In regards to the operating income portrayed in the lower part, the picture is similar to that of operating revenue. The decline in the Residential segment was covered by the growth in the Urban Development segment. In total, operating income increased by ¥1.9 billion year on year.
We will take a closer look at the individual segments later on.
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