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Next, I would like to explain the results and forecasts for the Wellness segment.
In the first six months of the fiscal year ending March 2016, both operating revenue and operating income increased.
In addition to the improved business of Tokyu Stay, which operates hotels for medium- to long-term stays, primarily in response to growth in the demand of foreign visitors to Japan, new operations such as Harvest Club Kyoto Takagamine & VIALA that opened in the previous fiscal year and Tokyu Sports Oasis, which operates a fitness club, resulted in increased revenue and income.
In the forecast for the fiscal year ending March 2016, we expect both an increase in operating revenue and a decrease in operating income.
While the performance of Tokyu Stay, etc. is expected to remain strong, sales are expected to remain mostly unchanged due to a decline in the sales of vacation homes and memberships of facilities such as Harvest Club Kyoto Takagamine & VIALA from the previous fiscal year, and operating income is expected to fall due to reduced sales, etc. of vacation homes and memberships.
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