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Next, I would like to present the results and forecasts for the Real-estate Agent Business segment.
In the fiscal year ended March 31, 2016, operating revenue grew ¥19.0 billion year on year, to ¥80.3 billion, and operating income rose ¥0.8 billion, to ¥10.2 billion.
In the real-estate agent business, the number of transactions and contracted prices increased in both the retail and wholesale divisions as a result of the strong performance of the real estate distribution market. Operating revenue from real estate sales such as purchase and resale also increased, resulting in revenue and income growth.
In the fiscal year ending March 31, 2017, the segment is projected to reach operating revenue of ¥83.3 billion, up ¥3.0 billion year on year, and operating income of ¥10.5 billion, up ¥0.3 billion year on year.
We continue to anticipate higher revenue and income based on the strong real-estate agent business.
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