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I will now move on to the description of the Tokyu Hands segment.
In the fiscal year ended March 31, 2016, operating revenue increased ¥7.8 billion year on year, to ¥95.7 billion, and operating income rose ¥0.2 billion, to ¥1.1 billion.
The revenue and income growth was achieved mainly through the improvement of existing stores and the opening of new stores.
Our forecast for the fiscal year ending March 2017 includes operating revenue of ¥102.3 billion, up ¥6.6 billion year on year, and operating income of ¥0.9 billion, down ¥0.2 billion year on year.
While growth in revenue is expected particularly from new stores, an increase in the cost of new operation is expected to result in reduced income.
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