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I will now provide you with an overview of the operating results for the first six months of the fiscal year ending March 2017.
Operating revenue decreased ¥32.0 billion year on year, to ¥319.3 billion, operating income declined ¥4.2 billion, to ¥25.3 billion, ordinary income decreased ¥3.4 billion, to ¥20.3 billion, and profit attributable to owners of parent declined ¥4.5 billion, to ¥10.3 billion.
Our businesses have remained steady thanks to the backdrop of solid market conditions. However, both revenue and income declined, mainly reflecting the decline in gain on sale of buildings for investors, etc. in the Urban Development segment.
With regard to progress rates against the full-year forecast, the rate of progress is slightly low, at below 40%, as shown in the “Progress” column on the right-hand end of the table. This is attributed in part to the planned sale of properties in the Urban Development segment in the second half of the fiscal year, in addition to the fact that deliveries of properties tend to be concentrated at the end of the fiscal year in the Residential segment.
Operating results for the period are in line with the full-year forecast.
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