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I would now like to explain the increase and decrease in operating revenues and operating profits by segment.
As you can see in the bar graph on the upper part of the slide, operating revenues in the Urban Development segment declined due to decreased gains on the sales of buildings to investors.
In the Residential segment, revenues decreased by ¥7 billion year on year associated with the bulk sale of land in the previous fiscal year.
In terms of operating profit, as shown on the lower part of the slide, a profit increase of ¥4.5 billion year on year was recorded thanks to the increased profit in the Residential segment due to the improved gross margins of condominiums and the strong performance of the Real-Estate Agents segment and the Wellness segment.
The specific results of each segment will be described later.
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