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The outline of the results for the second quarter of the fiscal year ending March 31, 2018 is explained.
Operating revenue increased ¥88.7 billion year on year, to ¥408 billion. Operating profit increased ¥9.6 billion year on year, to ¥35 billion. Ordinary profit increased ¥10.4 billion year on year, to ¥30.7 billion. Profit attributable to owners of parent increased ¥7.3 billion year on year, to ¥17.6 billion.
Against the background of steady market conditions, each business performed well.
Both revenue and profit increased due to increased sales of condominiums as well as increased revenue from sales of properties including buildings for investors.
The debt/equity ratio increased temporarily from the end of the previous fiscal year to 2.7 times at the end of September 2017; however, it will be 2.6 times at the end of FY2017 as initially estimated.
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