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Changes in operating revenue and operating profit by segment are explained.
The operating revenue of the Urban Development segment, as shown in the bar chart in the upper part, increased due to increased revenue from sales of properties including buildings for investors. That of the Residential segment also increased due to increased sales of condominiums and an increase in bulk sales of land, among other causes. That of the real-estate agents business also increased due to its strong performance. It increased ¥88.7 billion year on year.
Operating profit shown in the lower part, like operating revenue, increased ¥9.6 billion year on year, mainly in the urban development/residential/real-estate agents segments.
The specific details by segment will be explained later.
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