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Next, the Residential segment is explained.
For the second quarter of the fiscal year ending March 31, 2018, both revenue and profit increased.
This is attributable to increased sales of the condominium business due to the increase in high-end properties and the increase in bulk sales of land recorded under “Others” under the breakdown of net sales, among others, which offset the decrease in the number of units of condominiums recorded.
For the fiscal year ending March 31, 2018, revenue will increase but profit will decrease.
Revenue is expected to increase due to higher sales in the business for sales of rental housings for investors that was included in “Others” under the breakdown of net sales and the increase in bulk sales of land, among other factors. However, in reaction to the posting of high-end condominium properties for the previous fiscal period, the average price per unit is forecast to fall, so the gross margin rate will also decrease. Accordingly, profit is expected to decrease.
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