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Now, I will move on to the Real-Estate Agents segment.
We recorded increases in revenues and profit in the second quarter (first six months) of the fiscal year ending March 31.
Tokyu Livable worked to enhance its services, such as the “Livable Intermediary Guarantee Service,” and raise awareness of the Livable brand through TV commercials and other media. As a result, the Retail and Wholesale sectors recorded increases in revenues and profit, mainly due to increased sales in the purchase and resale business in real-estate sales, in addition to a rise in revenues due to increases in the number of transactions and contract prices.
For forecasts for the fiscal year ending March 31, 2018, we project increases in both revenues and profit factoring in the continuation of favorable sales agency operations and an increase in revenue in real-estate sales.
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