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Next, I will provide an explanation on the Wellness segment.
In the second quarter of the fiscal year ending March 31, 2018, the segment recorded an increase in revenues and decrease in profit.
The decrease was attributable partly to a reaction to the posting of sales of profitable country houses in previous fiscal year, although revenues increased as the Grancreer Setagaya Nakamachi was opened in July in the senior housing business and existing facilities including the Tokyu Stay urban style hotels showed strong performances.
The segment projects an increase in revenues and a decrease in profit with regard to forecasts for the fiscal year ending March 31, 2018 as well.
The decrease in profit is projected partly due to a reaction of the posting of sales of land for country houses in the previous term, although an increase in revenues is projected mainly due to improvements in existing facilities such as ski resorts as well as the commencement of operations in certain senior housing facilities and the Tokyu Stay hotels.
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