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Next, the Residential segment is explained.
As shown in the upper part, for the fiscal year ended March 31, 2018, revenue increased mainly due to increases in rental housing for investors and bulk sales of land being included in “Others” under the breakdown of operating revenue. On the other hand, profit decreased due to the decreased gross margin due to the lack of a transaction equivalent to the highly profitable condominium properties in the previous fiscal year.
For the fiscal year ending March 31, 2019, both revenue and profit will decrease. This forecast is mainly based on the expected decrease in the number of unit sales of condominiums.
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