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Now, We will provide an overview of each segment.
First is the Urban Development segment.
In the third quarter of the fiscal year ending March 31, 2020, profit increased mainly due to proceeds from new properties such as Shibuya Solasta, despite a decrease in revenues from sales of properties including buildings for investors.
In terms of forecasts for the fiscal year ending March 31, 2020, we project an increase in both revenue and profit by offsetting the fall in revenues from sales of properties, including buildings for investors, mainly with proceeds from new properties and other sources.
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