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Here are the trends in the performance indicators for condominium sales.
In the fiscal year ending March 31, 2020, the segment is expected to record 1,694 units sold, an increase of 428 units from the previous fiscal year, which amount to ¥100.9 billion.
The contract ratio to sales forecast for condominiums made steady progress, standing at 90% as of the end of December.
The inventory of completed units decreased steadily from the level at the end of the previous fiscal year, to 340 units at the end of December 2019.
Regarding the land acquisition, which is shown in the purchase of land for sales of the table, we made a purchase of ¥24.5 billion in the third quarter, which is the land for 1,957 units under the ongoing policy of making selective investments.
The Land Bank, the acquisition of which will be posted in the fiscal year ending March 31, 2021 and beyond, holds approximately 10,700 units.
The gross margin ratio of condominiums for the fiscal year ending March 31, 2020 is estimated to be about 22% as shown on the lower left.
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