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We will now explain the Innovation Business segment, which consists of overseas operations.
In the third quarter of the fiscal year ending March 31, 2020, both revenue and profit decreased due to the transfer of the detached house renovation business to the Property Management segment and a decline in property sales overseas, which offset the continued posting of sales of condominiums in Indonesia.
With respect to forecasts for the fiscal year ending Mach 31, 2020, the segment projects a decrease in both revenue and profit for the same reason.
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