|
|
 |
Next is the overview of each segment.
Let me first explain the Urban Development segment.
In the second quarter of the fiscal year ending March 31, 2019, both revenue and profit declined.
Despite an improvement in revenue of existing properties, revenue and profit declined due to a fall in revenue from sales of properties, including buildings for investors, a backlash to fee income recorded in the previous fiscal year, and lost profit of properties sold in the previous fiscal year.
For the fiscal year ending March 31, 2019, revenue and profit are also forecast to decline.
Revenue is expected to decline due to a fall in revenue from sales of properties, including buildings for investors, and profit is forecast to decrease due to the lost profit of properties sold in the previous fiscal year and an increase in expenses for redevelopment projects, despite higher profit from new operations and an increase in gains on sales of buildings for investors and other properties.
|
|
|
