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Next, I will explain the Property Management segment.
In the second quarter of the fiscal year ending March 31, 2019, both revenue and profit increased due to a rise in sales of construction of buildings and other facilities as a result of concentrating the renovation business function in the Group into Tokyu Reć»design Corporation, which was established as a subsidiary of Tokyu Community Corp., from October 2017, in addition to an increase in stock of condominiums and buildings under management.
For the fiscal year ending March 31, 2019, both revenue and profit are expected to increase due to the concentration of the renovation business, in addition to higher revenue due to the continued increase in stock of condominiums and buildings under management.
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