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Next is the Real-Estate Agents segment.
The segment recorded an increase in revenue and a decrease in profit in the second quarter of the fiscal year ending March 31, 2019.
In real-estate sales agent, revenue increased in both retail and wholesale sales. In real-estate sales, while revenue increased due to a rise in the posting of whole residences for investment, which the segment develops under the “Well Square” brand, in addition to higher revenue in the purchase and resale business, profit declined due to a backlash to the posting of revenue in the development-oriented asset management business in the same period of the previous fiscal year.
For the fiscal year ending March 31, 2019, both revenue and profit are forecast to increase, given the expected strong performance continuing in real-estate sales agent and an anticipated increase in revenue in real-estate sales due to a rise in the delivery of whole residences for investment.
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