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I will now move on to the financial highlights.
The results for the fiscal year ended March 2019 include operating revenue of 901.9 billion yen and operating profit of 80.2 billion yen.
Both revenue and profit increased, primarily due to the delivery of the co-ownership shares prior to the opening of a membership resort hotel in the Wellness segment and the strong result of the Real Estate Agent segment.
The budget for the fiscal year ending March 2020 includes operating revenue of 920 billion yen and operating profit of 82 billion yen.
We expect that sales and profit will increase further based on the ongoing strong market, and we plan to raise the dividend for the seventh consecutive year through steady growth in profit attributable to owners of parent.
We have four key topics for the fiscal year ended March 2019.
We acquired capital of approximately 66.8 billion yen through the public stock offering made in October 2018 and worked to expand our financial base.
Having recognized our ability to create cash flow and the stabilization of our financial base, JCR raised our long-term issuer rating from A- to A.
During the fiscal year ended 2019, significant progress was made in the redevelopment of the Greater Shibuya Area, in which we are investing heavily.
Shibuya Solasta, a redevelopment project that includes our former head office, was completed in March 2019, and the demolition of the Shibuya Sakuragaoka Block Redevelopment Plan began in January 2019.
In addition, a number of facilities such as Tokyu Harvest Club and Tokyu Stay in the development projects of the Wellness segment began operating during the fiscal year.
We have two key topics for the fiscal year ending March 2020.
As I mentioned earlier, we have revised our Medium-Term Management Plan, particularly in consideration of the current strong market and the capital increase through public offering made.
Shibuya Fukuras, the redevelopment of an area that includes the former site of Tokyu Plaza in front of Shibuya Station, is scheduled for completion in October 2019.
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