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I will move on to provide an explanation of the Wellness segment.
In the fiscal year ended March 31, 2019, the segment recorded an increase in both revenue and profit due to the delivery of co-ownership shares associated with the opening of Tokyu Harvest Club Karuizawa & VIALA, property sales, the new operation and full-year contribution of the Tokyu Stay hotels.
For the fiscal year ending March 31, 2020, we forecast a fall in revenue and profit due to the absence of the delivery of co-ownership shares of Tokyu Harvest Club recognized in the previous fiscal year despite the contribution of the new operation and full-year contribution of property such as Tokyu Stay.
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