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I would now like to move on and describe the Facility Operations segment.
The name of the segment changed from Resorts to Facility Operations in FY2010.
We posted operating revenue of ¥27.4 billion, up ¥0.7 billion year on year, and an operating loss of ¥0.7 billion, an improvement of ¥0.1 billion from the previous year for the first six months of this fiscal year.
Revenue from Harvest Club, a membership resort hotel chain, the Oasis sports clubs, and senior housing all rose, reflecting the contributions of new facilities.
Operating income increased only ¥0.1 billion, attributable to increases in expenses for opening many new facilities, especially senior housing facilities.
As shown in the lower table, we forecast operating revenue of ¥62.3 billion, up ¥3.8 billion year on year, and operating income of ¥1.6 billion, rising ¥0.2 billion, for the fiscal year ending March 2011.
We expect continued contributions of new facilities to sales and sales of new senior housing facilities. Operating income will rise, reflecting sales of senior housing and improvements in existing facilities.
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