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I will explain the Property Management segment.
In property management, despite the contribution of revenue from large properties, for which property management started from the previous fiscal year to the current fiscal year, both revenue and profit declined as a result of a decrease in construction orders due to voluntary restraints on business activities due to the COVID-19 pandemic, and a decline in construction work mainly due to the absence of large building constructions that we had in the previous year.
As for the full-year forecast, revenues and profit are expected to decrease, reflecting a fall in construction orders due to voluntary restraints on sales activities due to the COVID-19 pandemic, while large properties in the building management will contribute to sales.
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