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This is a breakdown of each segment.
For our financial results for the second quarter, we posted increases in revenues and profit over the same quarter last year in three segments, the exception being the Urban Development business segment, which experienced a decline in the sale of assets.
Note that the Property Management & Operation business segment experienced operating losses due to the Wellness business and the Tokyu Hands businesses being impacted by COVID-19.
For our full-year forecast, we are scheduling increases in revenues and profit over the prior fiscal year in all segments.
A detailed explanation will be provided later.
Revenues from the sale of assets are steadily progressing despite a year-on-year decrease in both revenues and profit in the second quarter.
With the real estate transaction market showing briskness, for our full-year forecast, we are scheduling increase in revenues and profit even in our initial forecast due largely to an upswing in prices.
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