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Let me now provide you with a briefing on the Real Estate Sales segment. In the first six months of the fiscal year ending March 2013, operating revenue increased ¥36.2 billion year on year, to ¥69.0 billion, and operating income climbed ¥3.0 billion, to ¥2.5 billion. Both revenues and income increased, primarily thanks to the sale of office buildings and commercial facilities owned as inventory to a REIT, an increase in the sale of condominiums, an improvement in the profit margin, and a fall in the loss on valuation of inventory.
The gross margin on condominiums recovered to 18%. For the fiscal year ending March 2013, we forecast operating revenue of ¥146.3 billion, up ¥30.0 billion year on year, and operating income of ¥9.6 billion, up ¥2.9 billion, as shown in the lower table. We expect higher revenues and income for the full year, reflecting similar trends to those in the first six months. |
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