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![Outline of condominium plan [Parent company]](../images/14.jpg)
Next, I will outline our plan for condominiums for sale.
We plan to sell 2,662 units, up 295 units year on year, and record revenues of ¥138.4 billion for the fiscal year ending March 2014 (on a non-consolidated basis).
The plan includes sales from block-sale residential properties for the lease of 40 units for ¥2 billion.
The contract ratio to sales plan, except for block-sale properties, will stand at 38%, down 5 points year on year, mainly reflecting the limited number of large-scale condominiums delivered.
The inventory of completed units remained at a low level, being 252 units at the end of March 2013.
Meanwhile, we expect the gross margin for the fiscal year ending March 2014 to be approximately 18%.
We acquired land for 4,505 units for ¥54.9 billion in the fiscal year ended March 2013, almost in line with the budget. As a result, we have land for a total of 6,200 units (pipelines) to be delivered in or after the fiscal year ending March 2015.
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