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I would now like to move on to describe the Facility Operations segment.
Results in this segment in the fiscal year ended March 2013 were as follows: operating revenue increased ¥0.1 billion from the previous fiscal year, to ¥59.7 billion, while operating income increased ¥0.8 billion, to ¥3.8 billion.
Although there was a decrease in revenues in golf course due to progress in sales of facilities and the outsourcing of food and drink services, both revenues and income increased, mainly because of the improved operations of senior housing and Tokyu Sports Oasis fitness clubs.
For the fiscal year ending March 2014, we expect operating revenue to increase ¥3.2 billion year on year, to ¥62.9 billion, and operating income to decline ¥0.6 billion, to ¥3.2 billion, as shown in the lower table.
We expect revenues to increase, mainly reflecting the opening of new facilities of the Harvest Club and senior housing and an improvement in operations at Tokyu Sports Oasis, while we expect income to decrease, primarily due to a rise in expenses at the time of the opening of new facilities.
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