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Now I will describe the Facility Operations segment.
In the first half of the fiscal year ending March 31, 2014, operating revenue in this segment increased by ¥2.0 billion year on year, to ¥29.2 billion, while operating income rose ¥0.7 billion year on year, to ¥0.8 billion.
In addition to the strong results for the membership resort hotel Harvest Club and sales of golf club memberships, we opened the Harvest Club Atami Izusan & VIALA in August and Grancreer Aobadai 2-chome, a senior housing property, in September. Increased revenue due to these new operations and other factors added to the improved performance of existing facilities, resulting in an increase in both revenue and income.
With regard to the forecast for the fiscal year ending March 31, 2014, we expect operating revenue to increase by ¥3.8 billion from the previous fiscal year, to ¥63.5 billion, while operating income will decline by ¥0.1 billion from the previous fiscal year, to ¥3.7 billion.
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