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Next, I would like to explain changes in operating revenue and operating income by segment.
As the bar graph at the top shows, revenue declined in the Residential and Wellness segments, but revenue increased in the Urban Development segment and the Business Innovation and Others segment. As a result, operating revenue increased ¥28.3 billion year on year.
With respect to the operating income at the bottom, although income increased in the Urban Development segment that enjoyed the contribution of new facilities, etc., in the Residential segment where the bulk sale of land was implemented, as well as in the Business Innovation and Others segment, operating income declined ¥0.2 billion year on year, as the amortization of goodwill associated with the change to the holding company was recorded as company-wide expenses.
I will explain the performance of each segment in more detail later on.
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