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Let me now provide you with the results of the Residential segment for the first six months of the fiscal year ending March 2015, as well as the forecast for the fiscal year ending March 2015.
In the first six months of the fiscal year ending March 2015, operating revenue declined ¥3.5 billion year on year, to ¥40.6 billion, and operating income increased ¥1.4 billion year on year, to ¥2.7 billion.
With regards to condominiums, revenue declined year on year mainly due to a fall in the number of condominium units sold and a decline in the average price per unit as the number of condominiums delivered in the central Tokyo area declined, but income increased due to a rise in the bulk sale of land.
With respect to the forecast for the fiscal year ending March 2015 at the bottom of the slide, we expect an operating revenue of ¥107.0 billion, down ¥34.8 billion from the previous fiscal year, and an operating income of ¥7.0 billion, declining ¥4.6 billion year on year.
We anticipate lower revenue and income, given a decline in the number of condominium units sold and a fall in the average price per unit due to a decline in the number of condominiums in the central Tokyo area
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