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Continuing on, we will now review the business indicators in sales agency operations.
For the fiscal year ended March 31, 2015, the number of transactions increased slightly amid a weak retail market after the consumption tax hike. However, the average handling price soared. The amount of transactions rose 5.5% from the preceding year.
The Safe Agent Guarantee and other services remained strong. A new consulting service on vacant houses was kicked off. While continuing to enhance its services, the segment launched 11 new stores, and will be launching another 10 or so for the fiscal year 2015.
Wholesale operations saw the average handling price go up considerably from the level in the preceding fiscal year after growth in contracts on large properties, rising from ¥292 million to ¥360 million, despite a slight decrease in the number of transactions. The amount of transactions climbed 22% from the previous fiscal year.
For Tokyu Livable, Inc., the total amount of transactions in both retail and wholesale operations exceeded the ¥1 trillion mark for the first time. Its business size is steadily expanding.
The lower right part of the slide shows the forecast for the fiscal year ending March 31, 2016. It indicates that the number of transactions and the average handling price will climb in both retail and wholesale operations, and that the amount of transactions is forecasted to rise approximately 12% from the previous fiscal year.
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