|
|
 |
Let me now present the results of the Residential segment.
In the first six months of the fiscal year ending March 2016, both operating revenue and operating income increased.
With regard to condominiums, revenue grew year on year, mainly due to an increase in the average price per unit, etc. due to an increased number of condominiums in central Tokyo despite a decline in the number of condominium units sold, but income fell due to a decrease in highly profitable properties from a year earlier.
In the forecast for the fiscal year ending March 2016, we expect an increase in operating revenue and a decrease in operating income.
We anticipate higher revenue as a result of the increased lump-sum sale of land and lower income due to a reduced gross margin on condominium units.
|
|
|
