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Next, I would like to present the results and forecasts for the Real-estate Agent segment.
In the first six months of the fiscal year ending March 2016, both operating revenue and operating income increased.
In the real-estate agent business, the number of transactions and contracted prices increased in both the retail and wholesale divisions as a result of the strong performance of the real estate distribution market.
In the forecast for the fiscal year ending March 2016, we expect both an increase in operating revenue and a decrease in operating income.
While we anticipate higher revenues based on the strong real-estate agent business, reduced sales contracts due to the integration of manufacturing and delivery, and increased expenses for strategic investments, etc. are expected to cause lower operating income.
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