|
|
 |
I will now present the results of the Residential segment.
In the fiscal year ended March 2016, operating revenue increased ¥12.9 billion year on year, to ¥117.7 billion, and operating income grew ¥1.4 billion year on year, to ¥7.0 billion.
While revenue was reduced by a decline in the number of condominium units sold, an increase in the bulk sale of land included in "Other" in the breakdown of sales contributed to growth in revenue and income.
In the fiscal year ending March 31, 2017, operating revenue is expected to decrease ¥1.0 billion year on year, to ¥116.7 billion, and operating income is predicted to grow ¥1.9 billion year on year, to ¥8.9 billion.
While we will see a fall in revenue due primarily to the reduced bulk sale of land, growth in revenue is expected for condominium units from a higher average selling price and gross margin as a result of increased sales of high-end property units despite a reduced number of units sold.
|
|
|
