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I will now explain the changes in operating revenue and operating income by segment.
As the bar graph at the top shows, revenue is expected to rise ¥14.5 billion year on year, despite a decline in revenue in the Residential segment attributed to a decrease in lump-sum sales of land, which will be offset by a rise in revenue in all the other segments.
With regard to the operating income at the bottom, income in the Urban Development segment is expected to decline due to a decrease in gain on sale of buildings for investors, etc. However, this will be offset by an increase in income in the Innovation Business segment, the Residential segment, the Wellness business segment, and others. As a result, overall operating income is expected to increase ¥4.2 billion from the year-ago level.
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