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Next, I would like to explain the results and forecasts for the Wellness segment.
In the first six months of the fiscal year ending March 2017, both operating revenue and operating income increased.
Both revenue and income increased, due in part to higher revenue at Tokyu Stay urban style hotels, where there was a contribution from a new facility in Ginza that opened in March and a rise in the average daily rate at existing facilities, and revenue from sales of vacation home areas and an increase in membership registration revenue, which is attributed to the commencement of sales of memberships of Tokyu Harvest Club Karuizawa & VIALA, in the sales of vacation homes and memberships of facilities.
In the forecast for the fiscal year ending March 2017, we also expect an increase in both operating revenue and operating income, due in part to the improved operation of ski resorts and other existing facilities in addition to the operation of new Tokyu Stay hotels.
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