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Next, I would like to provide an explanation of the Real-Estate Agents segment.
The segment achieved operating revenue of ¥82.1 billion (up ¥1.7 billion year on year) and operating profit of ¥11.3 billion (up ¥1.1 billion) in the fiscal year ended March 31, 2017.
In the real-estate sales agent business, the retail division helped achieve consistent growth in the number of real estate transactions made and in the prices of new contracts concluded during the year, reflecting an aggressive approach with regard to new store openings and delivering services such as the Livable Intermediary Guarantee Service.
The wholesale division saw an increase in both revenue and profit despite a reactionary plunge in contract prices and the number of transactions due to contracts for large property units in the preceding year, which was more than offset by incidental revenues.
For the fiscal year ending March 31, 2018, the Company expects growth in both revenue and profit, with ¥88.2 billion in operating revenue (up ¥6.1 billion year on year) and ¥11.8 billion in operating profit (up ¥0.5 billion) on the strength of the real-estate sales agent business.
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