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I will now move on to the explanation of the Innovation Business segment.
We recorded higher profit but suffered a decline in operating revenue in the fiscal year ended March 31, 2017.
While revenue decreased, due in part to the absence of sales of properties in overseas operations recorded in the previous fiscal year, profit increased mainly due to an increase in construction completions and a decrease in costs in the renovation and custom-built houses business.
For the fiscal year ending March 31, 2018, we expect that operating revenue will be more or less in line with the previous year’s level, at ¥49.6 billion, with an operating loss of ¥1.5 billion.
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