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I will give you an update on the Innovation Business segment which consists of mainly the contract business such as renovations and custom-built houses, and the overseas business.
In the second quarter of the fiscal year ending March 31, 2018, the segment recorded a decreases in revenues and profit mainly due to a decline in completions of constructions in the renovation and custom-built house businesses.
As I touched on in the explanation of the Property Management segment, we transferred the renovation business in the Innovation Business segment conducted by Tokyu Homes Corporation, to Tokyu Reć»design Corporation, a subsidiary of Tokyu Community Corporation in October.
For forecast for the fiscal year ending March 31, 2018, we project a decrease in revenues and increase in profit, factoring in the impacts of the transfer.
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