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Starting with this page, I will provide an overview of each segment. Let me first explain the Urban Development segment.
In the second quarter of the fiscal year ending March 31, 2020, both revenue and profit declined mainly due to a fall in revenue on sales of properties, including buildings for investors, although there were proceeds from new properties such as Shibuya Solasta.
In terms of forecasts for the fiscal year ending March 31, 2020, we project an increase in both revenue and profit by offsetting the fall in revenue on sales of buildings for investors with proceeds from new properties and other properties.
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