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We would like to provide an outline of the results for the third quarter of the fiscal year ending March 31, 2020.
Revenue increased but profit decreased year on year, with operating revenue of ¥601.2 billion, operating profit of ¥44.3 billion, ordinary profit of ¥36.2 billion and profit attributable to owners of parent of ¥20.8 billion.
The main factors for the increased revenue included, as in the second quarter, a rise in the number of condominium units in the Residential segment and the strong performance of the Property Management segment. The decrease in profit was mainly due to a reactionary decline in the absence of the posting of co-ownership shares of members-only resort hotels in the Wellness segment and a fall in sales of overseas properties in the Innovation business.
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