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Let me explain the outline of the results for the second quarter of the fiscal year ending March 31, 2019.
Operating revenue decreased ¥5.4 billion year on year, to ¥402.6 billion.
Operating profit decreased ¥2.8 billion year on year, to ¥32.2 billion.
Ordinary profit decreased ¥2.9 billion year on year, to ¥27.8 billion.
Profit attributable to owners of parent decreased ¥0.9 billion year on year, to ¥16.7 billion.
Every business remained steady against the backdrop of the steady market conditions, but overall revenue and profit decreased mainly due to a decline in gains on sales of properties, including buildings for investors, in the Urban Development segment and a fall in the number of units sold of condominiums in the Residential segment.
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