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I will now explain the changes in operating revenue and operating profit by segment.
As shown in the bar chart in the upper part, operating revenue increased in the Wellness segment due to the delivery of Tokyu Harvest Club Karuizawa & VIALA, which opened in July, but overall operating revenue declined ¥5.4 billion year on year due to decreases in revenue in the Urban Development and Residential segments.
Operating profit in the lower part also decreased ¥2.8 billion year on year due to a fall in profit in the Urban Development and Residential segments, although profit increased in the Wellness segment, as in operating revenue, and the Innovation Business segment that recorded sales of properties in overseas operations.
Specific details by segment will be explained later.
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