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Lastly, I will explain the Innovation Business segment, which consists mainly of the contract business such as renovations and custom-built houses, and overseas operations.
In the second quarter of the fiscal year ending March 31, 2019, the segment recorded a decrease in revenue and an increase in profit.
Although revenue declined due to the effect of transferring some of the renovation business in October 2017, as I explained in the Property Management segment a while ago, profit increased thanks to a rise in sales of properties in overseas operations.
For the fiscal year ending March 31, 2019, the segment projects an increase in both revenue and profit, given a rise in revenue in overseas operations due to the commencement of the delivery of condominiums in Indonesia.
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