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Next, I will explain the Residential segment.
In the fiscal year ended March 31, 2019, the segment recorded a decline in both revenue and profit. This was mainly due to a fall in the number of condominium units sold despite an increase in the sale of rental housing for investors, which is included in “Others” in operating revenue.
For the fiscal year ending March 31, 2020, we forecast a decrease in revenue largely due to a decline in the sale of rental housing for investors, but an increase in profit thanks primarily to growth in the number of condominium units sold.
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