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I will now provide you with an overview of each segment. First is the Urban Development segment.
Revenue in the fiscal year ended March 31, 2020 rose largely due to the start of the operation of new properties, including Shibuya Solasta and renewable energy power facilities, and an increase in sales of buildings to investors. Profit increased, reflecting the contribution of new properties.
We forecast that revenue and profit will fall in the fiscal year ending March 31, 2021, primarily due to a fall in sales of buildings to investors and a decrease in revenue from commercial facilities as a result of the spread of the coronavirus, despite the scheduled start of operation of new properties, including Tokyo PortCity Takeshiba.
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