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Next, I will explain the Property Management segment.
In the fiscal year ended March 31, 2020, both revenue and profit increased mainly due to a rise in completed buildings and the commencement of management of large properties, particularly redevelopment properties in Shibuya.
The detached house renovation business, which has been transferred from the Innovation Business segment, is included in Condominium Construction.
In the fiscal year ending March 31, 2021, revenue from the management of large properties that opened in the previous fiscal year will be added, but orders for new construction work and revenue from property management are expected to fall due to the scaling down of business because of the spread of the coronavirus. We forecast an increase in revenue and a fall in profit.
The contracting business, which was included in the Innovation Business segment, is in the Property Management segment from the fiscal year ending March 31, 2021. The contracting business is included in Condominium Construction.
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