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I will move on to explain the Wellness segment.
In the fiscal year ended March 31, 2020, the segment recorded a decrease in both revenue and profit due to the absence of the delivery of co-ownership shares of Tokyu Harvest Club Karuizawa & VIALA in the previous fiscal year and the weak performance at each facilities due to the spread of the coronavirus in the fourth quarter.
For the fiscal year ending March 31, 2021, we forecast a rise in revenue and a fall in profit chiefly due to an increase in sales of assets and a decrease in revenue from the operation of facilities because of the closure of facilities and the scaling down of operations at facilities, which will be caused by the spread of the coronavirus.
The specific effects of the coronavirus on facilities include the closure or the scaling down of operations at certain facilities of Tokyu Stay, Tokyu Harvest Club, and Tokyu Sports Oasis.
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