|
|
 |
Lastly, I will explain the Innovation Business segment, which consists mainly of overseas operations.
In the fiscal year ended March 31, 2020, the segment recorded a decrease in both revenue and profit primarily as a result of the transfer of the detached house renovation business to the Property Management segment and a fall in overseas property sales, despite an increase in condominiums posted in Indonesia.
For the fiscal year ending March 31, 2021, we project a decrease both in revenue and profit chiefly due to the closure of condominium showrooms in Indonesia as a result of the spread of the coronavirus, the transfer of the contracting business to the Property Management segment, and the discontinuation of the custom-built houses business.
|
|
|
