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![Outline of plan [Parent company]](../images/17.jpg)
Next, I will outline our plan for condominiums for sale.
We plan to sell 2,417 units and record revenue of ¥90.4 billion for the fiscal year ending March 2012 (on a non-consolidated basis).
The plan includes sales from block-sales properties for lease of 483 units for ¥12.9 billion. It does not include the impact from the Great East Japan Earthquake, which caused a delay in the recording of sales, due to a delay in the construction of condominiums.
The contract ratio, except for block-sale properties for lease, will fall 11% from the previous fiscal year, to 33%, given that sales of large-scale condominiums are limited.
We plan to deliver projects, including Branz Minami Yukigaya and Branz Aobadai 2-chome, which were acquired in the fiscal year ended March 2010 after the collapse of Lehman Brothers, in the fiscal year ending March 2012, but there are some projects that will not contribute significantly to earnings. Overall, we expect the gross margin for the condominiums to exceed 15%.
We have acquired land for approximately 4,200 units (pipelines) to be delivered in or after the fiscal year ending March 2013. |
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