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This shows trends in the performance indicators for condominium sales.
We expect that the segment will sell 1,700 units in the fiscal year ending March 31, 2021, the same level as in the previous year. Sales are expected to be 104.6 billion yen.
Despite the closure of condominium showrooms and other severe restrictions on sales activities following the declaration of a state of emergency, the contract ratio to the sales forecast for condominiums stood at 57% at the end of June, improving from 50% at the beginning of the fiscal year.
The inventory of completed units has decreased from 453 at the end of March 2020 to 420 at the end of June, and we will continue to steadily sell completed units.
As shown in the lower left graph, the gross margin ratio of condominiums for the fiscal year ending March 31, 2021 is expected to be 20%.
The gross margin ratio for the first quarter was 21%.
Although condominium sales cannot be said to have returned to pre-COVID levels, we believe that they are gradually returning to normal.
We plan to continue purchasing plots based on our policy of investing in carefully selected plots.
Units for land banking that will be posted from the fiscal year ending March 31, 2022 amount to approximately 8,800, and the ratio of land bank redevelopment stood at approximately 40%.
We will continue to focus on high value-added redevelopment properties.
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