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Moving on to business highlights.
Our results for the first six months were operating revenue of 383.9 billion yen, operating profit of 17.0 billion yen, and profit attributable to owners of parent of 0.6 billion yen.
Both revenue and profit decreased due to the impact of the spread of COVID-19, mainly in the Wellness segment and Tokyu Hands segment, and a reactionary drop because of the simultaneous recording of large-scale condominium properties in the same period of the previous fiscal year, despite an increase in revenues and profit because of an increase in revenues from sales of properties including buildings for investors in the Urban Development segment.
With regard to the earnings forecasts for the fiscal year ending March 31, 2021, operating revenue, operating profit, and profit attributable to owners of parent were revised to operating revenue of 895.0 billion yen, operating profit of 44.0 billion yen, and profit attributable to owners of parent of 17.0 billion yen.
One factor behind the revisions is that we were affected more than initially anticipated, such as operation and attracting fewer customers mainly at facilities under management of the Wellness segment and stores of the Tokyu Hands segment and the situation is expected to continue in the second half as well, due to the prolonged COVID-19 impact. The Company will not amend the forecast of annual dividends, which is expected to be 16.0 yen per share as initially expected from the standpoint of maintaining stable dividends and attaching importance to shareholder return.
There are three main topics for the second quarter of the fiscal year ending March 31, 2021.
Tokyo PortCity Takeshiba, the Company’s largest office building, was completed and opened. We will implement a variety of initiatives and put them into operation in the cutting-edge smart building.
Investments in the renewable energy business the Group focuses on have steadily progressed and the balance of investment at term-end came to 167.0 billion yen.
In addition, we announced the execution of hybrid finance with the aim of improvements in financial soundness and capital efficiency, and sustainable investment for growth.
I will explain it later, but hybrid bonds, part of this finance, will be issued in a form of a sustainability bond, which will be the first such bond in Japan.
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