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Next, I will explain the Property Management segment.
During the first six months for building management, despite the contribution of sales of large-scale properties whose management started in the previous and current fiscal years, we saw a decrease in the reaction to the posting of large-scale buildings in the previous fiscal year and the rush in demand before the hike in consumption tax and a decrease in orders for construction associated with self-restraint in sales activities due to the COVID-19 impact. As a result, revenue and profit fell.
In our full-year forecast, despite the contribution of large-scale properties in buildings management, revenue and profit are expected to decline, reflecting a decrease in orders for construction resulting from self-restraint in sales activities due to the COVID-19 impact.
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