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I will touch on the Innovation business segment chiefly consisting of overseas operations.
During the first six months, revenue and profit fell mainly due to declining condominiums sales in Indonesia.
Indonesia is greatly affected by the coronavirus, especially among ASEAN countries.
As in Japan, business activities were impacted, including a temporary suspension of operation of condominium showrooms.
In our full-year forecast, revenue and profit are expected to decrease, reflecting a decrease in the number of condominium units posted in Indonesia associated with the coronavirus impact, effect of the transfer of contracting business to the Property Management segment, and discontinuance of the custom-built houses business.
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