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Let me provide an overview of the results for the third quarter (first nine months) of the fiscal year ending March 2021.
Operating revenue was ¥592.6 billion, operating profit was ¥30.1 billion, ordinary profit was ¥23.0 billion and profit attributable to owners of parent was ¥10.7 billion. Both revenue and profit decreased compared with the previous fiscal year.
The factors behind the decline in revenues and profit included the impact of the COVID-19 pandemic, particularly in the Wellness and Tokyu Hands businesses, despite increases in revenues and profit in the Urban Development business due to an increase in sales of properties including buildings for investors.
In addition, extraordinary income included gains on sales of investment securities, and extraordinary losses included losses due to COVID-19 and loss on liquidation of subsidiaries and associates.
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