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We will now cover the Property Management & Operation business segment.
For the second quarter, operating revenue came to 179.0 billion yen and operating losses to 4.9 billion yen, representing increases in both revenues and profit over the same quarter last fiscal year.
In the Property Management business, a rebound from the scaling-down of business activities caused by the impact of COVID-19 in the same quarter last fiscal year and the accompanying drop in property management revenues resulting in an increase in profit.
Because of the large number of BtoC operations, the Wellness business and Tokyu Hands business continue to be considerably impacted by COVID-19 at present. However, as explained on page12, both businesses posted an increase in profit in terms of figures prior to transfer to loss on COVID-19.
For the full-year, Increases in revenues and profit are forecasted over the previous fiscal year, with operating revenue of 390.0 billion yen and operating profit of 0.0 billion yen.
The Property Management business is forecast to have an increase in profit due to a rebound from the scaling-down of business activities caused by COVID-19 and accompanying drop in property management revenues.
The forecast for the Wellness business and Tokyu Hands business takes the risk of a future resurgence of COVID-19 into consideration to a certain degree. However, those businesses are forecast to have an increase in profit over the previous fiscal year.
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