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I will explain the reorganization of business segments.
In accordance with our long-term management policy, we will manage our segments by classifying them into business areas with high affinity for social roles from the perspective of human capital and asset utilization. The old 7 segments have been consolidated and reorganized into 4 segments.
As an asset-utilizing business, the urban development segment mainly consists of businesses that perform development functions, while the strategic investment segment mainly consists of businesses that perform investment functions, such as infrastructure and industry, overseas businesses, and investment management businesses.
As for the human capital utilization type business, we will divide it into the property management & operation segment and the real estate agents segment based on the similarity of their business models.
Please see page 41 of the Appendix for specific changes.
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