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Next is an analysis of changes in operating profit by segment.
Regarding operating profit for the first quarter and the same quarter in the previous fiscal year and the indications in red under the Urban Development business and Property Management & Operation business segments, values in cases where transfers were not made to loss on COVID-19 impact (extraordinary loss) posted in the first quarter of the previous fiscal year are indicated.
Overall, operating profit increased by 14.2 billion yen year on year, or by 15.7 billion prior to transfers to loss on COVID-19 impact year on year.
Details are explained on the page for each segment.
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