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These are movements in business indicators for condominiums.
For the fiscal year ending March 31, 2023, the number of units sold of condominiums is expected to be 1,215 units, with operating revenue of 84.1 billion yen and gross margin of 21.0%.
As the sales situation for condominiums is continuing to trend steadily, guaranteed agreements as a percentage of sales for FY2022 was 79% as of June 30, 2022.
Completed inventory was 661 units at the beginning of FY2022 ending March 31, 2023. This figure decreased to 562 units as of June 30, 2022.
Our gross margin on condominiums in the first quarter came to 24.0% due to high-profit margin properties that began to be delivered in the previous fiscal year, including BRANZ Tower Toyosu, and newly-completed and delivered properties, including BRANZ Kagurazaka.
The acquisition value of condominium sites halted at the equivalent of 900 million yen in the cost of land, or 86 units in terms of residential units. However, for the full fiscal year, we are planning on acquiring condominium sites with a value equivalent to 25.0 billion yen in the cost of land.
Land banks scheduled to be posted in or after the fiscal year ending March 31, 2024 numbered about 8,800 units, approximately 66% of which were redevelopment properties.
As shown in the upper right-hand corner, we have a number of large properties, mainly redevelopment projects, in the pipeline as major projects going forward.
We will continue to strengthen our business with a particular focus on redevelopment of high value-added properties.
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