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These are movements in business indicators for condominiums.
For the fiscal year ending March 31, 2023, we are targeting 1,296 units of condominiums sold, operating revenue of 90.4 billion yen and a gross margin of 23.0%.
Sales of condominiums continue to trend favorably. As of the end of September, the ratio of contracts secured to operating revenue in the fiscal year ending March 31, 2023 was 90%, a high level even when compared to past fiscal years.
Completed inventory was 661 units at the beginning of the fiscal year ending March 31, 2023. This figure decreased to 367 units as of September 30.
Regarding the acquisition of condominium sites, 17.7 billion yen in the cost of land, equivalent to 1,249 residential units, was added as of the Second Quarter. Land banks scheduled to be booked from the next fiscal year and thereafter came to approx. 9,800 units.
Redevelopment projects account for roughly 59% of those units.
As shown in the upper right-hand corner, we also have a number of large properties, mainly redevelopment projects, in the pipeline for future major projects.
Going forward, we will continue working towards strengthening our business with a particular focus on redevelopment projects with high value-added.
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