|
|
 |
|
 |
|
 |
|
Let’s take a look at the Urban Development business segment.
For the third quarter, operating revenue came to 179.2 billion yen and operating profit to 25.2 billion yen, representing decreases in both revenues and profit over the same quarter last year.
In the Urban Development business, profits decreased owing to factors such as a decline in the sale of assets and the loss of profit from properties sold in the previous fiscal year.
The Residential business experienced an increase in profit owing to factors such as an increase in the total number of condominiums sold and an increase in the sale of assets.
For our full-year forecast, we forecast operating revenue of 348.0 billion yen and operating profit of 51.3 billion yen, representing an increase in revenues and a decrease in profit over the previous fiscal year.
For the Urban Development business, we are forecasting an increase in profit largely due to an increase in the sale of assets, while the Residential business is likely to experience a decline in profit due to a decrease in the number of units sold of condominiums accompanying a decrease in the number of condominiums completed.
|
|
|
