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We will now cover our Property Management & Operation segment.
For the third quarter, operating revenue came to 240.4 billion yen and operating profit to 6.1 billion yen, representing a decrease in revenues and an increase in profit over the same quarter last year.
In the Property Management, profit increased, thanks partly to recoveries in construction work and the rental conference rooms business.
The Wellness business began making a profit from the second quarter onward, thanks to a certain level of recovery from the impact of COVID-19 in the Hotel business, etc., and has also made steady progress toward the full-year forecast.
For our full-year forecast, we forecast operating revenue of 339.0 billion yen and operating profit of 11.4 billion yen, representing a decrease in revenues and an increase in profit over the previous fiscal year.
The Property Management business is expected to see an increase in profit due to recoveries in construction work and the rental conference rooms businesses. We also expect the Wellness business to have an increase in profit due to further recovery in our hotel and healthcare businesses.
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