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We will now cover our Property Management & Operation segment.
In FY2022, which ended March 31, 2023, operating revenue came to 337.1 billion yen and operating profit to 12.3 billion yen, representing a decrease in revenues and an increase in profit year on year.
In Property Management, profit increased, thanks partly to recoveries in construction work and the rental conference rooms business.
Wellness has returned to profitability thanks to a recovery in demand, particularly in Hotels.
Note that the factor behind the decrease in revenues is the exclusion of Hands business from consolidation.
For the fiscal year ending March 31, 2024, we forecast operating revenue of 371.0 billion yen and operating profit of 17.2 billion yen, representing increases in revenues and profit year on year.
The Property Management business is expected to see an increase in profit due to contributions by 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 inbound demand in our hotel and other businesses.
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