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To begin with, here are the highlights.
For the second quarter, we reported operating profit of 58.0 billion yen and profit attributable to owners of the parent of 38.3 billion yen, increases in both revenues and profit compared to the same quarter last year.
The main reasons for the increase were strong performance in asset sales and brokerage sales, and recovery in the hotel business due to domestic and inbound demand.
For the full year ending March 31, 2024, we have revised upward our forecasts to operating profit of 115.0 billion yen and profit attributable to owners of the parent of 64.0 billion yen.
Compared to the initial forecast announced in May, we expect growth in the hotel business and strong performance in the brokerage business due to the brisk real estate transaction market.
Next, we would like to discuss the progress of the medium-term management plan 2025.
As we are on track to achieve the target indicators for the fiscal year ending March 31, 2026 set forth in Midterm Corporate Strategy 2025, we will begin formulating the next medium-term management plan for the fiscal year ending March 31, 2026, one year earlier than the original plan.
Finally, we would like to talk about the Environmental Management Report 2023 and the DX Report 2023. On November 7, 2023, we released reports on Environmental Management and Digital Transformation(DX), which are positioned as Group-wide policies in our long-term management policy "GROUP VISION 2030".
We are undertaking each initiative with the aim of becoming a corporate group that resolves social issues through our business activities and create value for the future.
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