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Urban Development Business Segment.
In the third quarter, operating revenue were 206.9 billion yen and operating profit was 29.7 billion yen, an increase in both sales and profit compared to the same period last year.
The Urban Business segment reported an increase in profit mainly due to progress in asset sales against the backdrop of a strong trading market.
In the residential business, while asset sales increased, income decreased due to a decrease in the number of condominiums for sale.
The full-year forecast is for an increase in sales and a decrease in profit compared with the previous year, as shown in the lower part of the chart.
The Urban Business segment is expected to post lower profit due to a decrease in sales of assets, while the Residential Business segment is expected to post higher profit due to an increase in sales of assets, despite a decrease in the number of condominiums for sale.
Although earnings fluctuate depending on the increase or decrease in asset sales, both the leasing business and the residential condominium sales business are performing well.
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