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The following are operating indicators for condominiums for sale.
For the fiscal year ending March 31, 2024, we plan to post 1,271 condominiums for sale, with sales of 90.2 billion yen and a gross profit margin of 24%.
Sales of condominiums continue to be strong, with the ratio of contracts secured to sales for the fiscal year ending March 31, 2024 at 102% as of the end of December.
The completed inventory, which was 200 units at the beginning of the fiscal year ending March 31, 2024, stood at 130 units as of the end of December due to progress in sales.
The gross profit margin for condominiums for sale in the third quarter was 25.0% due to the recording of high-profit margin properties such as Brands Tower Shibaura.
Regarding the acquisition of land for condominiums, we secured 6.7 billion yen for land and 901 units in terms of number of condominium units through the acquisition of large-scale redevelopment projects, and are making steady progress toward the full-year plan of 20.0 billion yen.
The land bank to be recorded after the fiscal year ending March 31, 2025 is approximately 10,500 lots, of which redevelopment properties account for approximately 62%.
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