IR

Thank you for your continued support.

First, I would like to inform you that we completed the 76th fiscal year successfully.
In this year economic activities were also greatly impacted by the new coronavirus infection and results of business structure restructuring implemented last year was being expected. To answer the expectation, we have been conducting activities since the fiscal year beginning. As a result, although net sales did not reach the plan at 6,894-million-yen, operating income and ordinary income exceeded the plan. We would like to thank our shareholders, employees, and other stakeholders for their cooperation.

In the real estate business, we proceeded with the disposal of nine value added properties and were able to record net sales of 5,009 million yen and operating income of 567 million yen. In future, we plan to sell existing properties and purchase new profitable properties. In addition, NC MAX WORLD Co., Ltd., which was newly acquired in October, is a company that has strengths in real estate value creation and is expected to become a central pillar of the real estate business. In the real estate consulting business, the method of holding seminars and interviewing customers was changed from face-to-face to online due to infection prevention needs. On the other hand, we were able to capture the so-called nesting demand, and achieved the planned figures.

As an issue, it will take some time for inbound and travel demand to recover, so we made a major change in our policy regarding accommodation facilities. The simple accommodation facilities held is expected to be sold in the next fiscal year by converting it to residential properties according to actual needs. Regarding the facilities in Akihabara, we are aiming to increase the profits by capturing domestic needs and coordinating with the local communities. The whole Group will continue to work zealously with all our employees to meet the expectations of our shareholders, and we look forward to your continuous support.