2-2:Results of Business Segments

In the Leasing Business, occupancy rates stayed low because of suspending new tenants recruitment vis-a-vis priority on investigations, thus sales and profits decreased YoY. In the Development Business, both sales and profits decreased YoY since orders decreased due to the negative environment surrounding the apartment construction industry and refrain from taking new orders because of the construction defects problem. In the Elderly Care Business, sales and profit increased YoY as a result of improvement of existing facilities’occupancy rates.In the Hotels, Resort & Other Businesses, sales and profit increased YoY because of all-year-round operation of Hotel Leopalace Sapporo.

Results of Business Segments
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