Failure to meet the order intake and sales plan for the real estate construction business

「Although the Group received responses to these initiatives, it took a certain amount of time for them to contribute to operating results through actual orders and sales. As a result, orders and sales of custom-built and spec homes during the current interim consolidated accounting period fell significantly short of the initial expectations, with net sales of ¥98.659 million, down 8.1% year on year, and an operating loss of ¥27.379 million, compared with an operating loss of ¥29.373 million in the same period of the previous year.」