FY2020First statedAnnual report
「As a result, revenue in the trading division was ¥105,423 million, up 1.4% year on year, and operating profit was ¥1,080 million, down 27.6%. Revenue in the hotel division was ¥4,226 million, down 0.9%, and operating profit was ¥578 million, down 25.9%. In the real estate division, revenue was ¥213 million, down 46.4%, and operating profit was ¥198 million, down 42.5%, because the rental-equivalent amount previously recognized through August 2018 for the building in front of JR Funabashi Station was no longer recorded following termination of the lease agreement.」
The trading division reported higher revenue but lower profit, the hotel division reported lower revenue and lower profit, and the real estate division reported substantial declines in both revenue and profit following termination of the lease for its principal property.