FY2020-Q2First statedAnnual report
「As a result, revenue in the trading division was ¥5,240.9 million, up 1.3% year on year, and operating profit was ¥449 million, down 37.8%. Revenue in the hotel division was ¥2,319 million, up 12.5%, and operating profit was ¥439 million, up 4.7%. In the real estate division, revenue was ¥106 million, down 63.6%, and operating profit was ¥100 million, down 60.5%, because the rental-equivalent amount previously recognized through August 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 higher revenue and higher profit, and the real estate division reported substantial declines in both revenue and profit because rental-equivalent income ceased following termination of the lease for its principal property.