No category-specific facts could be extracted from this document.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Operating profit was weighed down by the reversal of the ¥750 million gain on the sale of real estate recorded in the previous fiscal year, a ¥550 million year-on-year increase in shareholder benefit expenses, and upfront investments including recruitment and training, preparations for the new lease accounting standard, IT-related investments, and higher depreciation expenses resulting from the proactive replacement of rental assets. Meanwhile, the effects of various initiatives contributed ¥410 million to profit growth.