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.In the detached housing business, profit margins improved as inventory was optimized in both quantity and quality, high-quality properties were acquired, and the impact of discounts associated with inventory replacement in the previous fiscal year disappeared. Factors contributing to the decline in revenue included the decrease in detached homes supplied for sale in the first half because land sales preceded them, the absence in the real estate distribution business of the one-off factor of selling high-priced, high-margin properties in the previous year, and the exclusion of Kose Construction from the scope of consolidation in the contracting business.