Kobe Electric Railway (9046) · FactFirst stated

FY2020-Q2 Real Estate Industry: Decline in Revenue and Operating Profit

First written in FY2020-Q2. . Latest entry: FY2020-Q2.

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Same theme, other companies

Decline in revenue and profit in the real estate brokerage business due to the reversal of gains from sales of land held for saleA theme 2 companies write about · 2 as a headwind · 0 as a tailwind

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FY2020-Q2First statedAnnual report
「However, due in part to the impact of the sale of land as undeveloped land in the same period of the previous year, operating revenue in the real estate business for the first 6 months of the current consolidated fiscal year was ¥1,038 million, down ¥242 million (18.9%) from the same period of the previous year, while operating income was ¥489 million, down ¥36 million (6.9%).」
The real estate business fell below the same period of the previous year in both operating revenue and operating income, partly due to the absence of the sale of land as undeveloped land in the same period of the previous year.

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