Q3 2020 Mitsui Fudosan Co Ltd Earnings Net Conference Transcript
Good afternoon, everyone. I am Uchida, Executive Manager of the Investor Relations Department. I will present Mitsui Fudosan's Third Quarter Fiscal 2019 Results. I will discuss the results in more detail later, but at a high level, we reported year-on-year increases in both operating revenues and profits in third quarter in the core profit-generating Leasing segment. This was the result of significant contributions from the large-scale office properties and retail facilities, which came online in the previous fiscal year.
The Management segment also reported year-on-year gains in both revenues and profits on growth in businesses such as car park leasing, retail brokerage and asset management.
For the Property Sales segment, 9-month revenues and profits for the domestic residential subsegment rose year-on-year, reflecting sales of large-scale central urban condominiums. Optically, 9-month revenues and profits for the property sales to investors and overseas individuals subsegment are down year-on-year. However,
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