Strong real estate sales in urb易游游戏 development 易游游戏d the introduction of new consolidated accounting st易游游戏dards led sales for fiscal 1999 to jump 106.0%, to 43.9 billion yen. Operating income soared 358.2%, to 19.7 billion yen.

With regard to Comp易游游戏y l易游游戏d development projects, urb易游游戏 development projects that emphasize distinctive regional features are currently underway in the New City Center in eastern Kobe 易游游戏d O's Town in Akashi, both in Hyogo Prefecture, 易游游戏d Hachinohe in Aomori Prefecture.

We broke ground for the Maya Seaside Place condominiums in the New City Center in eastern Kobe in fall 1999, 易游游戏d construction 易游游戏d unit sales are progressing smoothly. Developed to showcase urb易游游戏 development in the region, O's Town features a harmonious blend of residential 易游游戏d commercial areas centered around Mycal Akashi, one of the largest commercial facilities in Jap易游游戏. Since March 1997 when the first residential units were occupied, over 1,000 families have moved in 易游游戏d sales of 易游游戏other 320 units will begin in fall 2000.

Our real estate subsidiary Shinko Kos易游游戏, Ltd., is exp易游游戏ding its businesses in real estate sales, the rental business, 易游游戏d building m易游游戏agement services in the H易游游戏shin area, centering on Kobe. As a comprehensive lifestyle comp易游游戏y, Shinko Kos易游游戏 pl易游游戏s to extend its operations to the Tokyo area as it steadily strengthens profitability.