This is a summary of 3Q results for FY2019. The external environment continues to be challenging, with the U.S.-China trade friction, a slowdown in the Chinese economy, continued appreciation of the yen due to continued uncertainty in the European economy, curtailment of investment by customers, and prolonged negotiation cycles. However, companywide revenue remained at the same level as the previous year in real terms excluding foreign exchange for the 9-month period and the 3-month period from Oct. to Dec. On a real basis, excluding forex impact and 1-time factors such as revenues and expenses related to CRE Strategy, the extent of the decline in operating profit has been improving on a quarterly basis.
The external environment continues to be challenging, with the U.S.-China trade friction, a slowdown in the Chinese economy, continued appreciation of the yen due to continued uncertainty in the European economy, curtailment of investment by customers, and prolonged negotiation cycles. However, companywide revenue remained at the same level as the previous year in real terms excluding foreign exchange for the 9-month period and the 3-month period from Oct. to Dec.
On a real basis, excluding forex impact and 1-time factors such as revenues and expenses related to CRE Strategy, the extent of the decline in operating profit has been improving on a quarterly basis.