Also the insiders are buying 15% of thestock for themselves, at higher prices
Responding to a slowdown in real estate industry starting last year, the company made a strategic decision to integrate online and offline real estate sales and this turned out to be a very correct decision. Correctly, we’ve pretty much completed the integration of online advertising and offline sales. And as a result, the whole company is on the path to achieve better profitability starting from this quarter as you can see our operating income is quite healthy. We believe that, we’re very confident about continued profitability in the next year.
Going into more detail of operating segments for information and consulting segment due to our continued softness in land transactions and project starts, the growth in our real estate information and consulting business and information consulting business, particularly the consulting business has been lackluster. However, we did take the opportunity to develop new database products including what we just pushed out, an appraisal tool for our secondary real estate transactions, and we also are in a process of finalizing our commercial and construction – commercial real estate database, and construction material of database, which will be launched early next year. We believe that those new products will contribute to the growth of our information consulting segment next year.