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Face Network --- Selling A-REIT ETF in Shibuya, Tokyo.
Face Network <3489> announced on the 10th the sale of a property for sale located in Shibuya, Tokyo. The property overview indicates it is situated in Shibuya, Tokyo, with a land area of 192.16 square meters. The contract date is scheduled for December 13, 2024. The buyer is a domestic corporation. The sale price is expected to exceed 30% of the Net income attributable to the parent company's Shareholder for the fiscal year ending in March 2024. Additionally, there are no capital relations or personal relations that should be disclosed between the company and the buyer, and there are no issues regarding attributes.
Real Estate Worth $165 Billion Puts Japan Companies in Spotlight
FaithNetwork Reports Strong Sales Despite Loss
FaithNetwork: Main questions and answers at the financial results briefing for the 2nd quarter of the fiscal year ending March 31, 2025 (summary)
FaithNetwork: Presentation of financial results for the 2nd quarter of the fiscal year ending March 31, 2025
Face NW --- Significant increase in revenue in Q2, both real estate investment support business and a-reit etf management business are progressing smoothly.
Fais Network <3489> announced its consolidated financial results for the second quarter of the fiscal year ending March 2025 on the 14th. Revenue increased by 157.1% year-on-year to 8.095 billion yen, operating profit was 0.216 billion yen (compared to a loss of 0.546 billion yen in the same period last year), ordinary profit was 0.028 billion yen (compared to a loss of 0.661 billion yen in the same period last year), and interim net loss attributable to shareholders of the parent company was 0.031 billion yen (compared to a loss of 0.47 billion yen in the same period last year). The company group focuses on the Jonan 3 districts, constructing new RC apartment buildings.
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