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    7148   JP3166990006

FINANCIAL PRODUCTS GROUP CO., LTD.

(7148)
  Report
Delayed Japan Exchange  -  05/02 02:00:00 am EDT
787.00 JPY   -1.01%
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Financial Products : Notice Regarding Completion of Acquisition of Real Estate in Fukuoka for the Real Estate Fractional Ownership Investment "Premium Asset Series"

04/27/2022 | 02:15am EDT

April 27, 2022

Company: Financial Products Group Co., Ltd.

Representative: Hisanaga Tanimura, CEO & Founder

(Code 7148 on the Prime Market of the Tokyo Stock Exchange)Inquiries:Hiroshi Sakurai, Executive Officer and General Manager of Corporate Planning Dept.

(TEL. +81­3­5288­5691)

Notice Regarding Completion of Acquisition of Real Estate in Fukuoka for the Real Estate Fractional Ownership Investment "Premium Asset Series"

Financial Products Group Co., Ltd. (FPG) announces that we have acquired the commercial real estate in Daimyo, Chuo­ku, Fukuoka City, Fukuoka Prefecture, as of today, in order to arrange the "Premium Asset Series," a real estate fractional ownership investment product utilizing trust functions. The Premium Asset Series utilizes the trust beneficiary right of FPG Trust Co., Ltd., a wholly­owned subsidiary of FPG, and is designed for our customers aiming for asset management and succession of assets as a product that enables small­lot investments as low as 10 million yen in a prime real estate in the heart of Tokyo and other major cities in Japan.

The real estate we have just acquired is in the Chuo­ku, Fukuoka City, Fukuoka Prefecture, which is a popular investment destination, and is the third property in the area following the FPG links TENJIN, which was arranged and sold out in 2021, and the FPG links NAKASU which was arranged in 2022, almost selling out on application basis.

The Daimyo district and the neighboring Tenjin district in the area prospered as a castle town of the Fukuoka domain during the Edo period and have remained the economic center of Fukuoka with offices of financial institutions and companies. It is also renowned as Kyushu's largest downtown area, and Tenjin Nishi­Dori Avenue near the property is lined with famous luxury brand shops, fast­fashion brands, Apple Store, etc. The Daimyo and Tenjin district is bustling all day long as Fukuoka's trend­driving district.

The property is a 5­minute walk from the Exit 2 of the Tenjin Station on the Fukuoka City Subway Airport Line, in an excellent location with a concentration of youth­oriented apparel shops and fashionable cafes, and is an eye­catching commercial property with a simple and modern exterior.

In the vicinity of the property, the "Former Daimyo Elementary School Site Utilization Project," one of the Tenjin Big Bang Projects (an urban development plan for the Tenjin area), is underway. In spring 2023, a 25­story large­scale complex will be completed, housing commercial and office facilities on the lower and middle floors and The Ritz­Carlton, Fukuoka on the upper floors. The Daimyo district and Tenjin District are expected to develop further in the future.

FPG will continue to aggressively acquire attractive real estate in a prime location in the city centers and provide new real estate investment opportunities to our customers nationwide, and strive to develop new products by leveraging the synergies of our group.

Summary of the property

Product name: FPG links FUKUOKA DAIMYO (*1)

Location: 2­1­7 Daimyo, Chuo­ku, Fukuoka City, Fukuoka Prefecture

Access: 5­minute walk from the Exit 2 of Tenjin Station on the Fukuoka City Subway Airport Line

Land Area: 359.99 sqm (Registered record area)

Total Floor Area:1,489.08 sqm (Registered record area)

Structure: Steel­framed flat roof 7 stories above ground

Use: Stores

Year of completion: December 2019

*1.The current name of the property, "Ciel Blue DAIMYO", will be changed to "FPG links DAIMYO"

Disclaimer

Financial Products Group Co. Ltd. published this content on 27 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 April 2022 06:14:04 UTC.


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Sales 2022 41 600 M 320 M 320 M
Net income 2022 5 500 M 42,3 M 42,3 M
Net Debt 2022 - - -
P/E ratio 2022 17,7x
Yield 2022 2,80%
Capitalization 67 215 M 517 M 517 M
Capi. / Sales 2022 1,62x
Capi. / Sales 2023 1,33x
Nbr of Employees 336
Free-Float 66,1%
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Last Close Price 787,00 JPY
Average target price 650,00 JPY
Spread / Average Target -17,4%
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Managers and Directors
Hisanaga Tanimura President & Representative Director
Koichi Tanaka Manager-Finance
Yasuhiro Shimizu Manager-Compliance
Tadashi Ishiguro Director, Head-Administration, Finance & Personnel
Keiko Ohara Independent Outside Director
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