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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 Osaka for the Real Estate Fractional Ownership Investment Product "Premium Asset Series"

04/21/2022 | 02:15am EDT

April 21, 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 Osaka for the Real Estate Fractional Ownership Investment Product "Premium Asset Series"

Financial Products Group Co., Ltd. (FPG) announces that we have acquired the commercial real estate in Nishi­shinsaibashi, Chuo­ku, Osaka City, Osaka 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 of as low as 10 million yen in a prime real estate in the heart of Tokyo and other major cities in Japan.

The property we have just acquired is a commercial real estate located within a 5­minute walk from the Exit 7 of Shinsaibashi Station on the Osaka Metro Midosuji Line, Yotsubashi Line and Nagahori Tsurumi­ryokuchi Line.

The Nishishinsaibashi area of Chuo­ku, Osaka City, where the real estate is located, is commonly known as America­mura (American Village) and is highly popular as a leading district for youth culture in the Kansai region.

The name America­mura originated in the 1970s, when stores in converted warehouses began selling jeans, used clothing, used records and miscellaneous goods imported from the U.S. West Coast. Since then, the area is recognized as a birthplace of fashion and culture with unique apparel stores, variety stores and live music venues. In addition, a landmark of America­mura, Mitsu Park commonly known as Sankaku Koen (Triangle Park), has become famous for street performances by young comedians, and as such, America­mura has long attracted young people and is full of vitality and charm.

The property is conveniently located across the street from Mitsu Park and features a stylish exterior with black sashes and full glass walls, and was built in October 2019. The property is currently occupied by a second­hand clothing retailer and an apparel store. Both tenants are in harmony with the atmosphere created by America­mura, and each are operated by a subsidiary of companies listed on the Tokyo Stock Exchange Prime Market, respectively.

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

Property Name: FPG links Nishi SHINSAIBASHI (*1)

Location: 2­18­7 Nishishinsaibashi, Chuo­ku, Osaka City, Osaka

Access: 5­minute walk from the Exit 7 of Shinsaibashi Station on the Osaka Metro Midosuji Line, Yotsubashi Line, and Nagahori Tsurumi­ryokuchi Line

Land Area: 198.80 sqm (Registered record area)

Total Floor Area:641.56 sqm (Registered record area)

Structure: Steel­framed flat roof 4 stories above ground Use: Stores

Year of completion: October 2019

*1.The property name will be changed to " FPG links Nishi SHINSAIBASHI " from the current name " Shinsaibashi America­mura building."

Disclaimer

Financial Products Group Co. Ltd. published this content on 21 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 April 2022 06:14:07 UTC.


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Financials
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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