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Acquisition of Face NW - Real estate for sale (development land).
On the 14th, Face Network <3489> announced that it has acquired a sales real estate (development site). The location of this development site is Setagaya-ku, Tokyo and the planned use is a joint residence, with a site area of 266.34 square meters. The supplier and trade are withheld from public disclosure due to confidentiality obligations with the supplier. The acquisition price is less than 30% of the net assets of the previous period (fiscal year ending March 2024). There is no capital relationship, human relationship, or transactional relationship that should be noted between the company and the supplier.
Unexpected support in the US a-reit etf market, consumers increasing their dining out.
[Real Estate] For real estate owners, restaurants have long been a risky investment and have a high probability of failure. However, due to low unemployment rates, wage increases, and the influence of millennial lifestyle, which has pushed up dining expenses, restaurants are now reportedly the most booming in the retail real estate market. <2134> San Capital <2337> Ichigo <2970> Good Life C <2975> Star Micah <2976> Nihon Grande <3>
Face Network---surplus dividends
Face Network <3489> announced on the 27th that it will pay dividends from surplus funds with 2024/3/31 as the reference date. The company positions return of profits to shareholders as one of the important management issues, implements dividends with the goal of a dividend payout ratio of 35% while comprehensively considering performance trends, financial conditions, future business development, etc., and has a basic policy of continuously increasing the total amount of dividends in response to improvements in corporate value. Based on this basic policy, taking into account financial results for the fiscal year ending 2024/3, 20
FaithNetwork: Notice regarding dividends from surplus
FaithNetwork: Key Questions and Answers at Financial Results Briefing for the Fiscal Year Ending March 31, 2024 (Summary)
FaithNetwork: Financial results presentation materials for the fiscal year ending March 31, 2024
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