Komori
Other Disclosures3489FaithNetwork Co.,LtdReal estate

Notice Regarding the Acquisition of Property for Sale (Development Land) (Kyodo, Setagaya-ku, Tokyo)

Acquired development land in Kyodo, Setagaya-ku, Tokyo. The acquired land is scheduled to be developed as a multi-unit residential property.

Worth reading
47Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
686.18
m² (site area)
Wording
Conditional
How definitive the wording is.

Announced details

Real estate for sale (development land)
Applicable field (uses covered by this announcement)

Multi-unit residential building

Relationship between the counterparty and the company
FaithNetwork Co.,Ltd3489
Relationship with the Company

There are no capital, personnel or business relationships requiring disclosure, and the counterparty does not qualify as a related party.

CounterpartyNot disclosed (supplier)
Location (as indicated in this announcement)

Kyodo, Setagaya-ku, Tokyo

Site area: 686.18㎡
Contract Value

Undisclosed (less than 30% of net assets for the immediately preceding fiscal year ended March 2025)

Impact on Business Performance

The property is expected to contribute to results for the period from the fiscal year ending March 2027 onward.

The company does not address Offering price.

Announced details
ItemDetails
Names of Products / Services CoveredReal estate for sale (development land)
CounterpartyNot disclosed (supplier)
Relationship with the CompanyThere are no capital, personnel or business relationships requiring disclosure, and the counterparty does not qualify as a related party.
Contract ValueUndisclosed (less than 30% of net assets for the immediately preceding fiscal year ended March 2025)
Applicable areaMulti-unit residential building
LocationKyodo, Setagaya-ku, Tokyo
Location scaleSite area: 686.18㎡
Impact on Business PerformanceThe property is expected to contribute to results for the period from the fiscal year ending March 2027 onward.
Items this document does not state (10)
Counterparty overviewOffering priceContract DateLaunch dateAward/certification nameAwarding / certifying bodyRegistration number and expiry dateQuantitative EffectsUsage historySource

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The land was acquired as property for sale and is scheduled to be developed as a multi-unit residential property. The acquisition price is undisclosed due to a confidentiality obligation with the supplier.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding the Acquisition of Property for Sale (Development Land) (Kyodo, Setagaya-ku, Tokyo) | FaithNetwork Co.,Ltd (3489) timely disclosure | Komori