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FaithNetwork (3489) · FactFirst stated

Decline in profit margins due to prioritizing early sales during the COVID-19 pandemic

First written in FY2021. . Latest entry: FY2021.

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  1. FY2021First statedAnnual report

    「Revenue increased substantially, partly due to the bulk sale of multiple properties. However, because early sales were prioritised during the COVID-19 pandemic, some properties could not be sold at their initial selling prices, resulting in lower profit margins than in the previous year and leaving profit with only a slight increase.」

    The company explains that, although revenue increased through the bulk sale of multiple properties, prioritising early sales during the COVID-19 pandemic meant that some properties could not be sold at their initial selling prices, resulting in lower profit margins.
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Decline in profit margins due to prioritizing early sales during the COVID-19 pandemic | FaithNetwork Co.,Ltd (3489) | Komori