TOKYO, May 19 (Pulse News Wire) – Faithnetwork Co.,ltd (3489.T) held its fiscal 2026 March quarter earnings briefing on May 18, addressing key concerns such as tax reforms affecting real estate valuation and potential impacts from Middle East construction delays. Regarding the recent tax changes, the company stated that while the new regulations could affect property valuations within five years post-inheritance, their long-term asset management approach minimizes immediate impact.
They view the changes positively, potentially encouraging quicker purchases. On the topic of Middle Eastern influences, FaithNetwork noted that although some building material delivery delays have been reported, significant project delays have yet to occur. However, prolonged supply issues could pose risks in the future. The company emphasized ongoing monitoring and prompt disclosure should any substantial effects arise.
In discussing future strategies, FaithNetwork indicated plans to continue focusing on enhancing development capabilities through mergers and acquisitions, particularly targeting general contractors within Tokyo’s 23 special wards known for high-quality construction techniques and luxury product lines. The firm aims to boost property value and resident experience through innovative design and features. For maintaining Return on Equity (ROE) targets set above 30% during the mid-term plan, FaithNetwork acknowledged challenges posed by rising costs but remains confident in sustaining inventory turnover rates despite geopolitical uncertainties. Expansion beyond the current focus areas in southern Tokyo is also being considered, driven by increasing demand in central districts like Minato Ward.
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