First Brothers Co., Ltd. (JP:3454) has released an update.
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First Brothers Co., Ltd. has approved the sale of a real estate asset held by its subsidiary, Higashinihon Fudosan Co., Ltd., located in Sendai, Miyagi Prefecture. Details regarding the buyer and the selling price remain undisclosed due to confidentiality clauses, but the sale’s value is less than 10% of the company’s consolidated net sales for the previous fiscal year. The transaction’s financial impact has been factored into the forecasted consolidated earnings for the fiscal year ending November 30, 2024.
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