Revised the sales forecast for the fiscal year ending September 2026 from 10 billion yen to 5,258.9 million yen. The decline is mainly due to reduced sales of real estate fractional ownership products caused by tax reforms.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"7148","jir_company_name":"FPG Inc.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-03-26","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/03\/7148-20260326-02.pdf","jir_short_summary":"Revised the sales forecast for the fiscal year ending September 2026 from 10 billion yen to 5,258.9 million yen. The decline is mainly due to reduced sales of real estate fractional ownership products caused by tax reforms.","jir_summary":"### Background for Revising Earnings Guidance\nFollowing the 2026 tax reform outline announced in December 2025, the inheritance tax evaluation method for real estate fractional ownership products was revised, potentially causing a significant reduction or elimination of tax benefits. As a result, we have revised our earnings guidance for the fiscal year ending September 2026. In the first quarter, we temporarily suspended new sales and implemented special cancellation measures, which led to a significant decline in sales. However, in the second quarter, under a new sales policy formulated based on expert opinions, sales resumed and we confirmed stable demand. Nevertheless, first-half results fell short of the previous forecast.\n\n### Outlook and Response\nAs the details of the tax reform remain unpublished, we will carefully review the full-year plan and formulate a new sales policy after the details are disclosed, aiming to secure earnings. Sales for the fiscal year ending September 2026 are expected to be 52,589 million yen with gross profit at 8,829 million yen, representing a significant decrease from previous forecasts. Amounts for real estate fund project formations and real estate product sales are also projected to decline substantially.","jir_financial_highlights":"Net Sales: 52,589 million yen (Decreased from previous forecast of 100,000 million yen)\nGross Profit: 8,829 million yen (Decreased from previous forecast of 16,000 million yen)\nReal Estate Fund Project Formation Amount: 73,480 million yen (Decreased from previous forecast of 120,000 million yen)\nReal Estate Product Sales Amount: 50,516 million yen (Decreased from previous forecast of 100,000 million yen)","jir_category":"","jir_hashtags":"#FPGInc, #EarningsForecastRevision, #JapaneseStocks","jir_key_figures":"Net Sales: 52,589 million yen (Forecast for fiscal year ending September 2026, previously 100,000 million yen)\nGross Profit: 8,829 million yen (Forecast for fiscal year ending September 2026, previously 16,000 million yen)\nReal Estate Fund Project Formation Amount: 73,480 million yen (Forecast for fiscal year ending September 2026, previously 120,000 million yen)","jir_meta_title":"FPG Inc. Significantly Revises Fiscal Year September 2026 Earnings Forecast Downward Due to Tax Reform Impact, Sales Forecast at 52,589 Million Yen","jir_meta_description":"FPG Inc. has revised its earnings forecast for the fiscal year ending September 2026 to net sales of 52,589 million yen in light of the 2026 tax reform. The decline is primarily due to decreased sales of real estate fractional ownership products following the tax changes.","jir_og_title":"FPG Inc. Revises Fiscal Year September 2026 Earnings Forecast","jir_og_description":"The sales forecast for the fiscal year ending September 2026 has been significantly lowered due to the impact of tax reforms, mainly caused by reduced sales of real estate fractional ownership products.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":9056,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"earnings_guidance","footnotes":""},"sector":[],"importance":[],"class_list":["post-37065","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n