Financial Products Group Co., Ltd. (JP:7148) has released an update.
Financial Partners Group Co., Ltd. (FPG) has announced that its subsidiary AND ART Co., Ltd., now rebranded as & OWNERS Co., Ltd., is expanding its fractional ownership offerings to include classic supercars in addition to fine art, with shared ownership starting at JPY 10,000 for art and JPY 100,000 for supercars. The move represents a diversification of the subsidiary’s asset portfolio, aiming to create a broader range of investment opportunities for co-owners who can potentially benefit from capital gains. This strategic development is not expected to significantly affect FPG’s earnings for the fiscal year ending September 30, 2024.
For further insights into JP:7148 stock, check out TipRanks’ Stock Analysis page.
