Latest news with #LogProstyle
Business Wire
06-08-2025
- Business
- Business Wire
LogProstyle Inc. and Inmark Global Pty Ltd. to Form Joint Venture
TOKYO--(BUSINESS WIRE)-- LogProstyle Inc. (NYSE American: LGPS) (the 'Company' or 'LogProstyle'), headquartered in Minato-ku, Tokyo, Japan, is pleased to announce that on July 28, 2025, the Company entered into a shareholders' agreement with Australia-based Inmark Global Pty Ltd. ('Inmark') to establish a joint venture entity, Inmark LogProstyle Co., Ltd. ('Inmark LogProstyle'). The parties agreed to an initial ownership ratio whereby Inmark will subscribe for a 51% interest and LogProstyle will subscribe for a 49% interest in the company. Inmark LogProstyle plans to originate, acquire, finance, develop, manage, operate, and enhance real estate investment assets across Japan, with a particular emphasis on the multi-family real estate sector. Yasuyuki Nozawa, Representative Director, President and CEO of LogProstyle said, 'We are pleased to have entered into a shareholders' agreement with Inmark to establish a joint venture. Collectively, we plan to embark on an ambitious acquisition campaign, with LogProstyle taking the lead in management and operations in Japan. Through this initiative, we expect to further accelerate the growth of our rental apartment development business and strengthen our leadership position in the Japanese real estate market." Forward-Looking Statements Disclaimer: This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the anticipated benefits of the strategic partnership between LogProstyle and Inmark, including plans for investment, development, and management of multi-family real estate projects in Japan, as well as the expected performance of Inmark LogProstyle and future capital deployment strategies. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed or implied in the forward-looking statements. These risks and uncertainties include, but are not limited to, the ability of the joint venture to successfully identify and acquire suitable real estate assets, risks associated with market fluctuations, changes in regulatory or economic conditions, and other factors described in the Company's filings with the U.S. Securities and Exchange Commission, including the risks detailed in the Company's Annual Report on Form 20-F filed with the SEC on July 7, 2025. Forward-looking statements speak only as of the date they are made and the Company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this press release, except as required by applicable law. Any references to our website have been provided as a convenience, and the information contained on such website is not incorporated by reference into this press release. About LogProstyle Inc. LogProstyle Inc. (NYSE American: LGPS) is involved in a wide range of businesses, including real estate development, hotel management, and restaurant management. With the slogan "redefine life style," the Company is working on various projects with the aim of illustrating an innovative and sustainable lifestyle. LogProstyle is the first unlisted Japanese company to list its Japanese common shares directly on a major United States stock exchange. About Inmark Established in 2006, Inmark is an independent Australian and Korean based real estate funds and asset management company and is headquartered in Sydney, Australia. Inmark and its affiliated companies have invested or managed approximately USD3.7 billion of real estate transactions across Australia, Korea, Europe, US and Asia with its global institutional capital partners. Inmark delivers exceptional value through disciplined real estate investment, proactive asset management and strategic capital deployment.
Business Insider
08-07-2025
- Business
- Business Insider
LogProstyle Stock (LGPS) Surges 115% on Cash Dividend
LogProstyle (LGPS) stock surged on Monday after the Japanese real estate services company announced the results from its June 30, 2025, shareholder meeting. Included in that was approval of a $543,454 cash dividend. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. LogProstyle has agreed to pay a dividend of 23 cents per share to investors. This cash dividend is payable to investors on record as of the close of business today. The dividend will be paid to these shareholders on August 5, 2025. In addition to the dividend, shareholders approved non-consolidated financial statements, amendments to its articles of incorporation, the election of 10 directors, the election of KSM & Partners Audit as the company's accounting auditor, and the creation of a Performance Share Plan. LogProstyle Stock Movement Today LogProstyle stock was up 115.48% as of Monday morning. However, the shares have fallen 52% year-to-date. Today's rally came with some 39 million shares traded, a massive increase over its three-month daily average trading volume of about 115,000 shares.
Yahoo
07-07-2025
- Business
- Yahoo
LogProstyle Inc. Announces Approval of Share Repurchase Program by the Board of Directors
Share Repurchase Authorization of USD $543 Thousand TOKYO, July 07, 2025--(BUSINESS WIRE)--LogProstyle Inc. (NYSE American: LGPS) (the "Company" or "LogProstyle"), headquartered in Minato-ku, Tokyo, Japan, announced today that the Board of Directors approved the proposed Share Repurchase Program (the "Repurchase Program"), in the maximum amount and class of shares to be acquired of up to 1,086,910 common shares. The maximum aggregate purchase price of the shares within the Repurchase Program is USD $543,455, to be executed between July 1, 2025 and June 30, 2026 through open market acquisition of shares on the NYSE American. The approval of the Repurchase Program reflects the Company's commitment to disciplined capital allocation and priority of returning value to shareholders. Forward-Looking Statements Disclaimer: This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed or implied in the forward-looking statements. These risks and uncertainties include, but are not limited to, general economic conditions, changes in market conditions, the Company's ability to execute its strategic initiatives, and other factors described in the Company's filings with the U.S. Securities and Exchange Commission, including the risks detailed in the Company's annual report on Form 20-F filed with the SEC on July 7, 2025. Forward-looking statements speak only as of the date they are made and the Company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this press release, except as required by applicable law. Any references to our website have been provided as a convenience, and the information contained on such website is not incorporated by reference into this press release. About LogProstyle Inc. LogProstyle Inc. is involved in a wide range of businesses, including real estate development, hotel management, and restaurant management. With the slogan "redefine life style," the Company is working on various projects with the aim of illustrating an innovative and sustainable lifestyle. LogProstyle is the first unlisted Japanese company to list its Japanese common shares directly on a major United States stock exchange rather than through American Depositary Receipts (ADRs). View source version on Contacts LogProstyle Inc., Investor Relations, ir@ Hayden IR, Corbin Woodhull, corbin@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
07-07-2025
- Business
- Business Wire
LogProstyle Inc. Announces Approval of Share Repurchase Program by the Board of Directors
TOKYO--(BUSINESS WIRE)--LogProstyle Inc. (NYSE American: LGPS) (the 'Company' or 'LogProstyle'), headquartered in Minato-ku, Tokyo, Japan, announced today that the Board of Directors approved the proposed Share Repurchase Program (the 'Repurchase Program'), in the maximum amount and class of shares to be acquired of up to 1,086,910 common shares. The maximum aggregate purchase price of the shares within the Repurchase Program is USD $543,455, to be executed between July 1, 2025 and June 30, 2026 through open market acquisition of shares on the NYSE American. The approval of the Repurchase Program reflects the Company's commitment to disciplined capital allocation and priority of returning value to shareholders. Forward-Looking Statements Disclaimer: This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed or implied in the forward-looking statements. These risks and uncertainties include, but are not limited to, general economic conditions, changes in market conditions, the Company's ability to execute its strategic initiatives, and other factors described in the Company's filings with the U.S. Securities and Exchange Commission, including the risks detailed in the Company's annual report on Form 20-F filed with the SEC on July 7, 2025. Forward-looking statements speak only as of the date they are made and the Company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this press release, except as required by applicable law. Any references to our website have been provided as a convenience, and the information contained on such website is not incorporated by reference into this press release. About LogProstyle Inc. LogProstyle Inc. is involved in a wide range of businesses, including real estate development, hotel management, and restaurant management. With the slogan "redefine life style," the Company is working on various projects with the aim of illustrating an innovative and sustainable lifestyle. LogProstyle is the first unlisted Japanese company to list its Japanese common shares directly on a major United States stock exchange rather than through American Depositary Receipts (ADRs).
Business Wire
07-07-2025
- Business
- Business Wire
LogProstyle Inc. Announces Approval of Cash Dividend at the 2025 Annual General Meeting of Shareholders
TOKYO--(BUSINESS WIRE)-- LogProstyle Inc. (NYSE American: LGPS) (the 'Company' or 'LogProstyle'), headquartered in Minato-ku, Tokyo, Japan, announced today that all matters presented at its Annual General Meeting of Shareholders ('AGM') held on June 30, 2025 were approved. A total of 18,724,644 shares were represented at the AGM, in person or by proxy, indicating 79.17% participation of shareholders eligible to vote. In particular, the shareholders approved: Distribution of Cash Dividend Shareholders approved the distribution of a cash dividend of USD $0.023 per share, or USD $543,454 in aggregate. The cash dividend is payable on August 5, 2025, to LogProstyle's holders of record at the close of business on July 7, 2025, with the ex-dividend date of the same day. The approval of the dividend underscores the Company's ongoing commitment to disciplined capital allocation and continuous focus on delivering long-term sustainable growth. Shareholders also approved: The full vote results will be filed in a report with the Securities and Exchange Commission and posted on the Investor Relations section on the Company's website. Forward-Looking Statements Disclaimer: This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed or implied in the forward-looking statements. These risks and uncertainties include, but are not limited to, general economic conditions, changes in market conditions, the Company's ability to execute its strategic initiatives, and other factors described in the Company's filings with the U.S. Securities and Exchange Commission, including the risks detailed in the Company's annual report on Form 20-F filed with the SEC on July 7, 2025. Forward-looking statements speak only as of the date they are made and the Company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this press release, except as required by applicable law. Any references to our website have been provided as a convenience, and the information contained on such website is not incorporated by reference into this press release. About LogProstyle Inc. LogProstyle Inc. is involved in a wide range of businesses, including real estate development, hotel management, and restaurant management. With the slogan "redefine life style," the Company is working on various projects with the aim of illustrating an innovative and sustainable lifestyle. LogProstyle is the first unlisted Japanese company to list its Japanese common shares directly on a major United States stock exchange rather than through American Depositary Receipts (ADRs).
