LGPS.A News & Events

LogProstyle has discontinued its share repurchase program and that it is considering a special dividend. The Company previously implemented a share repurchase program. However, after comprehensively considering the progress of repurchases under the program and the current market environment, the Company has decided to discontinue the program in order to pursue a more effective capital policy and enhance shareholder returns. In addition, the Company's Board of Directors is considering declaration of a special cash dividend, to be funded by the remaining unused portion of the authorized share repurchase amount. The final decision regarding any special dividend is expected to be made at the Board meeting scheduled for May 15, 2026. Declaration of a special dividend is subject to, among other things, approval of the Company's audited financial statements for the year ended March 31, 2026 by the Japanese statutory auditor. There can be no assurance regarding whether the Board will declare a dividend, and, if declared, regarding the amount of any dividend, or the timing thereof. The declaration, payment, and amount of any future dividends are subject to the sole discretion of the Board and will depend upon numerous factors, including the Company's financial condition, earnings, capital and legal requirements, debt covenants, regulatory constraints, and other factors the Board deems relevant. The Company's dividend policy may be amended, revoked, or suspended at any time and for any reason at the Board's discretion.

LogProstyle announced that it has acquired land for the development of its second hotel in the Asakusa district of Tokyo. Expected to open in October of 2028, LogProstyle's footprint expands to five strategically located hotels in the leading tourism markets of Japan. This latest hotel property is located within 300 meters from Prostyle Ryokan Tokyo Asakusa, enabling operational synergies between the two hotels. The project aligns with the company's strategic goal of expanding its ryokan and hotel business, addressing the growing inbound tourism in Asakusa.

LogProstyle announced that the company entered into a shareholders' agreement with Australia-based Inmark to establish a joint venture entity, 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.

LogProstyle announced the signing of a memorandum of association with the Dubai Department of Economy and Tourism on April 5. This agreement establishes a new entity, "Logprostyle Inc For Hotel Management CO. L.L.C S.O.C". This strategic expansion into the United Arab Emirates represents a major milestone in the company's growth strategy, aimed at broadening its hotel management initiatives and bringing authentic Japanese hospitality to international markets.