LogProstyle Stock (LGPS) Surges 115% on Cash Dividend
Stock Surge and Dividend Announcement: LogProstyle (LGPS) stock rose 115.48% after announcing a $543,454 cash dividend of 23 cents per share, payable on August 5, 2025, to shareholders recorded as of today.
Shareholder Meeting Outcomes: The shareholder meeting also approved non-consolidated financial statements, amendments to the articles of incorporation, the election of 10 directors, and the appointment of KSM & Partners Audit as the accounting auditor, despite the stock being down 52% year-to-date.
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LogProstyle Inc. to Process Refund of Japanese Withholding Tax on Cash Dividend
- Dividend Tax Refund Announcement: LogProstyle will process refunds for Japanese withholding income tax deducted at a rate of 20.42% related to cash dividends, which is expected to enhance shareholder trust by returning excess tax amounts to eligible shareholders.
- Refund Application Process: The company requires shareholders to submit a refund application form and relevant documentation to ensure compliance and obtain approval from the tax authority, thereby increasing transparency and credibility among shareholders.
- Tax Compliance: Following consultations with the tax office, the company will apply for a refund of the difference between the withheld tax amount and the appropriate tax amount, ensuring adherence to Japanese tax regulations and minimizing potential legal risks.
- Future Outlook: This refund processing not only aids in improving shareholder relations but may also attract more investor attention, further enhancing the company's image in the U.S. market.
LogProstyle Inc. to Process Japanese Withholding Tax Refund with $0.023 Dividend per Share
- Dividend Payment Arrangement: LogProstyle announces a cash dividend of $0.023 per share, with a record date of July 7, 2025, and a payment date set for August 5, 2025, aimed at enhancing shareholder returns and increasing company attractiveness.
- Tax Handling Details: The company withheld the highest Japanese income tax rate of 20.42% on the dividend payment; however, based on tax office guidance, non-residents and foreign corporations should be subject to a 15.315% rate, necessitating a refund application for the excess tax withheld.
- Refund Application Process: Shareholders are required to submit necessary documents to apply for the tax refund, including the withholding tax refund application form and dividend statement, ensuring compliance to facilitate a smooth refund process, reflecting the company's commitment to shareholder rights.
- Forward-Looking Statements: The company cautions shareholders that the timing and eligibility for refunds are uncertain and may be affected by changes in tax guidance and regulations, emphasizing a focus on future compliance.
LogProstyle Reveals Land Purchase for Prostyle Ryokan Tokyo Asakusa II
Acquisition Announcement: LogProstyle Inc. has acquired land for its second hotel in Asakusa, Tokyo, expected to open in October 2028, expanding its presence to five hotels in key tourism areas of Japan.
Operational Synergies: The new hotel will be located within 300 meters of the existing Prostyle Ryokan Tokyo Asakusa, allowing for operational efficiencies and catering to the growing inbound tourism market.
Development Details: Prostyle Ryokan Tokyo Asakusa II will feature 36 guest rooms with private open-air baths, targeting an average daily rate (ADR) of ¥45,975, compared to ¥38,414 for the existing property.
Company Overview: LogProstyle Inc. focuses on real estate, including ryokan operations, and reported consolidated net sales of approximately USD 138 million for the fiscal year ending March 2025, marking its direct listing on a major U.S. stock exchange.
LogProstyle Purchases Condominium in Tama-shi and Sells Property in Bunkyo-ku, Tokyo
Acquisition and Sale: LogProstyle Inc. has acquired a pre-owned condominium in Sekido, Tokyo, and sold another in Hakusan, Tokyo, although financial details were not disclosed.
Market Performance: LogProstyle's stock closed at $1.0700, up 0.9434% on the New York Stock Exchange, but saw a slight decline of 0.93% in after-hours trading.
LogProstyle Inc. Announces Availability of Company Shares for Trading via Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
Engagement with Mitsubishi UFJ Morgan Stanley Securities: LogProstyle Inc. has partnered with Mitsubishi UFJ Morgan Stanley Securities to facilitate the buying and selling of its shares, effective August 2025, aiming to enhance market presence and liquidity for global investors.
Company's Mission and Growth Strategy: Yasuyuki Nozawa, CEO of LogProstyle, expressed enthusiasm for increasing accessibility to their shares, aligning with the company's goal of sustainable growth and long-term value creation for shareholders.
Forward-Looking Statements Disclaimer: The press release includes forward-looking statements that involve risks and uncertainties, emphasizing that actual results may differ from expectations due to various factors, including economic conditions and strategic execution.
About LogProstyle Inc.: LogProstyle Inc. operates in diverse sectors such as real estate, hotel, and restaurant management, and is notable for being the first unlisted Japanese company to directly list its shares on a major U.S. stock exchange.
LogProstyle Inc. and Inmark Global Pty Ltd. to Form Joint Venture
Joint Venture Announcement: LogProstyle Inc. has entered into a shareholders' agreement with Inmark Global Pty Ltd to establish a joint venture, Inmark LogProstyle Co., Ltd., where Inmark will hold a 51% interest and LogProstyle will hold 49%. The joint venture aims to focus on real estate investment in Japan, particularly in the multi-family sector.
Company Background: LogProstyle Inc. is involved in various businesses including real estate development and hotel management, while Inmark is an established real estate funds and asset management company with significant investments across multiple regions.
LogProstyle Inc. to Process Refund of Japanese Withholding Tax on Cash Dividend
- Dividend Tax Refund Announcement: LogProstyle will process refunds for Japanese withholding income tax deducted at a rate of 20.42% related to cash dividends, which is expected to enhance shareholder trust by returning excess tax amounts to eligible shareholders.
- Refund Application Process: The company requires shareholders to submit a refund application form and relevant documentation to ensure compliance and obtain approval from the tax authority, thereby increasing transparency and credibility among shareholders.
- Tax Compliance: Following consultations with the tax office, the company will apply for a refund of the difference between the withheld tax amount and the appropriate tax amount, ensuring adherence to Japanese tax regulations and minimizing potential legal risks.
- Future Outlook: This refund processing not only aids in improving shareholder relations but may also attract more investor attention, further enhancing the company's image in the U.S. market.
LogProstyle Inc. to Process Japanese Withholding Tax Refund with $0.023 Dividend per Share
- Dividend Payment Arrangement: LogProstyle announces a cash dividend of $0.023 per share, with a record date of July 7, 2025, and a payment date set for August 5, 2025, aimed at enhancing shareholder returns and increasing company attractiveness.
- Tax Handling Details: The company withheld the highest Japanese income tax rate of 20.42% on the dividend payment; however, based on tax office guidance, non-residents and foreign corporations should be subject to a 15.315% rate, necessitating a refund application for the excess tax withheld.
- Refund Application Process: Shareholders are required to submit necessary documents to apply for the tax refund, including the withholding tax refund application form and dividend statement, ensuring compliance to facilitate a smooth refund process, reflecting the company's commitment to shareholder rights.
- Forward-Looking Statements: The company cautions shareholders that the timing and eligibility for refunds are uncertain and may be affected by changes in tax guidance and regulations, emphasizing a focus on future compliance.
LogProstyle Reveals Land Purchase for Prostyle Ryokan Tokyo Asakusa II
Acquisition Announcement: LogProstyle Inc. has acquired land for its second hotel in Asakusa, Tokyo, expected to open in October 2028, expanding its presence to five hotels in key tourism areas of Japan.
Operational Synergies: The new hotel will be located within 300 meters of the existing Prostyle Ryokan Tokyo Asakusa, allowing for operational efficiencies and catering to the growing inbound tourism market.
Development Details: Prostyle Ryokan Tokyo Asakusa II will feature 36 guest rooms with private open-air baths, targeting an average daily rate (ADR) of ¥45,975, compared to ¥38,414 for the existing property.
Company Overview: LogProstyle Inc. focuses on real estate, including ryokan operations, and reported consolidated net sales of approximately USD 138 million for the fiscal year ending March 2025, marking its direct listing on a major U.S. stock exchange.
LogProstyle Purchases Condominium in Tama-shi and Sells Property in Bunkyo-ku, Tokyo
Acquisition and Sale: LogProstyle Inc. has acquired a pre-owned condominium in Sekido, Tokyo, and sold another in Hakusan, Tokyo, although financial details were not disclosed.
Market Performance: LogProstyle's stock closed at $1.0700, up 0.9434% on the New York Stock Exchange, but saw a slight decline of 0.93% in after-hours trading.
LogProstyle Inc. Announces Availability of Company Shares for Trading via Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
Engagement with Mitsubishi UFJ Morgan Stanley Securities: LogProstyle Inc. has partnered with Mitsubishi UFJ Morgan Stanley Securities to facilitate the buying and selling of its shares, effective August 2025, aiming to enhance market presence and liquidity for global investors.
Company's Mission and Growth Strategy: Yasuyuki Nozawa, CEO of LogProstyle, expressed enthusiasm for increasing accessibility to their shares, aligning with the company's goal of sustainable growth and long-term value creation for shareholders.
Forward-Looking Statements Disclaimer: The press release includes forward-looking statements that involve risks and uncertainties, emphasizing that actual results may differ from expectations due to various factors, including economic conditions and strategic execution.
About LogProstyle Inc.: LogProstyle Inc. operates in diverse sectors such as real estate, hotel, and restaurant management, and is notable for being the first unlisted Japanese company to directly list its shares on a major U.S. stock exchange.
LogProstyle Inc. and Inmark Global Pty Ltd. to Form Joint Venture
Joint Venture Announcement: LogProstyle Inc. has entered into a shareholders' agreement with Inmark Global Pty Ltd to establish a joint venture, Inmark LogProstyle Co., Ltd., where Inmark will hold a 51% interest and LogProstyle will hold 49%. The joint venture aims to focus on real estate investment in Japan, particularly in the multi-family sector.
Company Background: LogProstyle Inc. is involved in various businesses including real estate development and hotel management, while Inmark is an established real estate funds and asset management company with significant investments across multiple regions.
