LogProstyle, Inmark to form joint venture
Joint Venture Announcement: LogProstyle has formed a joint venture with Inmark, where Inmark will hold a 51% stake and LogProstyle will hold 49% in the new entity, Inmark LogProstyle.
Focus on Real Estate: The joint venture aims to manage and enhance real estate investment assets in Japan, particularly targeting the multi-family real estate sector.
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LogProstyle Initiates Share Buyback Program
- Buyback Program Launch: LogProstyle has announced the initiation of its share repurchase program, authorizing the buyback of up to 1.09 million shares with a maximum aggregate purchase price of $540,000, reflecting the company's confidence in its stock value.
- Repurchase Timeline: The buyback program is set to run until June 30, 2026, indicating the company's commitment to enhancing shareholder value and stabilizing market confidence over the next three years.
- Positive Market Reaction: Following the announcement of the buyback, LogProstyle's shares rose by 2.69%, demonstrating investor optimism regarding the company's repurchase plan, which may further drive stock price appreciation.
- Compliance with Regulations: The repurchase will be conducted through open-market transactions on the NYSE American, ensuring adherence to applicable laws and regulations, thereby enhancing investor trust in the company's governance.
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 Initiates Share Buyback Program
- Buyback Program Launch: LogProstyle has announced the initiation of its share repurchase program, authorizing the buyback of up to 1.09 million shares with a maximum aggregate purchase price of $540,000, reflecting the company's confidence in its stock value.
- Repurchase Timeline: The buyback program is set to run until June 30, 2026, indicating the company's commitment to enhancing shareholder value and stabilizing market confidence over the next three years.
- Positive Market Reaction: Following the announcement of the buyback, LogProstyle's shares rose by 2.69%, demonstrating investor optimism regarding the company's repurchase plan, which may further drive stock price appreciation.
- Compliance with Regulations: The repurchase will be conducted through open-market transactions on the NYSE American, ensuring adherence to applicable laws and regulations, thereby enhancing investor trust in the company's governance.
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.
