The Agreement, among other things, provides that
1. Enter into a capital alliance with third parties
2. Introduce existing shareholders to third parties or otherwise facilitate the purchase of shares of
1. Purpose and Reason for the Capital and
In contrast, SYLA operates a prop-tech business centered around the development of the “Rimawari-kun” asset management platform and “Rimawari-kun AI” with the mission to democratize real estate investment around the world. The capital and business alliance is aimed at forging new growth strategies in the real estate market, enhancing the corporate value of both companies and making significant contributions to solving social issues by maximizing the use of both companies’ management resources.
2. Expected Business Alliance Details
The envisioned details of the business alliance at this time are as follows:
(1) Complementary products
(2) Complementary geographic coverage
(3) Expansion of real estate crowdfunding business
(4) Promotion of internet marketing
(5) Real estate development
(6) Strengthening real estate management
(7) Strengthening building construction operations
(8) Promotion of digital transformation
(9) Reduction of operational costs
(10) Personnel exchange
(11) ESG management
3. Outline of the Counterparty for the Agreement
(1) Company name | |||
(2) Location | 389-1, Kimmei-cho, | ||
(3) Title and name of representative | |||
(4) Business | Real estate and general construction | ||
(5) Capital | |||
(6) Date of establishment | |||
(7) Major shareholders and shareholding ratio excluding treasury stock (as of | The Musashino Bank, Ltd JAFCO Group Co., Ltd. The | 15.75% 2.93% 2.50% 2.29% 2.12% 1.89% | |
*On | |||
(8) Operating results and financial condition for the past three years | |||
Accounting period | FY ended | FY ended | FY ended |
Net assets (thousand yen) | 10,691,267 | 11,109,518 | 11,446,846 |
Total assets (thousand yen) | 18,636,960 | 18,948,156 | 17,237,515 |
Net assets per share (yen) | 1,009.58 | 1,049.08 | 1,080.93 |
Revenues (thousand yen) | 6,037,163 | 6,064,928 | 7,444,240 |
Operating income (thousand yen) | 511,053 | 1,117,285 | 1,083,214 |
Ordinary income (thousand yen) | 626,102 | 1,018,559 | 1,081,364 |
Net income (thousand yen) | 442,762 | 835,031 | 765,291 |
Net income per share (yen) | 41.79 | 78.85 | 72.27 |
Dividend per share (yen) | 40 | 40 | 40 |
About
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Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, the Company is using forward-looking statements when it discusses the expected gross proceeds and the closing of the offering. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the
Contact Information
SYLA Technologies Investor Relations Contact:
SYLA@gateway-grp.com
(949) 574-3860
SYLA Technologies Company Contact:
Head of
h_sugino@syla.jp
Source:
2024 GlobeNewswire, Inc., source