SYLA Technologies Announces Interim Dividend of ¥70 Per Share
15 Août 2023 - 10:05PM
SYLA Technologies Co., Ltd. (NASDAQ: SYT)
(“SYLA” or “the Company”), operator of the largest
membership real estate crowd-funding platform in Japan,
Rimawari-kun, announced that its Board of Directors has resolved
that the Company will pay an interim dividend of ¥70 per common
share (equivalent to $0.48 per share at August 11 exchange rate of
$1.00 = ¥144.94; 1 share = 100 ADRs) with a record date for ADR
holders of August 31, 2023, to shareholders.
On May 17, 2023, SYLA announced a plan to double the annual
dividend for the fiscal year ending December 31, 2023 to ¥140 per
share from ¥70 per share in the previous fiscal year ended December
31, 2022, with the aim of realizing a payout ratio of 30% over an
extended period. Based on the recent state and outlook of the
Company’s business and other factors, SYLA decided to pay the half
of the planned annual dividend (¥70 per share) as an interim
dividend.
“We’re pleased to announce this interim dividend, representing
the productivity, hard work, and execution of our go-to-market and
growth strategies,” said Chairman, Founder, and CEO Hiroyuki
Sugimoto. “We believe that issuing this dividend reflects our
confidence in the trajectory of our profitability and the robust
nature of our business. Our Company will continue to strive to
provide returns that exceed expectations of our shareholders, and
provide long term value to our employees and stakeholders.”
Overview of the Interim Dividend for the Fiscal Year
Ending December 2023
|
FY 2023 Interim
Dividend |
FY 2023 Recent dividend forecast announced on May 17, 2023 |
FY 2022 Annual Dividend |
Record Date |
August 31, 2023 |
- |
December 31, 2022 |
Dividend per share |
Interim dividend 70.00
yen |
Annual dividend 140.00
yen |
Annual dividend 70.00
yen |
Total dividends |
18,069,870yen |
|
16,676,730 yen |
Effective Date |
To be decided |
- |
March 31, 2023 |
Dividend Resource |
Retained earnings |
- |
Retained earnings |
Note: Dividends, if any, will be declared by the Company’s Board
of Directors, in its sole discretion. There can be no assurance
that a dividend will be declared, regardless of the Company’s Full
Year 2023 performance and results of operations, or that a
dividend, if declared, will be in a certain amount.
About SYLA Technologies Co., Ltd.Headquartered
in Tokyo, Japan, our company consists of SYLA Technologies Co.,
Ltd. and its consolidated subsidiaries (SYLA Co., Ltd., SYLA Solar
Co., Ltd., SYLA Brain Co., Ltd., and SYLA Biotech Co., Ltd.). The
Company owns and operates the largest membership real estate
crowd-funding platform in Japan, Rimawari-kun, which targets
individuals, corporate and institutional investors, as well as high
net worth individuals. Their mission is to democratize real estate
investment around the world through technology and asset management
through the Rimawari-kun platform. They are engaged in the overall
investment condominium business, including planning, development,
construction, sales, rental management, building management, repair
work, and the sale of properties. Additional information about the
Company’s products and services is available at
https://syla-tech.jp/en
Cautionary Note Regarding Forward-Looking
StatementsThis 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 Securities
and Exchange Commission (“SEC”), including, but not limited to, the
risks detailed in the Company’s annual report on Form 20-F, filed
with the SEC on April 18, 2023. Forward-looking statements speak
only as of the date the statements are made. The Company assumes no
obligation to update forward-looking statements to reflect actual
results, subsequent events or circumstances, changes in assumptions
or changes in other factors affecting forward-looking information
except to the extent required by applicable securities laws. If the
Company does update one or more forward-looking statements, no
inference should be drawn that the Company will make additional
updates with respect thereto or with respect to other
forward-looking statements. References and links to websites have
been provided as a convenience, and the information contained on
such websites is not incorporated by reference into this press
release.
Contact Information
Gateway Group, Inc.John Yi and Thomas
ThayerSYLA@gateway-grp.comTel +1 (949) 574-3860
SYLA Technologies (NASDAQ:SYT)
Graphique Historique de l'Action
De Août 2024 à Sept 2024
SYLA Technologies (NASDAQ:SYT)
Graphique Historique de l'Action
De Sept 2023 à Sept 2024