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Lead Real Estate Co., Ltd Announces Cash Dividend Payable Sept. 30, 2024

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Lead Real Estate Co., (Nasdaq: LRE), a Japanese luxury real estate developer, has announced a special cash dividend. The dividend of $0.02 per share, totaling approximately $286,193, was approved by the Board of Directors on June 18, 2024, and subsequently at the Company's annual general meeting in September 2024.

The dividend is payable on or about September 30, 2024 to shareholders of record as of June 30, 2024 (Japan Standard Time). For American depositary receipt holders, the record date is June 28, 2024 (Eastern Time). LRE specializes in developing luxury residential properties, including single-family homes and condominiums, across Tokyo, Kanagawa prefecture, and Sapporo.

Lead Real Estate Co., (Nasdaq: LRE), un sviluppatore immobiliare di lusso giapponese, ha annunciato un dividendo speciale in contanti. Il dividendo di $0,02 per azione, per un totale di circa $286.193, è stato approvato dal Consiglio di Amministrazione il 18 giugno 2024 e successivamente nella riunione annuale della società a settembre 2024.

Il dividendo è pagabile intorno al 30 settembre 2024 agli azionisti registrati al 30 giugno 2024 (ora standard del Giappone). Per i detentori di ricevute di deposito americane, la data di registrazione è il 28 giugno 2024 (orario orientale). LRE si specializza nello sviluppo di proprietà residenziali di lusso, comprese case unifamiliari e condomini, a Tokyo, nella prefettura di Kanagawa e a Sapporo.

Lead Real Estate Co., (Nasdaq: LRE), un desarrollador inmobiliario de lujo japonés, ha anunciado un dividendo especial en efectivo. El dividendo de $0.02 por acción, que totaliza aproximadamente $286,193, fue aprobado por la Junta Directiva el 18 de junio de 2024 y posteriormente en la reunión anual de la compañía en septiembre de 2024.

El dividendo es pagadero alrededor del 30 de septiembre de 2024 a los accionistas registrados hasta el 30 de junio de 2024 (hora estándar de Japón). Para los tenedores de recibos de depósito estadounidenses, la fecha de registro es el 28 de junio de 2024 (hora del este). LRE se especializa en el desarrollo de propiedades residenciales de lujo, incluidas casas unifamiliares y condominios, en Tokio, la prefectura de Kanagawa y Sapporo.

리드 리얼 에스테이트 콤퍼니(Nasdaq: LRE), 일본의 고급 부동산 개발업체가 특별 현금 배당금을 발표했습니다. 주당 $0.02의 배당금, 총 약 $286,193이 2024년 6월 18일 이사회에서 승인되었으며, 2024년 9월 회사의 연례 총회에서 추가로 승인되었습니다.

배당금은 2024년 9월 30일경에 지급될 예정이며, 2024년 6월 30일 현재 주주에게 지급됩니다(일본 표준시). 미국 예탁증서 보유자의 경우, 기준일은 2024년 6월 28일입니다(동부 표준시). LRE는 도쿄, 가나가와 현, 삿포로에 걸쳐 단독 주택 및 콘도미니엄을 포함한 고급 주거용 부동산 개발을 전문으로 합니다.

Lead Real Estate Co., (Nasdaq: LRE), un développeur immobilier de luxe japonais, a annoncé un dividende spécial en espèces. Le dividende de 0,02 $ par action, totalisant environ 286 193 $, a été approuvé par le Conseil d'administration le 18 juin 2024 et ensuite lors de l'assemblée générale annuelle de l'entreprise en septembre 2024.

Le dividende est payable aux alentours du 30 septembre 2024 aux actionnaires inscrits au 30 juin 2024 (heure normale du Japon). Pour les détenteurs de reçus de dépôt américains, la date d'enregistrement est le 28 juin 2024 (heure de l'Est). LRE se spécialise dans le développement de propriétés résidentielles de luxe, y compris des maisons unifamiliales et des condominiums, à Tokyo, dans la préfecture de Kanagawa et à Sapporo.

Lead Real Estate Co., (Nasdaq: LRE), ein japanischer Entwickler von Luxusimmobilien, hat eine Sonderdividende in bar angekündigt. Die Dividende von $0,02 pro Aktie, die insgesamt etwa $286.193 ausmacht, wurde am 18. Juni 2024 vom Vorstand genehmigt und anschließend auf der Hauptversammlung des Unternehmens im September 2024.

Die Dividende ist ungefähr zum 30. September 2024 zahlbar an die Aktionäre, die am 30. Juni 2024 (japanische Standardzeit) registriert sind. Für Inhaber von amerikanischen Depotreceipts ist der Stichtag der 28. Juni 2024 (Eastern Time). LRE spezialisiert sich auf die Entwicklung von Luxuswohnimmobilien, einschließlich Einfamilienhäusern und Eigentumswohnungen, in Tokio, der Präfektur Kanagawa und Sapporo.

Positive
  • Approval of a special cash dividend of $0.02 per share
  • Total dividend payout of approximately $286,193
  • Demonstration of company's ability to return value to shareholders
Negative
  • None.

TOKYO, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Lead Real Estate Co., Ltd (Nasdaq: LRE) (“LRE” or “the Company”), a Japanese real estate developer of luxury residential properties including single-family homes and condominiums across Tokyo, Kanagawa prefecture and Sapporo, today announced that, on June 18, 2024, the Company’s Board of Directors approved a special cash dividend, payable on or about September 30, 2024 to all shareholders of record as of June 30, 2024 (Japan Standard Time), with an American depositary receipt record date of June 28, 2024 (Eastern Time).

The dividend, of $0.02 per share, or a total of approximately $286,193, was approved at the Company’s annual general meeting held in September 2024.

About Lead Real Estate Co., Ltd

Lead Real Estate Co., Ltd is a Japanese developer of luxury residential properties, including single-family homes and condominiums, across Tokyo, Kanagawa prefecture, and Sapporo. In addition, the Company operates hotels in Tokyo and leases apartment building units to individual customers in Japan and Dallas, Texas.

The Company’s mission is to serve its customers by offering stylish, safe, and luxurious living. The Company’s vision is to adopt the Kaizen (continuous improvement) approach to seek to improve its operations, and to leverage its nationally recognized, award-winning luxury homes and strong market position in the luxury residential property market in Tokyo, Kanagawa prefecture, and Sapporo to create a global transaction platform allowing access to prime Japanese condominiums as well as overseas condominiums, including in the U.S. and Hong Kong.

For more information, please visit the Company’s website at https://www.lead-real.co.jp/en/.

Forward-looking Statements

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and other factors that may affect its future results in the Company's registration statement and in its other filings with the U.S. Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and the Company specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Contact Information:

For Media and Investor Relations
Daisuke Takahashi
Chief Financial Officer
Lead Real Estate Co., Ltd
d-takahashi@lead-real.co.jp 
+81 3-5784-5127

Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the America’s, 5th Floor
New York, NY 10036
Office: (646) 893-5835
Email: info@skylineccg.com


FAQ

What is the dividend amount announced by Lead Real Estate Co., (LRE)?

Lead Real Estate Co., (LRE) announced a special cash dividend of $0.02 per share.

When is the dividend payable for LRE shareholders?

The dividend is payable on or about September 30, 2024.

What is the record date for LRE's dividend for regular shareholders and ADR holders?

The record date is June 30, 2024 (Japan Standard Time) for regular shareholders and June 28, 2024 (Eastern Time) for American depositary receipt holders.

What is the total amount of the dividend payout announced by LRE?

The total dividend payout announced by LRE is approximately $286,193.

When did LRE's Board of Directors approve the special cash dividend?

LRE's Board of Directors approved the special cash dividend on June 18, 2024.

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