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SYLA Technologies (Nasdaq: SYT), operator of Japan's largest real estate crowdfunding platform, Rimawari-kun, will join the NASDAQ JAPAN IR EVENT on June 20, 2024. The event, organized by MEDIROM Healthcare Technologies (Nasdaq: MRM), aims to promote Japanese companies to U.S. investors and encourage Nasdaq listings. SYLA, listed on Nasdaq since March 31, 2023, will share its insights on the listing process and showcase its capabilities in real estate and crowdfunding. The event at Nasdaq's headquarters in New York includes presentations and networking opportunities. Admission is free with pre-registration required by June 7, 2024.
SYLA Technologies, a leading Japanese real estate crowdfunding platform, will participate in the NASDAQ JAPAN IR EVENT on June 20, 2024, in New York City. Organized by MEDIROM Healthcare Technologies, the event aims to introduce and encourage Japanese companies to consider Nasdaq listings. SYLA, listed on Nasdaq since March 31, 2023, will share its insights and showcase its capabilities to U.S. investors. The event includes information sessions and a networking after-party. Other participating companies include MEDIROM Healthcare Technologies, Earlyworks, and LEAD-REAL ESTATE.
SYLA Technologies (NASDAQ: SYT) reported a 53.66% increase in gross profit and a 141.14% rise in net income from continuing operations for the full year 2023 compared to 2022. Their Rimawari-kun membership grew by 17.7% to 279,029 members, with the platform's gross merchandise value surpassing 5 billion yen. The company achieved a 3.12% increase in revenues, reaching ¥22,743,410 thousand (US $161.4 million), despite selling fewer real estate units. Operating expenses rose significantly due to IPO-related costs, while net income from continuing operations reached ¥749,361 thousand (US $5.3 million). SYLA also announced strategic acquisitions, partnerships, and an upward revision of the FY2023 year-end dividend to ¥180 per share. For FY2024, the company projects revenue between ¥27.5 billion and ¥30.0 billion and income from continuing operations between ¥750 million and ¥1.10 billion.
SYLA Technologies Co., (NASDAQ: SYT) received the Excellent Business Award for its environmentally friendly brand condominium, SYFORME MOTOMACHI-CHUKAGAI, achieving a 34% reduction in primary energy consumption through ZEH-M Oriented certification and energy-saving technologies. The Property's enhancements include solar power generation, storage battery facilities, and disaster resilience features, despite challenges in installation complexities and high costs.
SYLA Technologies Co., (NASDAQ: SYT) announced the completion and sale of SYFORME SUMIYOSHI II, a condominium property located in Tokyo, Japan. The property was sold by their subsidiary, SYLA Co., , marking a significant milestone for the company.