Welcome to our dedicated page for SYLA Technologies Co., Ltd. American Depositary Shares news (Ticker: SYT), a resource for investors and traders seeking the latest updates and insights on SYLA Technologies Co., Ltd. American Depositary Shares stock.
SYLA Technologies Co., Ltd. (symbol: SYT) is a pioneering property technology company that specializes in providing innovative asset management platform systems. These systems facilitate real estate crowd-funding and streamline the process of purchasing and selling real estate. The company's core business is deeply rooted in leveraging technological advancements to make real estate transactions more accessible and efficient for all stakeholders.
Recently, SYLA Technologies has made significant strides in the field of renewable energy by utilizing drone technology for land surveys and development initiatives. This forward-thinking approach not only underscores the company's commitment to innovation but also highlights its role in promoting sustainable development practices.
In addition to their technological advancements, SYLA Technologies has also launched a new real estate rental brokerage service that emphasizes time efficiency, catering to the evolving needs of modern consumers. This service aims to respond to the increasing demand for office space, particularly in central Tokyo, showcasing the company's adaptability and responsiveness to market trends.
Financially, SYLA Technologies maintains a solid footing, supported by robust partnerships and a diversified portfolio of products and services. With a dedicated leadership team and a clear growth strategy, the company continues to navigate the competitive landscape of the property technology sector effectively.
For the latest updates and detailed information about SYLA Technologies' performance, events, and developments, investors and stakeholders are encouraged to stay tuned to their official announcements and news releases.
Recent News Highlights:
SYLA has completed its first office building, SYLA TOYOCHO, in Koto-ku, Tokyo. Responding to demand for office space in central Tokyo, the building features a design that integrates harmoniously with the cityscape using materials like autoclaved lightweight concrete panels and glass. Located at 3-5-4 Toyo, Koto-ku, the structure has 10 floors above ground with a total floor area of 568.92m2 and a site area of 86.73m2. The building comprises 10 units, including restaurants on the lower floors and offices on the upper floors. SYLA, engaged in the real estate sales and management business, aims to support corporate growth and deliver new value to the Tokyo business community with this project.
The company operates the largest membership real estate crowdfunding platform in Japan, Rimawari-kun, and develops investment condominiums under the SYFORME Series, targeting areas in Tokyo, Yokohama, and Kawasaki.
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.
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