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SYLA Technologies Co., Ltd. American Depositary Shares - SYT STOCK NEWS

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:

  • Utilizing Drone Technology for Renewable Energy Land Survey and Development Initiatives. Read more
  • New Real Estate Rental Brokerage Service Focusing on Time Performance. Read more
  • Responding to Demand for Office Space in Central Tokyo. Read more
Rhea-AI Summary

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.

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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.

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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.

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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.

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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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SYLA Technologies Co., (NASDAQ: SYT) announced the sale of a segment of its investment securities holdings, resulting in a profit of 96 million yen. The company executed the sale of one listed stock from its investment portfolio, intending to enhance asset efficiency and fortify the financial structure. The profit will be recorded as other income for the fiscal year ending December 31, 2024.
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SYLA Technologies Co., announces that its real estate rental brokerage application 'ietty' has surpassed 300,000 registered members, offering a secure and convenient online customer service platform amid the increasing demand post-COVID-19. The app streamlines the rental process, providing access to exclusive properties and offering a 50% discount on agency fees.
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SYLA Solar Co., , a subsidiary of SYLA Technologies Co., , successfully raised 50 million yen in bank guaranteed private placement bonds provided by Aichi Bank, The fundraising aims to boost research and development efforts, expand production facilities, enhance customer service, and increase market share in the renewable energy sector.
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SYLA Technologies Co., Ltd. announces a Comprehensive Business Alliance Agreement with LIVE THE CREATIVE Inc. to innovate solar power plant development. The alliance aims to enhance precision and efficiency in land surveys using drone technology, accelerating the solar power plant development process. SYLA Solar plans to automate operations, align with ESG goals, and contribute to renewable energy adoption and disaster prevention efforts.
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SYLA Technologies Co., Ltd. announces mid-term business strategy focusing on M&A and mid-term revenue targets for the next three years. The company aims to accelerate growth through M&A opportunities and has outlined selection and decision criteria. Additionally, SYLA targets to surpass 40 billion yen in revenues by FY2026, mainly through organic growth in the real estate development and sales business. The company anticipates challenges such as inflation-driven cost escalations and potential rising interest rates but remains optimistic about robust growth. SYLA's crowdfunding business is experiencing a steady rise in membership and expects additional investment inflows. The renewable energy business also anticipates an increase in sales. Chairman, Founder, and CEO Hiroyuki Sugimoto expresses confidence in the company's growth strategy through M&A and organic growth, despite the anticipated short-term impact on profits.
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FAQ

What is the current stock price of SYLA Technologies Co., Ltd. American Depositary Shares (SYT)?

The current stock price of SYLA Technologies Co., Ltd. American Depositary Shares (SYT) is $1.495 as of November 4, 2024.

What is the market cap of SYLA Technologies Co., Ltd. American Depositary Shares (SYT)?

The market cap of SYLA Technologies Co., Ltd. American Depositary Shares (SYT) is approximately 39.8M.

What is SYLA Technologies Co., Ltd.?

SYLA Technologies Co., Ltd. is a property technology company providing asset management platform systems for real estate crowd-funding and transactions.

What recent technological advancements has SYLA Technologies made?

SYLA Technologies has utilized drone technology for renewable energy land surveys and development initiatives.

What new services has SYLA Technologies launched?

They have launched a new real estate rental brokerage service focused on improving time efficiency.

How is SYLA Technologies addressing the demand for office space?

The company is responding to the demand for office space in central Tokyo with innovative solutions and services.

How can I stay updated on SYLA Technologies' latest news?

You can stay updated by following their official announcements and news releases on their website and reputable news platforms.

What is essential about SYLA Technologies' asset management platform?

The platform facilitates real estate crowd-funding and simplifies the process of purchasing and selling real estate.

Who can I contact for more information about SYLA Technologies?

You can contact Takeshi Fuchiwaki, Director, Chief Growth Officer at irpr@syla.jp.

What is the company's approach to sustainability?

SYLA Technologies promotes sustainable practices by incorporating renewable energy initiatives in their projects.

Where can I find recent photos and visual updates about SYLA Technologies' projects?

Recent photos and visual updates are available on reputable news platforms like GlobeNewswire.

What is the current exchange rate for SYLA Technologies' financial figures?

The current exchange rate is ¥140.92 to US$1.00.

SYLA Technologies Co., Ltd. American Depositary Shares

Nasdaq:SYT

SYT Rankings

SYT Stock Data

39.78M
260.00k
0.03%
0.24%
Software - Application
Technology
Link
United States of America
Tokyo