Welcome to our dedicated page for Syla Tech Co news (Ticker: SYT), a resource for investors and traders seeking the latest updates and insights on Syla Tech Co stock.
SYLA Technologies Co Ltd (SYT) operates at the intersection of property technology and real estate investment, providing innovative crowdfunding solutions through its digital platform. This page serves as the definitive source for verified company announcements, financial updates, and operational developments.
Investors and industry observers will find curated coverage of SYT's strategic initiatives, including earnings reports, technology partnerships, and market expansion activities. The collection spans corporate announcements, regulatory filings, and analysis of SYT's proptech innovations in asset management and property transactions.
Content is organized to help users efficiently track SYT's progress in enhancing real estate accessibility through technology. Key updates include platform enhancements, service expansions, and operational milestones that demonstrate the company's leadership in property crowdfunding solutions.
Bookmark this page for direct access to SYT's official communications and third-party analysis. Regular updates ensure stakeholders maintain current knowledge of the company's technological advancements and market position within the evolving proptech sector.
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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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SYLA Technologies Co., Ltd. (NASDAQ: SYT) expects FY2024 revenues to grow by 22.2% to 33.3% compared to the forecast for FY2023. The company also anticipates an increase in full-year dividends for FY2023 to 250 yen per common share, reflecting a commitment to delivering robust and sustainable financial performance. However, income from continuing operations for FY2024 is projected to decrease by 24.1% to 51.7% compared to FY2023, primarily due to rising costs associated with the company’s M&A strategy for future growth.
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SYLA Technologies Co., Ltd. has entered into a Capital and Business Alliance Agreement with RIBERESUTE CORPORATION, acquiring 20.39% of its shares. The alliance aims to forge new growth strategies in the real estate market, enhance corporate value, and make significant contributions to solving social issues. The expected alliance details include complementary products, geographic coverage, expansion of real estate crowdfunding business, internet marketing promotion, real estate development, and digital transformation.
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SYLA Technologies Co., Ltd. (NASDAQ: SYT) announced the sale of four buildings from its SYFORME condominium brand to a private fund managed by BlackRock’s Real Estate business, as part of a collaboration agreement. The sale signifies a significant milestone in the partnership, with plans for further collaboration and investment opportunities in SYLA’s real estate projects in Japan.
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SYLA Technologies Co., Ltd. (NASDAQ: SYT) completed the acquisition of 2,158,800 shares of RIBERESUTE CORPORATION (TSE: 8887), becoming the largest shareholder with a 20.39% ownership interest.
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SYLA Technologies Co., Ltd. (NASDAQ: SYT) has appointed Mr. Takuya Hanada as Chief Financial Officer, effective January 4, 2024. Mr. Hanada is a Certified Public Accountant in Japan and has extensive experience in the financial and securities industry, having worked at Nomura Securities Co., Ltd and ChuoAoyama PricewaterhouseCoopers. His appointment is expected to bring valuable expertise to SYLA's financial management.
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SYLA Technologies Co., Ltd. (SYLA) announced that its real estate crowd-funding platform, Rimawari-kun, has achieved a total real estate Gross Merchandise Value (GMV) of over five billion yen. With over 279,000 members, Rimawari-kun has maintained its position as the leading membership real estate crowd-funding platform in Japan for two consecutive years. 17 out of 64 projects funded have been successfully redeemed, all without any loss of principal. SYLA is committed to enhancing and innovating Rimawari-kun services and expanding its offerings to align with customer needs.
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SYLA Technologies Co., Ltd. (SYLA) has announced updated financial guidance for the fiscal year ending December 31, 2023. Revenues are expected to be ¥22,500 million, a reduction from the Previous Guidance of ¥24,700 – ¥26,700 million. Income from continuing operations is expected to be ¥1,450 million, an increase from the Previous Guidance of ¥850 – ¥980 million. Earnings per share is expected to be ¥2,600, an increase from the Previous Guidance of ¥1,359 – ¥1,637.
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SYLA Technologies Co., Ltd. (NASDAQ: SYT) announced a business collaboration with BlackRock's Real Estate business, marking its first collaboration with a major US-based asset management firm. The agreement aims to strengthen mutual collaboration, providing BlackRock with investment opportunities in Japanese properties developed by SYLA, particularly the SYFORME series. SYLA also aims to accelerate real estate development and investment in response to market needs.
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SYLA Technologies Co., Ltd. (NasdaqCM: SYT) - Argus Research launches Equity Research Report coverage on SYLA Technologies, highlighting the company's leading position in Japanese real estate crowdsourcing platforms, supported by AI technology. Anticipated revenue growth, marketing agreements with Rakuten, and plans to double dividends indicate positive long-term prospects. With 3.8 billion yen in cash, the company's fair value is estimated at $8.00 per ADS.
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