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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
News

SYLA Technologies Announces Its Growth Strategy Centered on Mergers and Acquisitions

Rhea-AI Summary
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 Announces FY2024 Financial Guidance and Upward Revision of FY2023 Dividend Forecast

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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 Enters into a “Capital and Business Alliance Agreement” with RIBERESUTE

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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 Sells Four SYFORME Brand Condominiums to a Private Fund Managed by BlackRock’s Real Estate Business

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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 Became the Largest Shareholder of RIBERESUTE by Acquiring 20.39% of its Shares

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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 Appoints Takuya Hanada as Chief Financial Officer

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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’s Rimawari-kun Platform’s Gross Merchandise Value Surpasses Five Billion Yen

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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 Updates 2023 Full Year Financial Guidance with Upward Revision of Income from Continuing Operations and Earnings Per Share

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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 Announces Business Collaboration with Private Fund Managed by BlackRock’s Real Estate Business

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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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Argus Research Initiates Equity Research Report Coverage on SYLA Technologies Co., Ltd. (NasdaqCM: SYT)

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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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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 $1.64 as of November 20, 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 42.7M.

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.

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SYLA Technologies Co., Ltd. American Depositary Shares

Nasdaq:SYT

SYT Rankings

#4937 Ranked by Market Cap
N/A Ranked by Dividends

SYT Stock Data

42.69M
26.55M
0.04%
0.21%
Software - Application
Technology
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United States of America
Tokyo