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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 Enters into Basic Agreement Regarding a Business Alliance with RIBERESUTE and Agrees to Acquire Shares from Four of Its Shareholders to Become the Largest Shareholder

Rhea-AI Summary
SYLA Technologies Co., Ltd. (NASDAQ: SYT) announced the acquisition of 2,158,800 shares of RIBERESUTE CORPORATION, a Japan-based developer, making it the largest shareholder. The acquisition aims to form a business alliance, leveraging SYLA's prop-tech business and Rimawari-kun AI with RIBERESUTE's real estate development and sales expertise. The agreement also restricts RIBERESUTE from certain actions until March 31, 2024. The acquisition is expected to be completed by mid-January 2024.
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SYLA Technologies Announces Definitive Agreement for a Business Transfer from ietty Inc.

Rhea-AI Summary
SYLA Technologies Co., Ltd. has entered into a definitive agreement for a cash transaction business transfer from ietty Inc. The strategic business transfer aims to enhance SYLA's real estate services by integrating ietty's AI and chatbot technologies. This includes adding an online rental brokerage function to SYLA's offerings, boosting occupancy rates and creating new profit-earning opportunities. SYLA also plans to transition the business to a SaaS model and franchising of the service in the long term.
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SYLA Technologies to Participate in the ROTH MKM 12th Annual New York Technology Conference on November 15, 2023

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SYLA Technologies Co., Ltd. (NASDAQ: SYT) will be attending the ROTH MKM 12th Annual New York Technology Conference on November 15, 2023. The conference will include in-person meetings with around 50 companies in the Technology, Media, and Internet sectors.
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SYLA Technologies Announces the Beginning of the Sale of SYFORME NAKANO Condominium Units

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SYLA Technologies' subsidiary, SYLA Co., has started selling the SYFORME NAKANO condominium units in Japan. The nine-story, 25 unit condominium is the company's first sale of its own fully constructed building. The property is centrally located in the Nakano area, one stop away from Shinjuku city center.
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SYLA Technologies Initiates its Employee Stock Purchase Plan

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SYLA Technologies initiates its Employee Stock Purchase Plan by purchasing its American Depositary Shares (ADSs) on the NASDAQ market.
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SYLA Reports First-Half 2023 Financial and Operational Results

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SYLA Technologies Co., Ltd. reported a 15% increase in net revenue and a 109% increase in gross profit for the first half of 2023 compared to the same period in 2022. The number of Rimawari-kun members reached 261,633, a 58% increase from the previous year. The company aims for a 30% equity ratio, a 10% return on sales, and a 30% payout ratio. SYLA also announced an interim dividend of ¥70 per common share and authorized a repurchase program of up to ¥200.0 million of its ADSs. The company plans to double the dividend per share for the full year 2023. SYLA's CEO expressed confidence in the company's growth and highlighted its successful IPO and Nasdaq listing.
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SYLA to Present at the ThinkEquity Conference on October 19th at 9:00 AM ET

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SYLA Technologies Co., Ltd. (NASDAQ: SYT) to attend ThinkEquity Conference on October 19, 2023 in New York.
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SYLA to Present at the H.C. Wainwright 25th Annual Global Investment Conference on September 11, 2023

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SYLA Technologies to present at H.C. Wainwright Conference
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SYLA Technologies Announces Movement of ADS Record Date for Interim Dividend

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SYLA Technologies changes record date for interim dividend payment to September 11, 2023. Trading of ADSs temporarily halted. Interim dividend amount of ¥70 per common share is approximately $0.0048 per ADS. Payment expected in December 2023.
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SYLA Technologies Announces Sale of Condominium Development Site in Shimo-Meguro, Tokyo

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SYLA Technologies subsidiary sells condominium development site in Tokyo
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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 $1.83 as of December 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 46.7M.

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.

Stock SYT logo
SYLA Technologies Co., Ltd. American Depositary Shares

Nasdaq:SYT

SYT Rankings

#4909 Ranked by Market Cap
N/A Ranked by Dividends

SYT Stock Data

46.67M
26.55M
0.04%
0.2%
Software - Application
Technology
Link
United States of America
Tokyo