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

Rhea-AI Summary

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.

Insights

Financial Analyst

The announcement by SYLA Technologies Co., Ltd. regarding the Gross Merchandise Value (GMV) exceeding five billion yen on its Rimawari-kun platform is indicative of robust growth within the niche sector of real estate crowd-funding. The GMV is a critical metric that reflects the total sales volume transacted through the platform and serves as a barometer for the platform's scale and market penetration. Achieving this milestone in a relatively short period underscores the platform's strong adoption rate and market demand for alternative real estate investment opportunities.

The fact that 17 out of 64 projects have been successfully redeemed without any loss of principal is particularly noteworthy for investors. This track record could potentially signal a lower risk profile for investments made through the platform, although it is essential to consider the broader economic conditions and real estate market trends that may impact future performance. The company's focus on enhancing and innovating its services, coupled with its commitment to social contribution and regional development, may further solidify investor confidence and support sustained growth.

Industry Analyst

SYLA's achievement in the real estate crowd-funding market is significant, considering the competitive landscape and regulatory environment of financial technology in Japan. The company's sustained leadership over two years suggests a strong value proposition and operational excellence. The emphasis on 'social contribution, regional development and supporting individuals' aligns with global trends towards socially responsible investing (SRI) and could attract a demographic of investors interested in impact investing.

Moreover, the company's strategic focus on service expansion to meet customer needs may indicate adaptability and a customer-centric approach, essential for long-term success in the fintech sector. It is important for stakeholders to monitor how SYLA manages growth while maintaining service quality and adhering to regulatory compliance, as these factors will be crucial in determining the platform's resilience and future potential.

Real Estate Investment Expert

The rapid accumulation of GMV on SYLA's Rimawari-kun platform is a testament to the effectiveness of crowd-funding as a mechanism for democratizing access to real estate investments. By pooling resources from a large number of investors, the platform enables participation in projects that would typically be out of reach for individual investors. The successful redemption of projects without principal loss is an encouraging sign of the platform's due diligence and project selection criteria.

However, it is critical for potential investors to understand that past performance is not indicative of future results and crowd-funded real estate investments carry inherent risks, including liquidity concerns and market volatility. The platform's continued growth and service enhancements should be assessed in the context of these risks. Observing how SYLA navigates these challenges will be crucial for evaluating the platform's long-term viability and the sustainability of its business model.

TOKYO, Dec. 22, 2023 (GLOBE NEWSWIRE) -- SYLA Technologies Co., Ltd. (“SYLA” or “the Company”), operator of the largest membership real estate crowd-funding platform in Japan, Rimawari-kun, today announced that its platform’s total real estate Gross Merchandise Value (“GMV”) surpassed five billion yen.

As of June 2023, Rimawari-kun has maintained its position as the leading membership real estate crowd-funding platform in Japan for two consecutive years. currently tallying over 279,000 members. Furthermore, the GMV has reached five billion yen within two and a half years since its establishment in June 2021. Notably, 17 out of 64 projects funded by Rimawari-kun have been successfully redeemed, all without any loss of principal.

SYLA remains steadfast in its commitment to proactively enhance and innovate the Rimawari-kun services, with the goal of increasing accessibility to real estate investments through its unique projects. Simultaneously, SYLA is dedicated to expanding its service offerings to align with customer needs, emphasizing the fundamental principle of "social contribution, regional development, and supporting individuals in pursuing their dreams and challenges.”

About Rimawari-kun
*Rimawari-kun is the largest membership real estate crowd-funding service in Japan. Embracing the idea of “support in a new form,” Rimawari-kun stands as an innovative real estate crowd-funding platform that enables individuals to invest as little as 10,000 yen per unit in real estate projects that actively contribute to societal well-being, revitalization of local communities, and supporting individuals in pursuing their dreams and challenges. Additional information is available at https://rimawarikun.com/

*FY6/2023_Market Survey of Real Estate Crowdfunding Service Member Registrations Research organization: Japan Marketing Research Organization

About SYLA Technologies Co., Ltd.
Headquartered in Tokyo, Japan, SYLA Technologies Co., Ltd. (NASDAQ: SYT) (“SYLA” or “the Company”) owns and operates the largest membership real estate crowd-funding platform in Japan, Rimawari-kun, which targets individuals, corporate and institutional investors, as well as high net worth individuals. SYLA’s mission is to democratize real estate investment around the world through technology and asset management through the Rimawari-kun platform. SYLA is engaged in the overall investment condominium business, including planning, development, construction, sales, rental management, building management, repair work, and the sale of properties. Additional information about the Company’s products and services is available at https://syla-tech.jp/en.

Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, the Company is using forward-looking statements when it discusses the expected gross proceeds and the closing of the offering. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s annual report on Form 20-F, filed with the SEC on April 18, 2023. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.

Contact Information
SYLA Technologies Investor Relations Contact:
Gateway Group, Inc.
John Yi and Steven Shinmachi
SYLA@gateway-grp.com
(949) 574-3860

SYLA Technologies Company Contact:
Hajime Sugino
Head of SYLA USA
h_sugino@syla.jp

FAQ

What is the total real estate Gross Merchandise Value (GMV) achieved by SYLA Technologies Co., Ltd. (SYLA) through its platform Rimawari-kun?

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.

How many members does Rimawari-kun, the real estate crowd-funding platform of SYLA Technologies Co., Ltd. (SYLA), have?

Rimawari-kun has over 279,000 members, maintaining its position as the leading membership real estate crowd-funding platform in Japan for two consecutive years.

How many projects funded by Rimawari-kun have been successfully redeemed without any loss of principal?

17 out of 64 projects funded by Rimawari-kun have been successfully redeemed, all without any loss of principal.

What is SYLA Technologies Co., Ltd. (SYLA) committed to in relation to its Rimawari-kun services?

SYLA is committed to enhancing and innovating Rimawari-kun services and expanding its offerings to align with customer needs.