SYLA Technologies Announces Upward Revision of 2024 Full Year Financial Guidance
SYLA Technologies has announced an upward revision of its 2024 full-year financial guidance. The company projects revenues of ¥29 billion, up 0.8% from previous guidance, and income from operations of ¥1.8 billion, a significant 194.6% increase from earlier forecasts. The strong performance is attributed to exceeding expectations in real estate operations and anticipated project transfers.
Additionally, SYLA has revised its year-end dividend forecast from ¥180 to ¥450 per share. Combined with the interim dividend of ¥100, the total annual dividend is expected to reach ¥550 per share, reflecting the company's commitment to a 30% dividend payout ratio.
SYLA Technologies ha annunciato una revisione al rialzo delle sue previsioni finanziarie per l'intero anno 2024. L'azienda prevede ricavi per ¥29 miliardi, in aumento dello 0,8% rispetto alle previsioni precedenti, e utili operativi di ¥1,8 miliardi, un notevole incremento del 194,6% rispetto alle stime precedenti. Le buone performance sono attribuite al superamento delle aspettative nelle operazioni immobiliari e ai trasferimenti di progetti previsti.
Inoltre, SYLA ha rivisto le sue previsioni di dividendo di fine anno da ¥180 a ¥450 per azione. Combinato con il dividendo intermedio di ¥100, il dividendo annuale totale dovrebbe raggiungere ¥550 per azione, riflettendo l'impegno dell'azienda a mantenere un rapporto di distribuzione dei dividendi del 30%.
SYLA Technologies ha anunciado una revisión al alza de sus pronósticos financieros para todo el año 2024. La empresa proyecta ingresos de ¥29 mil millones, un incremento del 0.8% respecto a las previsiones anteriores, y ingresos operativos de ¥1.8 mil millones, un notable aumento del 194.6% en comparación con las proyecciones anteriores. Este sólido desempeño se atribuye al cumplimiento de expectativas en operaciones inmobiliarias y a la anticipación de transferencias de proyectos.
Además, SYLA ha revisado su pronóstico de dividendo al cierre del año de ¥180 a ¥450 por acción. Combinado con el dividendo interino de ¥100, se espera que el dividendo anual total alcance ¥550 por acción, lo que refleja el compromiso de la empresa con una tasa de distribución de dividendos del 30%.
SYLA Technologies는 2024년 전체 재무 가이드를 상향 수정했다고 발표했습니다. 회사는 매출 290억 엔을 예상하며, 이는 이전 가이드보다 0.8% 증가한 수치입니다. 또한 영업 이익은 18억 엔으로, 이전 예측보다 194.6% 증가한 수치입니다. 이러한 강력한 성과는 부동산 운영에서의 기대치를 초과 달성한 것과 예정된 프로젝트 이전에 기인합니다.
추가로, SYLA는 연말 배당금 예측을 주당 ¥180에서 ¥450으로 수정했습니다. 중간 배당금 ¥100을 합치면, 총 연간 배당금은 주당 ¥550에 이를 것으로 예상되며, 이는 회사의 30% 배당금 지급 비율에 대한 의지를 반영합니다.
SYLA Technologies a annoncé une révision à la hausse de ses prévisions financières pour l'année 2024. La société prévoit des revenus de ¥29 milliards, en hausse de 0,8 % par rapport aux prévisions antérieures, et un bénéfice d'exploitation de ¥1,8 milliard, soit une augmentation significative de 194,6 % par rapport aux prévisions précédentes. Cette solide performance est attribuée au dépassement des attentes dans les opérations immobilières et aux transferts de projets attendus.
De plus, SYLA a révisé son objectif de dividende de fin d'année de ¥180 à ¥450 par action. Combiné avec le dividende intermédiaire de ¥100, le dividende annuel total devrait atteindre ¥550 par action, ce qui reflète l'engagement de l'entreprise à un taux de distribution de dividendes de 30 %.
SYLA Technologies hat eine positive Anpassung seiner finanziellen Prognosen für das Gesamtjahr 2024 angekündigt. Das Unternehmen projiziert Einnahmen von ¥29 Milliarden, was einem Anstieg von 0,8% im Vergleich zur vorherigen Prognose entspricht, sowie Betriebsgewinne von ¥1,8 Milliarden, was einer signifikanten Steigerung von 194,6% im Vergleich zu früheren Schätzungen entspricht. Die starke Leistung wird auf das Übertreffen der Erwartungen im Immobiliengeschäft und die erwarteten Projektübertragungen zurückgeführt.
Zusätzlich hat SYLA seine Jahresenddividendenprognose von ¥180 auf ¥450 pro Aktie angehoben. Zusammen mit der Zwischenvergütung von ¥100 wird die gesamte Jahresdividende voraussichtlich ¥550 pro Aktie erreichen, was das Engagement des Unternehmens für eine Ausschüttungsquote von 30% widerspiegelt.
- Income from operations forecast increased by 194.6% to ¥1.8 billion
- Revenue guidance raised to ¥29 billion, up 0.8%
- Year-end dividend increased by ¥270 to ¥450 per share
- Total annual dividend raised to ¥550 per share from ¥280
- None.
Insights
The substantial upward revision in SYLA's guidance represents significant operational momentum. The
The company's real estate crowdfunding platform appears to be gaining traction, driving better-than-expected first-half performance. The
Income from Continuing Operations and Year-End Dividend Forecast Revised Upward
TOKYO, Nov. 20, 2024 (GLOBE NEWSWIRE) -- SYLA Technologies Co., Ltd. (“SYLA” or “the Company”), operator of the largest membership real estate crowd-funding platform in Japan, Rimawari-kun, announced that its Board of Directors resolved on November 19, 2024, to revise the full-year financial guidance for the fiscal year ending December 31, 2024, originally released on January 25, 2024. The details are as follows.
(1) Updated Financial Guidance for Full Year 2024
| (Unit: Million yen) | ||
| Revenues | Income from Operations | |
| Previous Guidance (A) Announced on January 25, 2024 | 27,500 – 30,000 | 750 – 1,100 |
| Updated Guidance (B) | 29,000 | 1,800 |
| Change (B-A*) *Average | +250 | +875 |
| Change (%) | ||
| (Reference) FY2023 Results | 22,743 | 1,441 |
Reasons for Revision
This revision reflects performance in the real estate business and income from operations in the first half of the fiscal year that exceeded expectations. Additionally, the anticipated transfer of newly completed projects and land sales in the second half are expected to further increase income from operations.
As a result, revenue is projected to reach
(2) Year-end Dividend Forecast for FY2024 (Dividend per Share / 1 Share = 100 ADSs)
| (Unit: Yen) | |||
| Interim Dividend | Year-end Dividend | Total Annual Dividend | |
| Previous Guidance (A) Announced on August 20, 2024 | 100.00 | 180.00 | 280.00 |
| Updated Guidance (B) | 100.00 | 450.00 | 550.00 |
| Change (B-A) | +0.00 | + 270.00 | +270.00 |
| (Reference) FY2023 Dividend | 70.00 | 180.00 | 250.00 |
Reasons for Revision
The Company considers returning profits to shareholders as an important management priority and follows a basic policy of paying appropriate dividends aligned with business performance. In line with this policy, the Company targets a dividend payout ratio of
In the press release titled “SYLA Technologies Announces Interim Dividend of
*Forecasts and other forward-looking statements contained in this document are based on information currently available to the Group and on assumptions deemed reasonable, but there is no guarantee that they will be achieved. Please note that actual results may differ significantly from forecasts due to a variety of factors.
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 May 15, 2024. 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 Company Contact
Takeshi Fuchiwaki
Director, Chief Growth Officer
irpr@syla.jp
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