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LogProstyle Inc. reports developments tied to its Japanese real estate, ryokan, hotel and restaurant management businesses. The company’s operating updates cover condominium renovation and resale, new real estate development projects, land acquisitions for hotel expansion, and Machinaka Ryokan properties in Tokyo, Yokohama and Okinawa.
Recurring corporate news for LGPS also includes financial results, capital allocation actions such as dividends and share repurchase programs, annual general meeting outcomes, governance approvals, and securities-market access arrangements. Company announcements may also address material real estate investment agreements and other actions connected to its public listing on NYSE American.
LogProstyle (NYSE American: LGPS) declared a special cash dividend totaling US$519 thousand, or US$0.022 per share (about JPY81 million, JPY3.45 per share). The dividend, funded from the unused portion of a discontinued share repurchase program, is payable June 30, 2026 to shareholders of record on June 1, 2026, which is also the ex-dividend date.
LogProstyle (NYSE American: LGPS) announced on April 7, 2026 that it has discontinued its share repurchase program and is considering a special cash dividend funded by the unused portion of the authorized repurchase amount.
The Board expects to decide on any special dividend at its May 15, 2026 meeting; declaration is subject to approval of audited financial statements for the year ended March 31, 2026. The company cautioned there is no assurance a dividend will be declared, and any dividend remains at the Board's sole discretion and dependent on financial, legal, and regulatory factors.
LogProstyle (NYSE American: LGPS) commenced its previously announced share repurchase program on March 9, 2026. The Board authorized repurchases through June 30, 2026 of up to the lesser of 1,086,910 shares or US$543,455.
Repurchases will be made in open market transactions on the NYSE American and may be executed under Rule 10b-18 or a Rule 10b5-1 trading plan; the company is under no obligation to repurchase any specific amount and may suspend or modify the program.
LogProstyle (NYSE American: LGPS) announced it will process refunds of excess Japanese withholding income tax withheld on a previous cash dividend. Key dividend details: Record Date July 7, 2025; Payment Date August 5, 2025; Dividend per share US$0.023.
The company withheld tax at 20.42% and remitted it to Japanese authorities. Guidance from the tax office and National Tax Agency indicates applicable rates of 15.315% for non-residents/foreign corporations, 20.42% for large individual shareholders, and 0% for other shareholders. LogProstyle will apply for refunds and will return any approved differences to eligible shareholders upon tax authority approval and receipt of required documentation.
LogProstyle (NYSE: LGPS) reported first half fiscal 2026 results for the six months ended September 30, 2025. Total revenue was ¥10,324 million (US$69.8M), down ~2% year-over-year. Gross profit rose 25% to ¥2,196 million with gross margin expanding to 21.3% (+463 bps). Operating income increased 31% to ¥884 million and net income rose 34% to ¥494 million. EBITDA was ¥927 million (+28%). Hotel revenue improved 10.7% with occupancy up to 70.8%. Cash and cash equivalents declined to ¥1,161 million from ¥2,121 million, while long-term loans increased to ¥8,010.7 million. Company announced land acquisition for a second Asakusa hotel planned to open October 2028.
LogProstyle (NYSE American: LGPS) acquired land in Asakusa, Tokyo for its second Prostyle Ryokan in the neighborhood, expanding the company's footprint to five hotels in Japan.
The site is approximately 280.88 m², located within 300 meters of the existing Prostyle Ryokan Tokyo Asakusa, and is planned as a 10‑story building with 36 rooms. Management targets a higher ADR of ¥45,975 and 72% occupancy for Prostyle Ryokan Tokyo Asakusa II, with construction starting November 2026, expected completion July 2028, and opening October 2028.
LogProstyle (NYSE American: LGPS) has announced a significant expansion of its market accessibility through a new partnership with Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. effective August 2025. This strategic engagement with the core securities company of Mitsubishi UFJ Financial Group aims to enhance the company's share trading capabilities and market presence.
The partnership will facilitate improved access to LogProstyle's shares for both institutional and individual investors globally, supporting the company's mission of driving sustainable growth and creating long-term shareholder value. CEO Yasuyuki Nozawa emphasized the importance of this collaboration with such an established financial institution.
LogProstyle (NYSE American: LGPS) has entered into a strategic joint venture agreement with Inmark Global Pty Ltd. to establish Inmark LogProstyle Co., Ltd. The ownership structure allocates 51% to Inmark and 49% to LogProstyle.
The joint venture will focus on originating, acquiring, financing, developing, managing, operating, and enhancing real estate investment assets across Japan, with a particular emphasis on the multi-family real estate sector. LogProstyle will lead management and operations in Japan, aiming to accelerate its rental apartment development business and strengthen its market position.
LogProstyle (NYSE American: LGPS) has announced a significant share repurchase program approved by its Board of Directors. The program authorizes the repurchase of up to 1,086,910 common shares with a maximum aggregate purchase price of $543,455.
The buyback will be executed through open market acquisitions on the NYSE American between July 1, 2025 and June 30, 2026. This initiative demonstrates LogProstyle's commitment to disciplined capital allocation and prioritizing shareholder value return.
LogProstyle (NYSE American: LGPS) announced the approval of all matters presented at its Annual General Meeting of Shareholders, with 79.17% shareholder participation. The key highlight was the approval of a cash dividend of $0.023 per share, totaling $543,454, payable on August 5, 2025, to shareholders of record as of July 7, 2025.
Additional approved matters included the non-consolidated financial statements for FY2024-2025, amendments to Articles of Incorporation, election of ten Directors, appointment of KSM & Partners Audit Corporation as Accounting Auditor, and establishment of a Performance Share Plan for Directors and Officers.