Welcome to our dedicated page for SYLA Technologies Co., Ltd. news (Ticker: $SYT), a resource for investors and traders seeking the latest updates and insights on SYLA Technologies Co., Ltd. stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect SYLA Technologies Co., Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of SYLA Technologies Co., Ltd.'s position in the market.
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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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End-of-Day
-0.49%
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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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-2.13%
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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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-15.77%
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Rhea-AI Summary
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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Rhea-AI Sentiment
End-of-Day
33.81%
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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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Rhea-AI Sentiment
End-of-Day
-0.96%
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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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-1.83%
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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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Rhea-AI Sentiment
End-of-Day
4.75%
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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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End-of-Day
2.76%
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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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Rhea-AI Sentiment
End-of-Day
-0.26%
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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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Rhea-AI Sentiment
End-of-Day
17.35%
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SYLA Technologies Co., Ltd.