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TOKYO - LogProstyle Inc. (NYSE American:LGPS) announced Monday that its Board of Directors has approved a share repurchase program authorizing the buyback of up to 1,086,910 common shares. The announcement comes as the company’s stock trades near $0.84, down over 83% year-to-date and close to its 52-week low of $0.76.
The Tokyo-based company said the program has a maximum aggregate purchase price of $543,455 and will run from July 1, 2025, through June 30, 2026. The repurchases will be executed through open market acquisitions on the NYSE American exchange.
In its press release statement, LogProstyle described the repurchase program as reflecting the company’s "commitment to disciplined capital allocation and priority of returning value to shareholders."
LogProstyle operates across multiple business segments including real estate development, hotel management, and restaurant management. The company claims to be the first unlisted Japanese company to list its Japanese common shares directly on a major United States stock exchange rather than through American Depositary Receipts.
The announcement comes the same day the company filed its annual report on Form 20-F with the U.S. Securities and Exchange Commission.
In other recent news, LogProstyle Inc. reported a significant 46% increase in total revenue for the fiscal year ending March 31, 2025, reaching ¥20.65 billion ($138 million). The real estate segment, a major contributor to this growth, saw a 52% rise in revenue, driven by a 73% increase in units sold. Hotel revenue also increased by 20%, aided by improved occupancy rates. Net income for the company more than doubled to ¥754 million ($5 million), with earnings per share rising to ¥34.76 ($0.23). A dividend of $0.023 per share was approved and is set to be paid on August 5 to shareholders of record as of July 7. At their Annual General Meeting, LogProstyle shareholders approved all proposals, including electing ten directors and establishing a Performance Share Plan. Additionally, the company has expanded its international presence by establishing a U.S. subsidiary in Las Vegas and signing a Memorandum of Association with the Dubai Department of Economy and Tourism. LogProstyle’s equity ratio also improved to 15.6%, indicating a stronger financial position.
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