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TOKYO - LogProstyle Inc. (NYSE American:LGPS), a prominent player in Japan’s real estate management sector with a market capitalization of $21 million, announced on Monday that it has entered into a shareholders’ agreement with Australia-based Inmark Global Pty Ltd. to establish a joint venture company called Inmark LogProstyle Co., Ltd. According to InvestingPro analysis, the company appears undervalued at its current trading price.
Under the agreement signed on July 28, Inmark will hold a 51% stake in the joint venture, while LogProstyle will own the remaining 49%. The new entity plans to focus on originating, acquiring, financing, developing, managing and enhancing real estate investment assets across Japan, with particular emphasis on the multi-family real estate sector.
Yasuyuki Nozawa, Representative Director, President and CEO of LogProstyle, stated that the company will take the lead in management and operations in Japan as part of the partnership.
The joint venture aims to strengthen LogProstyle’s position in the rental apartment development business within the Japanese real estate market, according to the company’s press release statement.
LogProstyle, headquartered in Tokyo, operates across various businesses including real estate development, hotel management, and restaurant management. The company became the first unlisted Japanese company to directly list its common shares on a major United States stock exchange. Recent financial data from InvestingPro shows the company maintains healthy financials with a current ratio of 2.08 and achieved revenue growth of 46% in the last twelve months.
Inmark, established in 2006, is an independent real estate funds and asset management company based in Sydney, Australia, with operations in Korea. The company and its affiliates have reportedly invested or managed approximately $3.7 billion in real estate transactions across multiple regions including Australia, Korea, Europe, the US, and Asia. LogProstyle’s stock has experienced significant volatility recently, with InvestingPro identifying 14 additional key investment insights available to subscribers, including detailed valuation metrics and growth prospects.
In other recent news, LogProstyle Inc. reported significant financial results for the fiscal year 2025, with a 46% increase in total revenue to ¥20.7 billion ($138 million) and a remarkable 133% surge in net income to ¥754 million ($5 million). The company’s earnings per share more than doubled during this period. Shareholders of LogProstyle have approved a cash dividend of $0.023 per share, totaling $543,454, which will be distributed on August 5, 2025. Additionally, the company announced a share repurchase program, authorizing the buyback of up to 1,086,910 common shares with a maximum aggregate purchase price of $543,455.
The repurchase program is set to run from July 1, 2025, through June 30, 2026. At the Annual General Meeting, shareholders approved all matters, including the election of ten directors to one-year terms, with five being independent. The company’s real estate segment experienced a 52% revenue increase, driven by a 73% rise in units sold, totaling 187 units for the year. LogProstyle’s strategic initiatives and robust financial performance highlight its ongoing growth and shareholder value enhancement efforts.
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