LogProstyle shareholders approve $0.023 per share cash dividend

TOKYO - LogProstyle Inc. (NYSE American:LGPS) announced that shareholders approved all matters presented at its Annual General Meeting (AGM) held on June 30, 2025, including a cash dividend of $0.023 per share. The company, currently trading at $0.84 per share, shows mixed signals according to InvestingPro analysis, with a Fair Value suggesting the stock is fairly priced.

The total dividend amounts to $543,454 and will be payable on August 5, 2025, to shareholders of record at the close of business on July 7, 2025, which is also the ex-dividend date.

The AGM saw participation from 79.17% of eligible voting shareholders, representing 18,724,644 shares either in person or by proxy.

Shareholders also approved the company’s non-consolidated financial statements for the fiscal year ending March 31, 2025, amendments to the Articles of Incorporation, and the election of ten directors. Additionally, KSM & Partners Audit Corporation was elected as the company’s accounting auditor.

Another approved measure was the establishment of a Performance Share Plan with Post-Vesting Delivery and approval of remuneration for directors (excluding independent directors), executive officers, and directors of subsidiaries.

LogProstyle, headquartered in Tokyo, operates in real estate development, hotel management, and restaurant management. The company was the first unlisted Japanese company to directly list its common shares on a major U.S. stock exchange rather than through American Depositary Receipts.

The company stated in its press release that the dividend approval reflects its "commitment to disciplined capital allocation and continuous focus on delivering long-term sustainable growth."

In other recent news, LogProstyle Inc. reported a significant 46% revenue increase for the fiscal year ending March 31, 2025, reaching ¥20.65 billion ($138 million). The company’s real estate segment, which is its largest, saw a 52% rise in revenue, driven by a 73% increase in units sold. Net income more than doubled to ¥754 million ($5 million), with earnings per share rising to ¥34.76 ($0.23). Shareholders approved a cash dividend of $0.023 per share, payable on August 5, 2025. Additionally, the company announced a share repurchase program with a maximum purchase price of $543,455, set to run through June 30, 2026. At its Annual General Meeting, LogProstyle’s shareholders approved all proposals, including the election of ten directors and the establishment of a Performance Share Plan. The company also noted an improved equity ratio, reflecting a stronger financial position. These developments highlight LogProstyle’s ongoing efforts to enhance shareholder value and expand its international presence.

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