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Investing.com -- LogProstyle Inc. (NYSE:LGPS) stock soared 105% after the Tokyo-based real estate renovation and hotel management company reported substantial revenue and profit growth for fiscal year 2025 ended March 31.
The company posted total revenue of ¥20.7 billion ($138 million), representing a 46% increase from ¥14.1 billion in the prior year. Net income surged 133% to ¥754 million ($5 million) compared to ¥324 million in fiscal 2024, while earnings per share more than doubled to ¥34.76 from ¥15.37.
LogProstyle’s property sales nearly doubled to 187 units during fiscal 2025, up from 98 units in the previous year. New condominium development units saw significant growth, increasing to 102 from 40 units, while renovated condominium sales held steady at 40 units.
Real estate revenue, which forms the core of the company’s business, reached ¥18.8 billion ($126 million), marking a 52% YoY increase. The hotel segment also performed well with revenue growing 20% to ¥1.2 billion ($8 million), driven by improved occupancy rates of 74.7% compared to 70.8% in the previous year, despite a 13% decline in average daily rates to ¥20,000.
Operating income grew 43% to ¥1.3 billion ($9 million) while maintaining an operating margin of 6.5%.
The company’s board approved a cash dividend of $0.023 per share, totaling $543,000, payable August 5 to shareholders of record as of July 7. Additionally, LogProstyle announced a share repurchase program authorizing the purchase of up to 1,086,910 common shares for a maximum aggregate cost of $543,455 between July 1, 2025 and June 30, 2026.
As part of its international expansion strategy, LogProstyle established new subsidiaries in Las Vegas and Dubai during the fiscal year. The company currently operates four hotels with 210 rooms as of March 31, 2025.
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