LogProstyle Announces Tax Refund Process for Dividend Payments to Shareholders

In a recent announcement, LogProstyle Inc. (NYSE American: LGPS), headquartered in Minato, Tokyo, under the leadership of President Yasuyuki Nozawa, revealed essential information regarding cash dividends and the refund process for Japanese withholding income tax applicable to non-resident shareholders. This communication outlines the specifics regarding the eligibility for refunds and the necessary steps shareholders need to take to reclaim withheld taxes.

Summary of Dividend Payment

The important dates for the dividend payment are as follows:

- Dividend Record Date: July 7, 2025
- Expected Payment Date: August 5, 2025
- Dividend Amount per Share: $0.023

As part of this dividend payment, LogProstyle will withhold income tax at the appropriate Japanese maximum tax rate of 20.42% and submit this to the tax authorities. However, as this marks the first dividend payment since the company was listed on NYSE American, inquiries regarding withholding obligations were made to the respective tax office and National Tax Agency.

Withholding Tax Rates

In response to these inquiries, the company has received clarifications on the withholding tax rates for different categories of shareholders:

- For non-residents and foreign corporations: 15.315%
- For major shareholders (individuals): 20.42%
- For other shareholders: 0% (the company does not have withholding obligations)

Additionally, shareholders receiving dividends through domestic securities companies will not fall under LogProstyle's withholding tax obligations, simplifying the process for many.

Refund Claims Procedure

Following these clarifications, LogProstyle intends to file for a refund with the tax authority for the difference between the tax withheld and the appropriate withholding amount determined. Shareholders will then need to engage in the refund process outlined below:

Required Documents for the Refund Application

1. Refund Application Form: This can be obtained through the provided URLs:
- Domestic Application (Japanese)
- International Application (English)
2. Dividend Calculation Statement: This must be provided by your securities company.

Shareholders are asked to send their applications and required documents to the following address or email:

Mailing Address:
Zip Code 107-0061, Aoyama Building 13F,
1-2-3 Kita-Aoyama, Minato, Tokyo,
Attn: Management Department, LogProstyle Inc.

Email: [email protected]

Forward-Looking Statements Disclaimer

This press release contains forward-looking statements, as defined by the Private Securities Litigation Reform Act of 1995. Such statements reflect current expectations, assumptions, and projections concerning potential tax refunds, procedures, and eligibility of shareholders. Actual results could significantly differ due to various risks and uncertainties, including changes in tax treatment guidelines, regulatory changes, and other factors outlined in the company's SEC filings.

The information contained in this press release reflects the views as of the date it was made and should not be updated unless required by applicable law.

About LogProstyle Inc.

LogProstyle Inc. is engaged in diverse industries, including real estate development, hotel management, and restaurant operations. Guided by the motto to 'redefine lifestyle,' the company strives to offer innovative and sustainable lifestyle solutions through various projects. Distinctively, LogProstyle is the first unlisted company in Japan to directly list ordinary shares on NYSE American, rather than using American Depositary Receipts (ADRs).

For inquiries regarding this information, please contact:
LogProstyle Investor Relations: [email protected]
Hayden IR, Corbin Woodhull: [email protected]