LogProstyle Announces Special Cash Dividend
In a noteworthy announcement, LogProstyle, a leading Japanese firm listed on the NYSE American under the ticker LGPS, revealed today that it will be distributing a special cash dividend of $519,000. This dividend amounts to $0.022 per share and is set to be paid out on June 30, 2026.
The decision was formalized during a board meeting held on May 15, 2026, utilizing the remaining balance from its unused stock repurchase program as the source of funding for this distribution. The eligible shareholders are those recorded on the stockholder registry as of June 1, 2026, marking the ex-dividend date, which coincides with the record date.
Payment Notification
Shareholders should note that the payment date for this dividend is June 30, 2026, and funds will be accessible to investors via their respective financial institutions shortly afterward, potentially varying by a few business days based on processing schedules.
Adding to this announcement, LogProstyle has specified that a withholding tax of 15.315% will be applied to the dividend payments. However, for shareholders receiving these dividends through domestic securities companies, the company has no withholding obligation.
For shareholders in Japan and domestic corporations exempt from withholding, a refund application will be necessary. This process ensures that eligible individuals can retrieve the deducted tax amount, maintaining fairness amid taxation layers. The required documentation for the refund application includes:
1. A refund application form, which can be obtained through
this link
2. A tax statement issued by their respective securities company.
Those needing to submit documents can send them to:
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Address: 1-2-3 Kita-Aoyama, Minato-ku, Tokyo, 107-0061, Japan
Attn: Accounting Department, LogProstyle Co., Ltd.
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Or via email to:
[email protected]
Future Outlook Disclaimer
LogProstyle's press release includes forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. This incorporates the company’s capital allocation strategies, special dividend payments, and their corresponding timelines. Such statements are predicated on current expectations and assumptions, yet actual outcomes could significantly differ due to various risks and uncertainties present, including changing tax regulations, economic conditions, market environments, and other factors outlined in the company’s annual Form 20-F filed with the SEC.
Forward-looking statements only reflect information as of their respective dates and the company is not obligated to update or modify these based on future developments, except as required by applicable law.
Company Overview
LogProstyle Co., Ltd. is a multifaceted company engaged in real estate development, hotel management, and restaurant operations among other ventures. Under its slogan 'redefine life style', it strives to provide innovative and sustainable lifestyle offerings through diverse projects. Notably, it has the distinction of being the first unlisted Japanese company to achieve a direct listing of its common shares on the NYSE American rather than through American Depository Receipts (ADRs).
Website:
LogProstyle Official Site
Contact Information
For more inquiries regarding this announcement, please reach out to LogProstyle at:
[email protected] or Alphaterra Advisory at:
[email protected].