#Japan #Tokyo #Kansai Region #LogProstyle #iFlats

LogProstyle's Strategic Acquisition of iFlats

In a significant move for its expansion strategy, LogProstyle (NYSE American: LGPS), based in Minato, Tokyo, has entered into a stock transfer agreement with iFlats, headquartered in Osaka, to acquire 100% of its outstanding shares by August 27, 2026. This acquisition will also include iFlats’ wholly-owned subsidiary, Land Eye, further consolidating LogProstyle's presence in the real estate sector. The official acquisition is expected to take place in September 2026, following the fulfillment of certain preconditions.

Rationale Behind the Acquisition

LogProstyle has been actively involved in real estate business activities, particularly focusing on the planning and sale of renovated condominiums, primarily throughout the Tokyo metropolitan area. iFlats, since its inception in 2001, has established itself in the Kansai region, particularly Osaka and Kyoto, specializing in the sale of newly constructed condominiums. The company possesses a strong network and market information cultivated through its extensive dealings with developers, which supports its efforts in the resale of renovated condominiums and real estate leasing, thus building a robust local business foundation.

This acquisition enables LogProstyle to leverage its successful business model in the Kansai region, thus enhancing the geographic and revenue base of the company. The existing management team at iFlats will continue to oversee operations, ensuring business continuity while simultaneously striving for synergy with LogProstyle.

Comments from CEO Taisuke Nozawa

Taisuke Nozawa, President and Chief Executive Officer of LogProstyle, expressed his excitement regarding this acquisition: "iFlats has built a solid reputation and trust in the Kansai region. This is a crucial step for us as we extend our established business model from Tokyo to Kansai, and we are thrilled to welcome them into our family. Moving forward, we will continue to utilize mergers and acquisitions as a vital element of our growth strategy, committed to enhancing our corporate value."

Overview of iFlats and the Acquisition Details

LogProstyle aims not only to expand its footprint but also to integrate a variety of real estate services across Japan. By incorporating iFlats into its portfolio, LogProstyle is set to increase its market share in a region boasting significant growth potential for real estate.

Looking Ahead

This acquisition aligns with LogProstyle's vision of redefining lifestyles through sustainable and innovative projects spanning real estate development, hotel management, and restaurant operations. The company holds a unique position in being the first unlisted Japanese firm to directly list its ordinary shares on NYSE American without the use of American Depository Receipts (ADR).

The release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, detailing expectations regarding the execution of the stock acquisition, the timing thereof, the accomplishment of closing conditions, and anticipated synergies and business expansion arising from this acquisition. These predictions are based on current expectations and assumptions and involve risks and uncertainties that could result in actual outcomes differing materially.

Seeking Information

For more information or inquiries regarding this acquisition, you can reach out to LogProstyle at [email protected] or Alphaterra Advisory at [email protected].

For details about LogProstyle, visit our website.