SYLA Technologies Co., Ltd. ADR (SYT) has released an update.
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SYLA Technologies Co., Ltd., the operator of Japan’s largest real estate crowdfunding platform, has revised its financial guidance for 2024 upwards, forecasting revenues of ¥29 billion and a significant increase in income from operations to ¥1.8 billion. The company attributes this optimistic outlook to better-than-expected performance in its real estate business and projects higher income from new projects and land sales. Additionally, the year-end dividend forecast has been significantly increased to ¥450 per share, reflecting the company’s strong commitment to shareholder returns.
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