LogProstyle ends share buyback program, considers special dividend

LogProstyle Inc. (NYSE American: LGPS) announced it has discontinued its share repurchase program and is considering a special cash dividend funded by the remaining unused portion of the authorized share repurchase amount.

The Tokyo-based company, which operates in real estate development, hotel management, and restaurant management, said it ended the buyback program after evaluating its progress and current market conditions to pursue a more effective capital policy.

The board of directors will make a final decision on any special dividend at a meeting scheduled for May 15, 2026. Any dividend declaration requires approval of the company's audited financial statements for the year ended March 31, 2026 by the Japanese statutory auditor.

"We continuously evaluate our capital allocation approach to best support long-term value creation," said Yasuyuki Nozawa, representative director, president and CEO. "This initiative involves considering the potential reallocation of the remaining unused portion of our authorized share repurchase amount toward a special dividend, while maintaining flexibility in our financial strategy and strengthening shareholder returns."

The company stated there is no assurance the board will declare a dividend or regarding the amount or timing if declared. Future dividend declarations depend on factors including financial condition, earnings, capital requirements, debt covenants, and regulatory constraints.

LogProstyle will announce further details about any special dividend, including amount, record date, and payment date, following board determination. The company noted it was the first unlisted Japanese company to list its common shares directly on a major U.S. stock exchange rather than through American Depositary Receipts.

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