TOKYO - LogProstyle Inc. (NYSE American: LGPS) announced today that its Board of Directors approved a special cash dividend of $0.022 per share, totaling approximately $519,000.
The dividend will be paid on June 30, 2026, to shareholders of record as of June 1, 2026. The ex-dividend date is also June 1, 2026. This special dividend represents a yield of approximately 3.4% based on the current stock price.
The company stated the dividend will be funded from the remaining unused portion of a previously discontinued share repurchase program. The total dividend amount equals approximately ¥81 million, or ¥3.45 per share, based on an exchange rate of ¥157.01 to $1.00 as of May 11, 2026.
Yasuyuki Nozawa, President and CEO of LogProstyle, said the Board determined that using the remaining unused authorization for a special dividend "represents an efficient and shareholder-focused use of capital, while preserving flexibility to support our long-term growth strategy."
The dividend comes as the company operates with a significant debt burden. According to Bond.az analysis, the stock appears undervalued at current levels. The stock has declined 74% over the past year.
LogProstyle is headquartered in Minato-ku, Tokyo, Japan, and operates businesses in real estate development, hotel management, and restaurant management.
In other recent news, LogProstyle has announced the commencement of a share repurchase program. The board has authorized the buyback of up to 1,086,910 common shares or shares with a total purchase price of $543,455, whichever is lower. This program is set to continue through June 30, 2026.
