LogProstyle Co., Ltd. (NYSE American: LGPS, headquartered in Minato-ku, Tokyo; Representative Director and President: Yasuyuki Nozawa; hereinafter “the Company”) announced today that, as described in the “Notice Regarding Execution of Share Transfer Agreement for Acquisition of Shares of I Flats Co., Ltd.” published on August 27, 2026, it has acquired all (100%) of the issued shares of I Flats Co., Ltd. (headquartered in Osaka City; hereinafter “I Flats”). As a result, I Flats and its wholly owned subsidiary, Land Eye Co., Ltd., have become consolidated subsidiaries of the Company. Details are as follows.
1. Reason for the Share Acquisition
The Company’s group has been engaged in real estate business, primarily in the Tokyo metropolitan area, including the planning and sale of renovated condominiums. Since its establishment in 2001, I Flats has built a regionally rooted business foundation in the Kansai region (centered on Osaka and Kyoto) through entrusted sales of newly built condominiums, renovation sales of used condominiums, and real estate leasing. Through this share acquisition, the Company’s group will gain a foothold to fully deploy its business model cultivated in the Tokyo area into the Kansai region, thereby expanding its business area and revenue base. The current management team of I Flats will continue to manage the company, ensuring continuity of operations while creating synergies with the Company’s group.
2. Comment from Representative Director and President Yasuyuki Nozawa
“We are very pleased to officially welcome I Flats into our group. This is an important step in our strategy to expand our business beyond the Tokyo metropolitan area. Together with I Flats’ experienced management team, we will accelerate growth in the Kansai market and deliver long-term value to our shareholders.”
3. Overview of the Subsidiary that Changed
Name: I Flats Co., Ltd. Representative: Representative Director Toshihide Suzuki Location: 5th Floor, Yodoyabashi Toda Building, 3-2-4 Fushimimachi, Chuo-ku, Osaka City, Osaka Prefecture Business Description: Real estate company engaged in entrusted sales of newly built condominiums, renovation sales of used condominiums, and real estate leasing (real estate brokerage business) Wholly Owned Subsidiary: Land Eye Co., Ltd.
4. Date of Share Acquisition
September 28, 2026
5. Number of Shares Acquired and Status of Share Ownership Before and After Acquisition
Number of shares owned before change: 0 shares (voting rights ratio: 0.0%) Number of shares acquired: 3,800 shares Number of shares owned after change: 3,800 shares (voting rights ratio: 100.0%)
Forward-Looking Statements Disclaimer:
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding expected synergies and business development from this share acquisition, post-acquisition integration and business operations, business expansion in the Kansai region, and future financial performance.
These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed or implied. These risks and uncertainties include, but are not limited to, general economic conditions, changes in market conditions, the possibility that expected synergies may not be realized, the possibility that integration of the acquired business may not proceed as planned, and other factors described in the Company’s filings with the U.S. Securities and Exchange Commission (SEC), including the risks described in the Company’s Annual Report on Form 20-F filed with the SEC on July 13, 2026.
Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise these statements to reflect subsequent events or changes in circumstances, except as required by applicable law.
References to the Company’s website in this press release are for convenience only, and the information on the website is not incorporated into this press release.
About LogProstyle Co., Ltd.
The Company is engaged in a wide range of businesses, including real estate development, hotel management, and restaurant management. With the slogan “redefine life style,” it aims to provide innovative and sustainable lifestyles through various projects.
Additionally, the Company is the first Japanese unlisted company to directly list its common stock (not ADRs) on the NYSE American.
Inquiries regarding this matter:
LogProstyle Co., Ltd. IR Contact: ir@logprostyle.co.jp Alphaterra Advisory: takuo.katayama@alphaterraadvisory.com
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- Source: PR TIMES
- Category: News