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SYLA Techs Co (NASDAQ:SYT) Stock, Option Chain

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SYLA Technologies Co

SYLA Technologies Co Ltd is a property technology company. It provides asset management platform systems that facilitate real estate crowd-funding as well as the purchase and sale of real estate.

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Why Arhaus Shares Are Trading Lower By Around 8%? Here Are Other Stocks Moving In Monday&#39;s Mid-Day Session

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Dow Jumps Over 200 Points; Greenbrier Shares Fall After Q3 Results

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SYLA Technologies (NASDAQ: SYT) shares are trading higher on continued momentum Tuesday afternoon. The company recently announced that one is its subsidiaries completed a merger with SYLA Biotech Corporation.

What&#39;s Going On With SYLA Technologies Stock Tuesday?

SYLA Technologies Co., Ltd. - American Depositary Shares

SYLA Technologies Co Ltd

Siyata Mobile Inc

Guidance

SYLA Technologies Updates 2024 Revenue Guidance From ¥27.5M-¥30M To ¥29M

Earnings

SYLA Technologies H1 2024 EPS $(1.59) Up From $(5.18) YoY; Revenue $65.7M Up From $57.9M YoY

SYLA Technologies Co., Ltd.&nbsp;(NASDAQ:<a href="https://www.benzinga.com/stock/SYT#NASDAQ">SYT</a>) ("SYLA" or "the Company"),&nbsp;operator of the largest membership real estate crowd-funding platform in Japan, Rimawari-kun, announced that its Board of Directors meeting on August 16, 2024, resolved that the Company will pay an interim dividend of ¥100 per common share (equivalent to $0.68 per share at August 20 exchange rate of $1.00 = ¥146.47; 1 share = 100 ADRs) with a record date for ADR holders of June 30, 2024, to shareholders.

Dividends

SYLA Technologies Announces Interim Dividend Of ~$0.68 Per Share

Management

SYLA Technologies Appoints Shin Azuma As Chief Financial Officer, Effective August 1, 2024

SYLA Technologies Co., Ltd. (NASDAQ:<a href="https://www.benzinga.com/stock/SYT#NASDAQ">SYT</a>) ("SYLA" or "the Company"),&nbsp;operator of the largest membership real estate crowd-funding platform in Japan, Rimawari-kun, announced that it has entered into a business alliance with Broad Enterprise Co., Ltd. (TSE: 4415) ("Broad Enterprise") for sales cooperation, including service collaboration and mutual referral of prospective clients.

SYLA Technologies And TSE Growth-Listed Broad Enterprise Form A Business Alliance To Boost Profits

SYLA Technologies' Subsidiary SYLA Solar Enters Business Alliance With ABILITY LTD.; Launches Joint Demonstration For Clean Energy Supply Using Solar Power And Hydrogen Cartridges

Shares of Arhaus, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARHS#NASDAQ">ARHS</a>) fell sharply <a href="https://www.benzinga.com/quote/ARHS/analyst-ratings">during Monday's session</a>.
Jefferies analyst Jonathan Matuszewski downgraded Arhaus from Buy to Hold and lowered the price target from $22 to $16.
Arhaus shares dipped 7.9% to $14.55 on Monday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Morphic Holding, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MORF#NASDAQ">MORF</a>) shares jumped 75% to $55.72 after Eli Lilly agreed to buy the company for $57 per share in cash.</li>
<li>Zapp Electric Vehicles Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZAPP#NASDAQ">ZAPP</a>) climbed 71% to $6.97 after jumping around 50% on Friday.</li>
<li>SRIVARU Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVMH#NASDAQ">SVMH</a>) shares climbed 61.3% to $0.2549 after the company announced the deployment of advanced AI tools to manage its lead generation platform.</li>
<li>Inspire Veterinary Partners, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVP#NASDAQ">IVP</a>) shares climbed 47% to $2.1928 after gaining 8% on Friday.</li>
<li>Hywin Holdings Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYW#NASDAQ">HYW</a>) gained 39.5% to $0.4352.</li>
<li>Shapeways Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHPW#NASDAQ">SHPW</a>) climbed 39% to $0.2918 after dipping 22% on Friday.</li>
<li>Myomo, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MYO#NYSE">MYO</a>) gained 32% to $3.80 after the company issued preliminary second-quarter revenue guidance above estimates.</li>
<li>Maxeon Solar Technologies, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAXN#NASDAQ">MAXN</a>) shares rose 31% to $0.3129 after jumping over 38% on Friday.</li>
<li>Virpax Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRPX#NASDAQ">VRPX</a>) climbed 31% to $0.7660 after the company closed a $2.5 million secured loan financing from an institutional investor, enabling the final payment of its litigation settlement.</li>
<li>LL Flooring Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LL#NYSE">LL</a>) surged 20.4% to $0.6789.</li>
<li>Nikola Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKLA#NASDAQ">NKLA</a>) rose 18.5% to $10.65.</li>
<li>Grifols, S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRFS#NASDAQ">GRFS</a>) gained 17.2% to $8.24 after Brookfield confirmed it held exploratory discussions with certain shareholders of the company in relation to a potential joint offer for Grifols&#8217; shares.</li>
<li>Pulse Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLSE#NASDAQ">PLSE</a>) gained 17.2% to $14.13 after the company announced it received the Breakthrough Device Designation from the FDA for its Cardiac Surgery System for the ablation of cardiac tissue for the treatment of atrial fibrillation.</li>
<li>Newegg Commerce, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEGG#NASDAQ">NEGG</a>) climbed 16% to $1.23. Newegg Commerce said the Presale for its tenth annual FantasTech Sales event is now live.</li>
<li>Ocean Power Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#NASDAQ">OPTT</a>) rose 16% to $0.4164 after the company signed a reseller agreement with Survey Equipment Services focused on the provision of OPT&#8217;s unmanned surface vehicles in the US.</li>
<li>Mainz Biomed N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYNZ#NASDAQ">MYNZ</a>) gained 16% to $0.45.</li>
<li>R1 RCM Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCM#NASDAQ">RCM</a>) shares climbed 14.2% to $12.52.</li>
<li>Acelyrin, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLRN#NASDAQ">SLRN</a>) gained 13.6% to $4.60.</li>
<li>NANO Nuclear Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>) shares gained 12.3% to $31.89 after surging 20% on Friday.</li>
<li>IDEAYA Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDYA#NASDAQ">IDYA</a>) shares gained 12.1% to $38.41 after the company announced interim Phase 2 monotherapy expansion data for IDE397 in MTAP-deletion urothelial and lung cancer. Additionally, Mizuho initiated coverage on the stock with an Outperform rating.</li>
<li>SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) rose 11.3% to $27.88 after B of A Securities upgraded the stock from Underperform to Neutral.</li>
<li>Corning Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) gained 9.4% to $42.05 after the company increased its second-quarter core sales guidance.</li>
<li>Dynatronics Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DYNT#NASDAQ">DYNT</a>) shares rose 8.6% to $0.2310 after declining around 8% on Friday.</li>
<li>Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>) rose 4.6% to $21.41. Paramount Global and Skydance Media inked a definitive agreement to create a new entity, "New Paramount," in a $28 billion merger deal.</li>
<li>Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) gained 3.8% to $33.26. Intel has bypassed Vietnam for a substantial investment project, citing insufficient investment incentives.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>HilleVax, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLVX#NASDAQ">HLVX</a>) shares dipped 86.7% to $1.87 after the company announced the NEST-IN1 clinical study did not meet its primary or secondary efficacy endpoints, and the company will discontinue further development of HIL-214 in infants.</li>
<li>Adamas One Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JEWL#NASDAQ">JEWL</a>) shares dipped 83% to $0.3360 after dipping over 20% on Friday.</li>
<li>China Liberal Education Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLEU#NASDAQ">CLEU</a>) shares fell 66.4% to $0.7303 after dipping 24% on Friday.</li>
<li>SYLA Technologies Co., Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYT#NASDAQ">SYT</a>) fell 31.1% to $2.0950.</li>
<li>Chijet Motor Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CJET#NASDAQ">CJET</a>) dipped 28.4% to $5.80.</li>
<li>Ryde Group Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RYDE#NASDAQ">RYDE</a>) declined 22.8% to $6.33.</li>
<li>Koss Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOSS#NASDAQ">KOSS</a>) fell 21% to $10.55.</li>
<li>Wetouch Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WETH#NASDAQ">WETH</a>) fell 19.5% to $2.57. Wetouch Technologies announced a $15 million stock buyback program to repurchase common stock.</li>
<li>Calidi Biotherapeutics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLDI#NYSE">CLDI</a>) declined 19.4% to $0.16</li>
<li>Beneficient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BENF#NASDAQ">BENF</a>) shares fell 15.2% to $4.1050. Beneficient said it will release its fourth quarter financial results before the opening bell on Tuesday, July 9.</li>
<li>ZIM Integrated Shipping Services Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) shares fell 15.1% to $18.77.</li>
<li>Vivakor inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIVK#NASDAQ">VIVK</a>) shares fell 15% to $1.97.</li>
<li>Inventiva S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVA#NYSE">IVA</a>) shares fell 12% to $2.6050 after the company issued an update on its NATiV3 clinical program evaluating lanifibranor in patients with MASH/NASH and its financial position.</li>
<li>Uxin Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UXIN#NASDAQ">UXIN</a>) dipped 11.3% to $1.77 after the company announced a partnership with Zhengzhou Airport Industry for the launch of a new used car superstore.</li>
<li>Sirius XM Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) fell 10.7% to $3.3099.</li>
<li>The Greenbrier Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBX#NYSE">GBX</a>) dipped 10.6% to $43.37 after the company reported worse-than-expected quarterly financial results.</li>
<li>Qualigen Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QLGN#NASDAQ">QLGN</a>) shares declined 7.2% to $0.2599 after jumping 60% on Friday.</li>
<li>Assure Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IONM#NASDAQ">IONM</a>) fell 7% to $0.2943.</li>
<li>Zuora, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZUO#NYSE">ZUO</a>) fell 5.6% to $9.02. Craig-Hallum analyst Chad Bennett downgraded Zuora from Buy to Hold and lowered the price target from $12 to $10.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/07/39667298/this-dominos-analyst-turns-bullish-here-are-top-5-upgrades-for-monday">This Domino&#8217;s Analyst Turns Bullish; Here Are Top 5 Upgrades For Monday</a>

Why Arhaus Shares Are Trading Lower By Around 8%? Here Are Other Stocks Moving In Monday's Mid-Day Session

WIIM

SYLA Technologies shares are trading lower. The company announced a Q2 investor update.

SYLA Technologies Co., Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYT#NASDAQ">SYT</a>) ("SYLA" or "the Company"), operator of the largest membership real estate crowdfunding platform in Japan, Rimawari-kun, published a quarterly investor update for 2nd quarter 2024.
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="2">Key Highlights &nbsp;</td>
</tr>
<tr>
<td colspan="2">Real Estate</td>
</tr>
<tr>
<td>•</td>
<td>Sale of SYFORME SUMIYOSHI II</td>
</tr>
<tr>
<td>•</td>
<td>Excellent Business Award (by Japan Association of Home Suppliers) for SYFORME MOTOMACHI-CHUKAGAI (ZEH-M&#x2A;1 Oriented certified)</td>
</tr>
<tr>
<td>&#x2A;1ZEH-M: net Zero Energy House Mansion</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>•</td>
<td>Completion of the first office building SYLA TOYOCHO</td>
</tr>
<tr>
<td>•</td>
<td>Launched the first joint real estate project with CUMICA</td>
</tr>
<tr>
<td>•</td>
<td>ietty (Online AI rental brokerage service) membership surpassed 400,000</td>
</tr>
<tr>
<td colspan="2">Rimawari-kun (Real Estate Crowdfunding)</td>
</tr>
<tr>
<td>•</td>
<td>7 projects commenced fund raising during 2Q</td>
</tr>
<tr>
<td>•</td>
<td>10 projects originated during 2Q</td>
</tr>
</tbody>
</table>
</figure>
 &nbsp;
<figure class="table"> 
<table>
<tbody>
<tr>
<td>Key Metrics</td>
<td>Mar-24</td>
<td>Jun-24</td>
</tr>
<tr>
<td>Real Estate</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Constructed Buildings, cumulative (#)</td>
<td>84</td>
<td>85</td>
</tr>
<tr>
<td>Managed Buildings (#)</td>
<td>77</td>
<td>78</td>
</tr>
<tr>
<td>Managed Units (#)</td>
<td>3,382</td>
<td>3,420</td>
</tr>
<tr>
<td>Occupancy Rate (%)</td>
<td>99.7%</td>
<td>99.8%</td>
</tr>
<tr>
<td>ietty Membership (#)</td>
<td>400,573</td>
<td>408,555</td>
</tr>
<tr>
<td>Rimawari-kun (Crowdfunding)</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Membership (#)</td>
<td>279,606</td>
<td>279,838</td>
</tr>
<tr>
<td>Projects Originated, cumulative (#)</td>
<td>71</td>
<td>81</td>
</tr>
<tr>
<td>GMV&#x2A;2 (million JPY)</td>
<td>6,844</td>
<td>7,594</td>
</tr>
<tr>
<td colspan="3">&#x2A;2GMV: Gross merchandise value</td>
</tr>
</tbody>
</table>
</figure>
 &nbsp;

SYLA Technologies Issues Q2 2024 Investor Update; Gross Merchandise Value Increased From JPY 6,844 Million To JPY 7,594 Million Quarter-Over-Quarter

U.S. stocks traded higher this morning, with the Dow Jones index gaining around 200 points on Monday.
Following the market opening Monday, the Dow traded up 0.57% to 39,599.54 while the NASDAQ rose 0.09% to 18,368.86. The S&amp;P 500 also rose, gaining, 0.19% to 5,577.53.
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Leading and Lagging Sectors Industrials shares jumped by 0.7% on Monday.
In trading on Monday, materials shares fell by 0.7%.
Top Headline
Shares of The Greenbrier Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBX#NYSE">GBX</a>) fell around 6% on Monday after the company reported worse-than-expected third-quarter financial results.
Greenbrier posted GAAP earnings of $1.06 per share, missing market estimates of $1.15 per share. The company's quarterly sales came in at $820.200 million versus expectations of $928.733 million.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Morphic Holding, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MORF#NASDAQ">MORF</a>) shares shot up 75% to $55.67 after Eli Lilly agreed to buy the company for $57 per share in cash.</li>
<li>Shares of Inspire Veterinary Partners, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVP#NASDAQ">IVP</a>) got a boost, surging 70% to $2.52.</li>
<li>SRIVARU Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVMH#NASDAQ">SVMH</a>) shares were also up, gaining 56% to $0.2464 after the company announced the deployment of advanced AI tools to manage its lead generation platform.</li>
</ul>
Equities Trading DOWN
<ul>
<li>HilleVax, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLVX#NASDAQ">HLVX</a>) shares dropped 86% to $1.88 after the company announced the NEST-IN1 clinical study did not meet its primary or secondary efficacy endpoints, and the company will discontinue further development of HIL-214 in infants.</li>
<li>Shares of China Liberal Education Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLEU#NASDAQ">CLEU</a>) were down 67% to $0.7301 after dipping 24% on Friday.</li>
<li>SYLA Technologies Co., Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYT#NASDAQ">SYT</a>) was down, falling 27% to $2.21.</li>
</ul>
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Commodities In commodity news, oil traded down 1% to $82.32 while gold traded down 0.7% at $2,381.90.
Silver traded down 1.1% to $31.345 on Monday, while copper fell 0.1% to $4.6510.
Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 0.4%, Germany's DAX rose 0.4% and France's CAC 40 rose 0.3%. Spain's IBEX 35 Index rose 0.6%, while London's FTSE 100 rose 0.3%.
German trade surplus widened to EUR 24.9 billion in May versus a revised EUR 22.2 billion in the prior month.
Asia Pacific Markets
Asian markets closed lower on Monday, with Japan's Nikkei falling 0.32%, Hong Kong's Hang Seng Index declining 1.55%, China's Shanghai Composite Index falling 0.93% and India's S&amp;P BSE Sensex declining 0.05%.
The gauge for Japan's service sector climbed to 47.0 in June from 45.7 in May. Japanese current account surplus increased to JPY 2,849.9 billion in May from JPY 2,010.1 billion in the year-ago month. Foreign exchange reserves in Singapore increased to SGD 503.71 billion in June versus SGD 500.86 billion in the prior month, while Chinese foreign exchange reserves fell by $9.7 billion to $3.222 trillion for June.
Economics
Data on consumer credit for May will be released at 3:00 p.m. ET.
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SYLA Launches HOTEL ZUSHI-HAYAMA

SYLA Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYT#NASDAQ">SYT</a>) shares are trading higher on continued momentum Tuesday afternoon. The company recently announced that one of its subsidiaries completed a merger with <a href="https://www.benzinga.com/pressreleases/24/07/g39575371/syla-solar-to-absorb-renewable-data-center-company-in-move-to-leverage-business-strength">SYLA Biotech Corporation</a>.
What To Know: SYLA Solar, a wholly-owned subsidiary of SYLA Technologies, announced that it completed a significant merger with SYLA Biotech Corp this week. 
SYLA Solar has absorbed and merged with SYLA Biotech, a SYLA Technologies subsidiary known for operating 100% renewable energy data centers. SYLA Technologies said the strategic move aligns with its focus on advancing its renewable energy business to achieve mid-term sales targets by the end of the fiscal-year 2026.
Since both companies are subsidiaries of SYLA Technologies, the merger has been executed as a non-monetary transaction without the issuance of new shares. The company said the move aims to leverage the strengths of both entities.
SYLA Technologies also noted that it has received strong support from Japan&#8217;s Ministry of Economy, Trade and Industry for the development of solar power sources.
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SYT Price Action: SYLA Technologies shares were up 60.5% at $3.01 at the time of publication, according to <a href="https://pro.benzinga.com/dashboard?new_user=False&amp;backend=google-oauth2">Benzinga Pro.</a>
Photo: solarseven from Shutterstock.

What's Going On With SYLA Technologies Stock Tuesday?

About Absorption-Style Merger SYLA Technologies is focusing on advancing its renewable energy business as a part of growth strategy to achieve its mid-term sales targets by the end of fiscal year 2026.
With strong subsidy support from the Ministry of Economy, Trade and Industry, the company's main thrust is the development of solar power sources, aiming to further grow its business and enhance corporate value.
SYLA Solar is engaged in the development of solar power generation, EPC (Engineering, Procurement, and Construction) services, and retail electricity sales, thereby supporting the overall renewable energy business of the group. SYLA Biotech sells and operates 100% renewable energy data centers, contributing to reducing environmental impact.
With this absorption merger on July 1st , 2024, with SYLA Solar is the surviving company and SYLA Biotech is absorbed company. Since both companies are 100% subsidiaries of SYLA Technologies, this merger is executed as a non-monetary transaction without issuance of new shares.

SYLA Solar To Absorb Renewable Data Center Company In Move To Leverage Business Strength; SYLA Solar Is The Surviving Company And SYLA Biotech Is Absorbed Company; Merger Is Executed As A Non-Monetary Transaction Without Issuance Of New Shares

Shares of Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) fell sharply during Thursday's session <a href="https://www.benzinga.com/news/earnings/24/06/39411910/jabil-tops-q3-estimates-ceo-highlights-strategic-growth-in-ai-datacenters-and-ev-markets">following third-quarter results</a>.
Jabil reported third-quarter fiscal 2024 revenue of $6.77 billion, down by 20.2% year-on-year, beating the analyst consensus estimate of $6.53 billion. The print manufacturing company's adjusted EPS of $1.89 beat the analyst consensus of $1.85, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Jabil said it expects fourth-quarter revenue of $6.3 billion – $6.9 billion (consensus: $6.8 billion) and adjusted EPS to $2.03 – $2.43 (consensus: $2.22).
Jabil shares dipped 7.8% to $116.37 on Thursday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>MGO Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGOL#NASDAQ">MGOL</a>) shares jumped 222.8% to $1.48 after the company said it expects the pending acquisition of Spetner Associates to close in the second half of 2024, projecting it to increase annualized revenue to approximately $28 million.</li>
<li>Griid Infrastructure Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRDI#NASDAQ">GRDI</a>) climbed 89.3% to $1.48 after falling more than 10% on Tuesday.</li>
<li>Zapp Electric Vehicles Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZAPP#NASDAQ">ZAPP</a>) gained 89% to $2.58 after the company said it expects first customer deliveries of the i300 in the fourth quarter and anticipates selling over 5,000 units in the fiscal year ending September 30, 2025.</li>
<li>Reliance Global Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) shares climbed 60.5% to $0.6279. Reliance Global Group announced major enhancement of capital structure following cashless exercise of warrants.</li>
<li>Allurion Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALUR#NYSE">ALUR</a>) gained 50% to $1.598. Allurion announced publication of new data demonstrating lean mass gains in patients experiencing 14% weight loss.</li>
<li>SMX (Security Matters) Public Limited Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) rose 43% to $0.1702 after jumping 19% on Tuesday.</li>
<li>Soluna Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNH#NASDAQ">SLNH</a>) gained 23.3% to $5.96.</li>
<li>Femasys Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FEMY#NASDAQ">FEMY</a>) rose 22% to $1.1650 after receiving CE Mark approval from the EU MDR for its FemaSeed, FemVue, FemCerv, and FemCath products.</li>
<li>Molecular Partners AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOLN#NASDAQ">MOLN</a>) shares rose 21.1% to $9.63 after gaining 9% on Tuesday.</li>
<li>Surf Air Mobility Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRFM#NASDAQ">SRFM</a>) jumped 20.6% to $0.3850.</li>
<li>ToughBuilt Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBLT#NASDAQ">TBLT</a>) gained 20.2% to $3.75.</li>
<li>MicroCloud Hologram Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLO#NASDAQ">HOLO</a>) surged 19.7% to $1.1303. MicroCloud Hologram entered into convertible note purchase agreements with investors for $28 million on June 18.</li>
<li>Presto Automation Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRST#NASDAQ">PRST</a>) shares climbed 19.2% to $0.0877after falling around 5% on Tuesday.</li>
<li>NanoViricides, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNVC#NASDAQ">NNVC</a>) gained 16.5% to $1.91. Nanoviricides reported that the ultra-broad-spectrum antiviral NV-387, a Phase 2 Stage drug candidate, was found to be effective in protecting lungs from damage in a lethally infected influenza H3N2 mouse model.</li>
<li>Lobo EV Technologies Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOBO#NASDAQ">LOBO</a>) rose 16.4% to $2.47.</li>
<li>Ocular Therapeutix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCUL#NASDAQ">OCUL</a>) gained 16% to $6.36 after TD Cowen upgraded the stock from Hold to Buy and raised its price target from $7 to $11.</li>
<li>Applied Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) jumped 15.3% to $5.95.</li>
<li>Ranpak Holdings Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PACK#NYSE">PACK</a>) climbed 13.7% to $6.49.</li>
<li>ImmunityBio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBRX#NASDAQ">IBRX</a>) rose 13.6% to $7.08 after the company announced insurance coverage of ANKTIVA across multiple states with first commercial doses administered.</li>
<li>Harrow, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HROW#NASDAQ">HROW</a>) gained 12.2% to $19.81 after the company announced the manufacture of the first of three commercial-scale process performance qualification batches of TRIESENCE 40 mg/mL. Also the company announced that the second and third required PPQ batches are now scheduled.</li>
<li>ZKH Group Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZKH#NYSE">ZKH</a>) rose 11.4% to $3.92</li>
<li>NANO Nuclear Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>) gained 11.3% to $12.91.</li>
<li>Himax Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIMX#NASDAQ">HIMX</a>) jumped 11.1% to $8.23</li>
<li>UTime Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTO#NASDAQ">WTO</a>) surged 11% to $0.5849</li>
<li>Nexalin Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXL#NASDAQ">NXL</a>) gained 10% to $1.1450. Nexalin Technology shares jumped around 38% on Tuesday after the company was awarded a US patent on &#8216;Transcranial alternating current dynamic frequency stimulation (TACS) method for Alzheimers and Dementia.&#8217;</li>
<li>Bilibili Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BILI#NASDAQ">BILI</a>) shares climbed 7.8% to $17.45. On Tuesday, JP Morgan analyst Daniel Chen upgraded Bilibili from Neutral to Overweight and announced a $21 price target.</li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) gained 7% to $982.60 after Elon Musk indicated the company will provide server racks for the supercomputer that xAI is building.</li>
<li>Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) rose 5% to $162.36.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Trevena, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRVN#NASDAQ">TRVN</a>) fell 43.7% to $0.1993. Trevena announced preclinical TRV045 data for long-term analgestic effect in prelinical model of neuropathic pain. Also, the company announced TRV045 results provided director for additional NIH-initiated studies in epilepsy prevention and treatment.</li>
<li>Kaival Brands Innovations Group, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KAVL#NASDAQ">KAVL</a>) shares declined 33.5% to $2.99 after gaining 8% on Tuesday.</li>
<li>Sonnet BioTherapeutics Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SONN#NASDAQ">SONN</a>) fell 29% to $1.10. Sonnet BioTherapeutics announced exercise of warrants for gross proceeds of $3.4 million.</li>
<li>Tempest Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPST#NASDAQ">TPST</a>) declined 25% to $2.1208. The company announced new data from the ongoing Phase 1b/2 clinical study on amezalpat2 (TPST-1120).</li>
<li>Nikola Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKLA#NASDAQ">NKLA</a>) declined 23.6% to $0.3672. Nikola announced 1-for-30 reverse stock split approved by board.</li>
<li>La Rosa Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRHC#NASDAQ">LRHC</a>) shares fell 23.5% to $1.37. La Rosa Holdings shares jumped 72% on Tuesday after the company entered a non-binding letter of intent to acquire a controlling interest in Red Door Title.</li>
<li>SYLA Technologies Co., Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYT#NASDAQ">SYT</a>) dipped 21.7% to $1.70.</li>
<li>Mustang Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBIO#NASDAQ">MBIO</a>) shares dipped 21% to $0.6721 after the company announced a $2.5 million registered direct offering of 6.130 million shares at $0.41 per share.</li>
<li>QXO, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QXO#NASDAQ">QXO</a>) fell 20.9% to $72.55.</li>
<li>NLS Pharmaceutics AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NLSP#NASDAQ">NLSP</a>) tumbled 20.3% to $0.1910 after jumping 82% on Tuesday.</li>
<li>DermTech, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DMTK#NASDAQ">DMTK</a>) fell 19.4% to $0.1176.</li>
<li>Dunxin Financial Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXF#NASDAQ">DXF</a>) shares fell 19.4% to $0.1728 after dipping 17% on Tuesday.</li>
<li>Tempus AI, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</a>) fell 15.1% to $25.76 amid post-IPO volatility.</li>
<li>Esperion Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESPR#NASDAQ">ESPR</a>) declined 15% to $2.2991 after B of A Securities downgraded the stock from Neutral to Underperform.</li>
<li>SRIVARU Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVMH#NASDAQ">SVMH</a>) shares fell 13.7% to $0.2150. SRIVARU, last week, announced it will begin accepting paid reservations and bookings for its flagship product, the PRANA 2.0, on June 16th.</li>
<li>Actelis Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASNS#NASDAQ">ASNS</a>) fell 12.2% to $1.8602. Actelis Networks shares jumped 84% on Tuesday after the company announced an agreement to serve as Carahsoft&#8217;s public sector distributor.</li>
<li>Jasper Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JSPR#NASDAQ">JSPR</a>) declined 10.1% to $20.84. Jasper Therapeutics announced appointment of Svetlana Lucas Ph.D., to its Board of Directors.</li>
<li>GMS Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMS#NYSE">GMS</a>) declined 6.5% to $84.02 after the company reported mixed fourth-quarter financial results.</li>
<li>Nayax Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NYAX#NASDAQ">NYAX</a>) fell 6.1% to $21.23.</li>
<li>Vanda Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNDA#NASDAQ">VNDA</a>) fell 5% to $6.03 after the company&#8217;s board determined that recent takeover proposals were not in its best interests.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39411935/this-skyworks-solutions-analyst-turns-bullish-here-are-top-5-upgrades-for-thursday">This Skyworks Solutions Analyst Turns Bullish; Here Are Top 5 Upgrades For Thursday</a>

ALUR

APLD

ASNS

BILI

DMTK

ESPR

FEMY

GRDI

HIMX

MicroCloud Hologram Inc. - Ordinary Shares

HOLO

HROW

IBRX

Jasper Therapeutics, Inc. - Class A Common Stock

JSPR

KAVL

LOBO

LRHC

MBIO

MGOL

MOLN

NLSP

NNVC

NYAX

OCUL

PACK

PRST

RELI

SLNH

SMCI

SONN

SRFM

TBLT

Tempest Therapeutics, Inc. - Common Stock

TPST

TRVN

VNDA

Why Jabil Shares Are Trading Lower By 8%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

SYLA FY23 Revenue $161.4M, Up 3.12% YoY

SYLA Technologies Co., Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYT#NASDAQ">SYT</a>) ("SYLA" or "the Company"), operator of the largest membership real estate crowdfunding platform in Japan, Rimawari-kun, announced that its wholly owned subsidiary, SYLA Co., Ltd., (Representative Director: Yoshiyuki Yuto) ("SYLA Co.") has completed and sold SYFORME SUMIYOSHI II at the end of March. &nbsp;
Overview of the Property Location: Ojima, Koto-ku, Tokyo Property Type: Condominium Structure: Reinforced concrete (13 floors above ground, 46 units) Settlement Date: April 26, 2024
About the SYFORME Series SYLA Co. is dedicated to developing profitable real estate, with a particular focus on Tokyo's 23 wards and the central districts of Yokohama and Kawasaki. Among these areas, SYLA Co. develops its signature condominium brand, the SYFORME series, strategically situated within a 10-minute walking distance from stations, offering convenience for commuters seeking both style and accessibility.
Impact on Business Performance The impact of this transaction has already been incorporated in the business forecast for FY2024/12, as announced on January 25, 2024. The Company will promptly disclose any matters that should be announced in the future.

Asset Sales

SYLA Announces Sale Of One Building Of Its SYFORME Brand Condominium, "SYFORME SUMIYOSHI II"; No Financial Terms Disclosed

SYLA Technologies Co., Ltd. (NASDAQ:<a href="https://www.benzinga.com/stock/SYT#NASDAQ">SYT</a>) ("SYLA" or "the Company"), operator of the largest membership real estate crowd-funding platform in Japan, Rimawari-kun, announced its subsidiary, SYLA Solar Co., Ltd. ("SYLA Solar") has entered into a Comprehensive Business Alliance Agreement with LIVE THE CREATIVE Inc. ("LIVE THE CREATIVE") to innovate solar power plant development. &nbsp;
Business Alliance Purpose and Background The business alliance between SYLA Solar and LIVE THE CREATIVE combines the expertise and advanced technologies of both companies to synergistically innovate solar power plant development. SYLA Solar brings its extensive knowledge spanning from land acquisition to regulatory compliance and design within solar power plant development. Meanwhile, LIVE THE CREATIVE delivers highly precise and efficient surveying solutions utilizing drone technology. Efficiency and precision are indispensable in the development of safe solar power plants, underscoring the significance of this partnership. Beginning with the selection of suitable land, the construction of solar power plants requires design decisions based on accurate data. The integrated approach by both companies will expedite and streamline the entire development process, spanning from land acquisition to design.
Specific Benefits of Developing Solar Power Plants This business alliance has significantly enhanced the precision and efficiency of land surveys. For instance, surveys in highland areas, which previously consumed over a month with conventional methods, can now be completed in just half a day by integrating drones, an emerging ICT technology. Additionally, necessary information can be accessed within a week from the captured data. By merging drone-based topographic surveys with laser scanning technology, a comprehensive understanding of various land features, including shape, structure, terrain, and tree arrangement, has been achieved with remarkable accuracy. This technological advancement enables the effective utilization of a broader range of land, including areas that were previously difficult to access. As a result, it facilitates the selection of land suitable for solar power plant development, enhances precision during the design phase, and significantly improves overall development efficiency while minimizing the impact of natural disasters. &nbsp;
Future Prospects In response to the Japan's declining workforce, SYLA Solar plans to bolster its automation and labor-saving efforts, leveraging its DX technology through further demonstrations. Additionally, SYLA Solar's initiatives will align with ESG (Environmental, Social, Governance) objectives. The efficient development of solar power plants promote the use of renewable energy and contributes to reducing greenhouse gas emissions. Furthermore, drones can support disaster prevention efforts by swiftly converting terrain into 3D data, facilitating surveys for hazard mapping in the region, while enabling real-time situational awareness during disasters. Even in hazardous areas inaccessible to humans, drones provide a safe and accurate means of assessing situations. &nbsp;

SYLA Technologies Subsidiary SYLA Solar Announces Comprehensive Business Alliance With LIVE THE CREATIVE To Innovate Solar Power Plant Development

SYLA Technologies Sees FY24 Revenue ¥27.5B-¥30.0B

SYLA Technologies Co., Ltd. (NASDAQ:<a href="https://www.benzinga.com/stock/SYT#NASDAQ">SYT</a>) ("SYLA" or "the Company"),&nbsp;operator of the largest membership real estate crowdfunding platform in Japan, Rimawari-kun, today announced that it has entered into a Capital and Business Alliance Agreement (the "Agreement") with RIBERESUTE CORPORATION, a Japan-based developer and seller of family-type condominiums (TSE: 8887) ("RIBERESUTE"). The companies had entered into a "Basic Agreement on Business Alliance" on November 15, 2023, and had also agreed on the same date that SYLA would acquire 2,158,800 shares of common stock of RIBERESUTE (which amounts to 20.39% of its 10,589,800 outstanding shares as of November 30, 2023) from four of its shareholders. This share acquisition was completed on January 12, 2024. &nbsp;
The Agreement, among other things, provides that RIBERESUTE shall not engage in any of the following acts without the prior consent of SYLA and insofar as it does not violate the principle of equal treatment of shareholders under the Companies Act of Japan.
1. Enter into a capital alliance with third parties 2. Introduce existing shareholders to third parties or otherwise facilitate the purchase of shares of RIBERESUTE group companies by third parties
1. Purpose and Reason for the Capital and Business Alliance RIBERESUTE operates the businesses of development and sales of family condominiums primarily in the southern Kanto region. RIBERESUTE has strategically established its core operations around the development and construction of condominium properties, positioning itself as a manufacturing company leveraging its creative strengths and low-cost business model.
In contrast, SYLA operates a prop-tech business centered around the development of the "Rimawari-kun" asset management platform and "Rimawari-kun AI" with the mission to democratize real estate investment around the world. The capital and business alliance is aimed at forging new growth strategies in the real estate market, enhancing the corporate value of both companies and making significant contributions to solving social issues by maximizing the use of both companies' management resources.
2. Expected Business Alliance Details The envisioned details of the business alliance at this time are as follows: (1) Complementary products (2) Complementary geographic coverage (3) Expansion of real estate crowdfunding business (4) Promotion of internet marketing (5) Real estate development (6) Strengthening real estate management (7) Strengthening building construction operations (8) Promotion of digital transformation (9) Reduction of operational costs (10) Personnel exchange (11) ESG management
3. Outline of the Counterparty for the Agreement
<figure class="table"> 
<table>
<tbody>
<tr>
<td>(1) Company name</td>
<td colspan="3">RIBERESUTE CORPORATION</td>
</tr>
<tr>
<td>(2) Location</td>
<td colspan="3">389-1, Kimmei-cho, Soka City, Saitama, Japan</td>
</tr>
<tr>
<td>(3) Title and name of representative</td>
<td colspan="3">Shinichi Sakamoto, Chief Executive Officer</td>
</tr>
<tr>
<td>(4) Business</td>
<td colspan="3">Real estate and general construction</td>
</tr>
<tr>
<td>(5) Capital</td>
<td colspan="3">2,000,792,272 yen</td>
</tr>
<tr>
<td>(6) Date of establishment</td>
<td colspan="3">June 1979</td>
</tr>
<tr>
<td>(7) Major shareholders and shareholding ratio excluding treasury stock&nbsp;(as of November 30, 2023)</td>
<td>Jun Planning Co., Ltd. The Musashino Bank, Ltd Nobukazu Kawai JAFCO Group Co., Ltd. Junji Kawai The Tokyo Higashi Shinkin Bank &nbsp;</td>
<td>15.75% 2.93% 2.50% 2.29% 2.12% 1.89%</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="3">&#x2A;On November 15, 2023, SYLA agreed to acquire 2,158,800 shares of common stock of RIBERESUTE from four of its shareholders. The acquisition was completed on January 12, 2024. Such acquisition of shares is not reflected in the above major shareholder information as of November 30, 2023.</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="4">(8) Operating results and financial condition for the past three years</td>
</tr>
<tr>
<td>Accounting period</td>
<td>FY ended May 2021</td>
<td>FY ended May 2022</td>
<td>FY ended May 2023</td>
</tr>
<tr>
<td>Net assets (thousand yen)</td>
<td>10,691,267</td>
<td>11,109,518</td>
<td>11,446,846</td>
</tr>
<tr>
<td>Total assets (thousand yen)</td>
<td>18,636,960</td>
<td>18,948,156</td>
<td>17,237,515</td>
</tr>
<tr>
<td>Net assets per share (yen)</td>
<td>1,009.58</td>
<td>1,049.08</td>
<td>1,080.93</td>
</tr>
<tr>
<td>Revenues (thousand yen)</td>
<td>6,037,163</td>
<td>6,064,928</td>
<td>7,444,240</td>
</tr>
<tr>
<td>Operating income (thousand yen)</td>
<td>511,053</td>
<td>1,117,285</td>
<td>1,083,214</td>
</tr>
<tr>
<td>Ordinary income (thousand yen)</td>
<td>626,102</td>
<td>1,018,559</td>
<td>1,081,364</td>
</tr>
<tr>
<td>Net income (thousand yen)</td>
<td>442,762</td>
<td>835,031</td>
<td>765,291</td>
</tr>
<tr>
<td>Net income per share (yen)</td>
<td>41.79</td>
<td>78.85</td>
<td>72.27</td>
</tr>
<tr>
<td>Dividend per share (yen)</td>
<td>40</td>
<td>40</td>
<td>40</td>
</tr>
</tbody>
</table>
</figure>
 &nbsp;

SYLA Technologies Enters Into A "Capital And Business Alliance Agreement" With RIBERESUTE

SYLA Technologies Co., Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYT#NASDAQ">SYT</a>) ("SYLA" or "the Company"), operator of the largest membership real estate crowdfunding platform in Japan, Rimawari-kun, announced that SYLA Co., Ltd., a wholly owned subsidiary of the Company, sold four buildings from its condominium brand, the SYFORME series, to a private fund managed by BlackRock's Real Estate business. &nbsp;
Background of the Transfer In December 2023, SYLA entered into an agreement on business collaboration with a private fund managed by BlackRock's Real Estate business. This condominium sale represents a tangible milestone based on the agreement. Taking this opportunity, SYLA is committed to further strengthening the mutual collaboration, such as providing opportunities for the private fund managed by BlackRock's Real Estate business to invest in SYLA's real estate projects in Japan, particularly centered around its SYFORME condominium brand series.
Overview of the Transferred Properties SYFORME OJI (Kita-ku, Tokyo) SYFORME OJI II (Kita-ku, Tokyo) SYFORME MOTOMACHI-CHUKAGAI (Yokohama, Kanagawa) SYFORME TABATA (Kita-ku, Tokyo)

SYLA Sells Four SYFORME Brand Condominiums To A Private Fund Managed By BlackRock's Real Estate Business; No Financial Terms Disclosed

SYLA Technologies Co., Ltd. ADR (SYT) has released an update. SYLA Technologies Co., Ltd., owner of Japan's largest real estate crowdfunding platfo...

SYLA Technologies Announces Increased Interim Dividend

SYLA Technologies Co., Ltd. ADR (SYT) has released an update. SYLA Technologies Co., Ltd. has announced the resignation of Takahide Watanabe as Dir...

SYLA Technologies Director Resigns for New Role

SYLA Technologies Co., Ltd. ADR (SYT) has released an update. SYLA Technologies Co., Ltd., the operator of Japan's largest real estate crowdfunding...

SYLA Technologies Posts Increased Revenue Amid Expansion

SYLA Technologies (SYT) announced that its subsidiary, SYLA, has launched its new condominium brand, SYFORME NEXT. In addition, SYLA Co. has been c...

Syla Technologies launches a second condominium brand, SYFORME NEXT

SYLA Technologies GAAP EPS of -$0.20, revenue of $12.4M

SYLA Technologies Boosts 2024 Financial Guidance and Dividend Forecast

SYLA Technologies raises full year revenue guidance to ¥29 billion

SYLA Technologies (SYT) announced that its Board of Directors resolved on November 19, 2024, to revise the full-year financial guidance for the fis...

Syla Technologies adjusts FY24 revenue view to Y29B from Y27.5B-Y30B

SYLA Technologies Co., Ltd. ADR (SYT) has released an update. CUMICA Corporation and SYLA Technologies Co., Ltd. have announced a management integr...

CUMICA and SYLA Announce Strategic Integration

SYLA Technologies Co., Ltd. ADR (SYT) has released an update. SYLA Technologies Co., Ltd. is set to hold an Extraordinary General Meeting on Decemb...

SYLA Technologies Plans Capital Reduction Strategy

Press Releases

General

SYLA Launched 2nd Project of SYLA HOTEL ZUSHI-HAYAMA, "THE POOL VILLA," Luxury Condominium Sold Out in a Few Days

SYLA Technologies FY24 2nd Quarter Investor Update

Gateway Group Announces Preliminary Sponsors and Additional Presenting Companies for September Gateway Conference

Contracts

SYLA Solar Signs a Business Alliance Agreement with ABILITY

SYLA Technologies and TSE Growth-Listed Broad Enterprise Form a Business Alliance to Boost Profits through Mutual Cooperation

SYLA Technologies Announces Notice of Subscription to CUMICA CORPORATION's Third-Party Allotment of New Shares

SYLA Technologies Announces Interim Dividend of ¥100 per Share

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