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Korea Herald
15-07-2025
- Business
- Korea Herald
The 3rd CISCE to Kick Off in Beijing: Spotlighting Full-Chain Development
BEIJING, July 15, 2025 /PRNewswire/ -- The 3 rd China International Supply Chain Expo (CISCE) will take place from July 16–20, 2025, at the China International Exhibition Center in Beijing. Organized across six priority areas—Advanced Manufacturing, Green Agriculture, Digital Technology, Healthy Life, Smart Vehicles, and Clean Energy—as well as a dedicated Supply Chain Services zone, the 3 rd CISCE will highlight current developments in global manufacturing and related industries. The event underscores the role of next-generation productive forces in shaping industrial transformation and reinforcing international competitiveness. This year's expo aims to promote deeper engagement between Chinese and international enterprises to foster a more integrated and forward-looking industrial ecosystem. CISCE 2025 will debut two new exhibition zones for the first time: the CISCE Launch zone, dedicated to showcasing exhibitors' latest products, technologies, processes and application scenarios; and the Innovation Chain zone, where 14 participating organizations will demonstrate the complete innovation transformation chain through three key modules—"Policy Support", "Platform Enablement" and "Service Coordination", presenting the full-cycle innovation process from basic research and technological development to industrial application and market response. In its third year, the CISCE will feature broad international representation and a strong emphasis on innovation, with 651 companies and institutions from 75 countries and regions and international organizations (including UN agencies) exhibiting at the event. To date, 170 overseas delegations have confirmed to take part in business matchmaking. Over 65% of participants are from Fortune 500 companies or industry leaders, while total exhibitor engagement—including 500 supply chain affiliates—is projected to reach 1,200. The expo is expected to welcome over 200,000 professional visitors. The 3 rd CISCE will serve as a global forum for exploring trends in industrial and supply chain development, advancing innovation, and expanding international cooperation. Business leaders, policymakers, and media outlets worldwide are invited to attend this flagship supply chain event in Beijing.
Business Wire
07-07-2025
- Business
- Business Wire
LogProstyle Reports Fiscal Year 2025 Results
TOKYO--(BUSINESS WIRE)-- LogProstyle Inc. (NYSE American: LGPS) (the 'Company' or 'LogProstyle'), a leading real estate renovation and resale, development, hotel and restaurant management company, today announced its financial results for the fiscal year ended March 31, 2025. References in this earnings release to 'JPY' or '¥' are to Japanese yen and 'US$' is to United States dollar. Convenience translations included in this earnings release of Japanese yen into United States dollars have been made at the exchange rate of ¥149.90 = US$1.00, which was the foreign exchange rate on March 31, 2025. Highlights for the 2025 period compared to 2024 include: Total revenue of JPY20,651 million (US$138 million) for the fiscal year of 2025, up 46% compared with JPY14,122 million in fiscal year 2024. Real estate revenue of JPY18,819 million (US$126 million) increased by 52% over the previous year. The number of real estate units sold was 187 units, an increase of 89 units from the previous year, of which 102 units were new condominium development units, an increase of 62 units from 2024. The number of renovated condominium units sold was 40, representing a decrease of two units from the previous year. Hotel revenue reached JPY1,249 million (US$8 million), up 20% from the previous year. Occupancy rate increased by 390 basis points to 74.7%, while average daily rate (ADR) for hotels operated by the company decreased by 13%. Gross profit reached JPY3,559 million (US$24 million), an increase of 34% from fiscal year 2024. Operating income of JPY1,343 million (US$9 million), up 43% from JPY939 million. Operating margin steady at 6.5%. EBITDA of JPY1,487 million (US$10 million) , up 45% from JPY1,019 million. Net income increased 133% to JPY754 million (US$5 million) from JPY324 million, and earnings per share grew by JPY19.39 to JPY34.76 (US$0.23 ). Equity ratio reached 15.6%, a 733 basis point improvement from 2024. Reconciliation of Operating Income to EBITDA (US$ and ¥ in million) EBITDA is a non-GAAP financial measure. Management believes that EBITDA provides useful information for investors to evaluate the Company's operating performance and cash-generating ability. It is also used by management for internal purposes, including performance evaluation and budgeting. EBITDA is not a measure defined under US-GAAP or IFRS and may not be comparable to similar metrics disclosed by other companies. Results Summary for Fiscal Year 2025 Yasuyuki Nozawa, Representative Director, President and CEO of LogProstyle said, 'Fiscal year 2025 was a transformative year for LogProstyle, marked by the historic milestone as the first unlisted Japanese company to list its Japanese common shares directly on the NYSE American instead of through American Depository Receipts. Our revenue surged by 46% driven by robust demand across our core business, and net income more than doubled, validating our sustainable growth trajectory. We took decisive steps to expand our global footprint beyond the borders of Japan. We believe these initiatives properly position us to introduce authentic Japanese hospitality and lifestyle experiences on an international scale. As we look ahead, we remain committed to delivering value to shareholders through continued innovation, operational excellence, and strategic execution. I am grateful to our dedicated employees, partners, and customers for their trust and support as we redefine life style and set new standards for sustainable growth.' Financial highlights: Revenue for the fiscal year ended March 31, 2025 reached JPY20,651 million (US$138 million), an increase of 46% versus the year ago period of 2024. Real estate generated JPY18,819 million (US$126 million) in revenue, up 52% compared with JPY12,411 million in the year ago period, driven primarily by a 73% increase in the number of units sold. Hotel revenue reached JPY1,249 million (US$8 million), an increase of 20% versus JPY1,044 million in the same period of 2024. Revenue growth from the hotel segment was supported by occupancy rate expansion of 390 basis points while average daily rate (ADR) declined 13.0% compared to fiscal year 2024. Other revenue for the fiscal year 2025 of JPY583 million (US$4 million) compared to JPY666 million in fiscal year 2024. Gross profit increased by 34% to JPY3,559 million (US$24 million) in fiscal year 2025, up from JPY2,652 million in 2024, with gross margin declining 154 basis points to 17.2% from 18.8% in fiscal year 2024. Operating expenses increased by 29% to JPY2,217 million (US$15 million) from JPY1,713 million in fiscal year 2024. The increase in operating expenses was driven by higher payroll costs and brokerage fees. Operating income in fiscal year 2025 was JPY1,343 million (US$9 million), an increase of 43% compared with the JPY939 million in fiscal year 2024. Operating margin of 6.5% was roughly flat with the 6.6% operating margin in fiscal year 2024, supported by revenue growth and diligent expense management. Net income for fiscal year 2025 reached JPY754 million (US$5 million), up 133% compared with the JPY324 million in fiscal year 2025. Basic and diluted earnings per share increased by ¥19.39 (US$0.23) to ¥34.76 in fiscal year 2025. EBITDA reached JPY1,487 million (US$10 million) in fiscal year 2025, up 45% over fiscal 2024. Cash and cash equivalents of JPY2,121 million (US$14 million) at March 31, 2025 compared with JPY1,218 million at March 31, 2024. Real Estate: During the fiscal year of 2025, LogProstyle sold 187 units, up from the 98 units sold in the year ago period. The number of new condominium units sold increased by 62 units from 40 units in the fiscal year ended March 31, 2024 to 102 units in the fiscal year ended March 31, 2025. The number of renovated condominium units sold decreased by two units from 42 units in the fiscal year ended March 31, 2024 to 40 units in the fiscal year ended March 31, 2025. Hotel Management: As of March 31, 2025, LogProstyle operated 4 hotels with 210 collective rooms. Occupancy rates for the fiscal year 2025 reached 74.7% compared with 70.8% in 2024 while ADR of JPY20 thousand declined 13% from JPY23 thousand in 2024. Operational highlights: Inline with the Company's ongoing commitment of returning value to shareholders, in May of 2025 the Board of Directors approved a proposal to distribute a cash dividend of US$0.023 per share, or US$543 thousand in the aggregate. The proposal was submitted for shareholder approval at the Annual General Meeting on June 30, 2025, and was approved. The dividend is payable on August 5, 2025, to shareholders of record as of July 7, 2025, with an ex-dividend date of the same day. In December 2024, LogProstyle established its new subsidiary, 'LogProstyle US Inc.', headquartered in Las Vegas, Nevada, USA, to support its global expansion strategy. The subsidiary will focus on introducing authentic Japanese hospitality and culinary experiences to the U.S. market through hotel operations, food services, and real estate development. This initiative marks a key step in the Company's efforts to expand its cultural brand presence internationally. On April 5, 2025, LogProstyle signed a Memorandum of Association (MoA) with the Dubai Department of Economy and Tourism (DET) and established a new entity, 'Logprostyle Inc For Hotel Management CO. L.L.C S.O.C' (LogProstyle Dubai). With the objective of broadening its international expansion, the strategic entry into the United Arab Emirates will serve as an important growth catalyst for the company. Financial Results: The Company has posted a presentation of the fiscal year 2025 results today, July 7, 2025. The presentation and accompanying slides can be found on the LogProstyle website at March 31, 2025 March 31, 2024 ASSETS Current assets Cash and cash equivalents ¥ 2,120,515 ¥ 1,218,241 Trade notes and accounts receivable, net 138,373 181,808 Inventories, net 13,612,387 13,518,460 Consumption tax receivable 5,749 69,388 Short-term investments 182,030 38,801 Other current assets 353,579 232,790 Total current assets 16,412,633 15,259,488 Non-current assets Property, plant and equipment, net 357,527 426,865 Operating lease right-of-use assets 4,481,941 4,703,805 Software 27,792 16,692 Leasehold and guarantee deposits 465,968 346,408 Deferred tax assets 458,767 383,158 Other non-current assets 363,608 73,852 Allowance for credit losses (84,048 ) - Total non-current assets 6,071,555 5,950,780 Total assets ¥ 22,484,188 ¥ 21,210,268 Expand LIABILITIES Current liabilities Accounts payable ¥ 597,708 ¥ 306,153 Accrued expenses 112,661 214,897 Short-term loans 1,885,259 2,574,734 Current portion of bonds 28,620 49,270 Current portion of long-term loans 4,025,343 6,065,020 Operating lease liabilities, current 463,129 558,529 Finance lease liabilities, current 8,400 6,083 Contract liabilities 252,260 352,651 Income taxes payable 248,885 66,323 Other current liabilities 254,956 205,314 Total current liabilities 7,877,221 10,398,974 Non-current liabilities Bonds - 28,620 Long-term loans 6,858,607 4,559,117 Operating lease liabilities, non-current 4,090,933 4,307,338 Finance lease liabilities, non-current 19,062 11,684 Deferred tax liabilities - 18,633 Other non-current liabilities 121,146 123,085 Total non-current liabilities 11,089,748 9,048,477 Total liabilities ¥ 18,966,969 ¥ 19,447,451 SHAREHOLDERS' EQUITY Common shares: 81,498,000 shares authorized, 23,652,110 and 21,652,110 shares issued and 23,628,452 and 21,628,452 shares outstanding as of March 31, 2025 and 2024 with no stated value. ¥ 924,817 ¥ 235,001 Capital Surplus 1,445,333 755,517 Additional paid in capital (238,115 ) 148,392 Retained earnings 1,397,387 643,766 Treasury shares (2,539 ) (2,539 ) Accumulated other comprehensive loss (9,664 ) (17,320 ) Total shareholders' equity 3,517,219 1,762,817 Total liabilities and equity ¥ 22,484,188 ¥ 21,210,268 Expand LogProstyle Inc. (Yen in thousands, except share and per share data) LogProstyle Inc. CONSOLIDATED STATEMENTS OF CASH FLOWS (Yen in thousands) Fiscal Year Ended March 31,2025 Fiscal Year Ended March 31,2024 Fiscal Year Ended March 31,2023 Cash flows from operating activities: Net income ¥ 753,621 ¥ 323,605 ¥ 354,025 Depreciation and amortization 144,087 87,027 81,641 Amortization of debt issuance costs 84,928 40,787 17,486 Deferred income taxes 91,910 76,049 117,730 Provision of allowance for credit losses 84,048 - - Changes in operating assets and liabilities: Decrease (increase) in trade notes and accounts receivable, net 43,435 (43,872 ) (45,176 ) (Increase) in inventories, net (93,927 ) (2,944,684 ) (2,907,401 ) Decrease (increase) in consumption taxes receivable 63,639 239,859 (268,119 ) (Increase) decrease in prepaid expenses (44,678 ) 16,533 (31,212 ) (Increase) decrease in advances to vendors (70,369 ) 7,295 (25,086 ) (Increase) in leasehold and guarantee deposits (119,560 ) (3,538 ) (10,238 ) (Decrease) in accounts payables (40,412 ) (194,318 ) (502,185 ) (Decrease) increase in accrued expenses (102,236 ) 105,822 14,168 Increase (decrease) in income taxes payable 182,562 (48,438 ) 52,003 (Decrease) increase in contract liabilities (100,391 ) 207,881 (569,033 ) Increase (decrease) in deposits received 20,510 (11,878 ) 32,968 Other, net (92,530 ) 58,597 33,113 Net cash flows provided by (used in) operating activities 804,637 (2,083,273 ) (3,655,316 ) Cash flows from investing activities: Purchase of short-term investments (367,150 ) (13,800 ) (60,001 ) Proceeds from sales of short-term investments 223,921 50,000 128,050 Purchases of property, plant and equipment, net (37,464 ) (42,145 ) (24,979 ) Purchases of software (19,563 ) (3,186 ) (6,779 ) Purchases of long-term investments (270,000 ) - - Purchases of investment securities - (800 ) (20,034 ) Other, net (5,599 ) (3,607 ) 1,594 Net cash flows provided by (used in) investing activities (475,855 ) (13,538 ) 17,851 Cash flows from financing activities: (Decrease) increase in short-term borrowings, net (685,830 ) (283,069 ) 857,179 Borrowings from long-term loans 12,946,844 9,687,048 7,656,000 Repayments for long-term loans (12,708,107 ) (6,628,349 ) (5,224,864 ) Proceeds from issuance of bonds - - 100,000 Redemption of bonds (49,270 ) (49,309 ) (59,954 ) Payments for finance leases (8,664 ) (7,505 ) (5,277 ) Payment for debt issuance costs (67,498 ) (78,844 ) (48,512 ) Proceeds from issuance of shares 1,379,632 270,002 - Proceeds from sale of treasury shares - - 301,539 Payments of listing expenses (235,037 ) - - Net cash flows provided by financing activities 572,070 2,909,974 3,576,111 Effect of exchange rate changes on cash, cash equivalents and restricted cash 1,422 (7,273 ) 3,590 Net increase (decrease) in cash and cash equivalents 902,274 805,890 (57,764 ) Cash and cash equivalents at the beginning of the year 1,218,241 412,351 470,115 Cash and cash equivalents at the end of the year ¥ 2,120,515 ¥ 1,218,241 ¥ 412,351 SUPPLEMENTAL CASH FLOW INFORMATION: Cash paid for interest ¥ 476,650 ¥ 497,731 ¥ 391,364 Cash paid for taxes ¥ 127,857 ¥ 179,888 ¥ 87,905 Expand LogProstyle Inc. REVENUE BY BUSINESS SEGMENT (Yen in thousands) Forward-Looking Statements Disclaimer: This press release contains'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the Company's proposed dividend, the AGM, the Company's future financial performance, capital allocation, and shareholder return strategy. 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 in the forward-looking statements. These risks and uncertainties include, but are not limited to, general economic conditions, changes in market conditions, shareholder approval at the AGM, and other factors described in the Company's filings with the U.S. Securities and Exchange Commission, including the risks detailed in the Company's annual report on Form 20-F filed with the SEC on July 7, 2025. Forward-looking statements speak only as of the date they are made and the Company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this press release, except as required by applicable law. Any references to our website have been provided as a convenience, and the information contained on such website is not incorporated by reference into this press release. About LogProstyle Inc. LogProstyle Inc. is involved in a wide range of businesses, including real estate development, hotel management, and restaurant management. With the slogan "redefine life style," the Company is working on various projects with the aim of illustrating an innovative and sustainable lifestyle. LogProstyle is the first unlisted Japanese company to list its Japanese common shares directly on a major United States stock exchange rather than through American Depositary Receipts (ADRs).
TimesLIVE
01-07-2025
- Automotive
- TimesLIVE
Renault to report $11.2bn loss on Nissan stake in first half
French carmaker Renault said on Tuesday it will report an estimated €9.5bn (R233,651,040,000) non-cash loss on its stake in Nissan Motor in the first half after changing the way it accounts for the investment. Renault, which holds a 35.7% stake in Nissan, said in future any change in the value of the holding would be directly recognised in equity and assessed based on Nissan's share price, with no impact on its net income. The change, which it said will have no effect on dividends paid by Renault, comes after the two companies agreed to loosen their ties and adjust a two-decade partnership to help support the Japanese firm's recovery.
Borneo Post
29-06-2025
- General
- Borneo Post
Sarawak Scout HQ rebuilding gets boost from Hong Kong donation
Chai (third left) receives the donations from Lau (third right). KUCHING (June 29): The Hong Kong Scout Association has raised HKD42,050 (RM22,651) as a donation to the Sarawak Scout Headquarters Rebuilding Fund. The funds were handed over during a dinner in Kuching last night and received by Sarawak Scout Exco chairman Peter Chai Mui Seng. In his speech, Chai expressed heartfelt appreciation on behalf of Sarawak scouts for the support shown by their Hong Kong counterparts. He said the generous donation from the Hong Kong Scout Association has brought a wave of gratitude to the Sarawak scouting community. He explained the donation will go towards efforts at restoring facilities at the Sarawak Scout Headquarters, which are crucial to the growth and development of scouting activities in the region. For the record, the headquarters building at Jalan Batu Lintang, Kuching was almost completely destroyed in a fire that occurred on Feb 6, 2024. 'I am so happy and thankful that the Hong Kong scouts have been so generous. 'This contribution means a lot to us and reflects the strong spirit of unity and brotherhood in scouting across borders,' Chai said. The fundraising initiative was spearheaded by Lau Kwan Hung, a dedicated member of the Hong Kong scouting community. Demonstrating personal commitment to the cause, Lau travelled to Sarawak to present the donation in person. Accompanied by his wife Yu Kwai Chun and fellow scout leader Yau Chung Yan, Lau also took part in the Sarawak Scout Eco-Run 4.0, scheduled on June 29. Meanwhile, Sarawak Scout officials in a statement said the event marked a meaningful chapter in the ongoing collaboration between international scouting communities, showcasing how solidarity and shared values can make a tangible difference. They said the funds will go a long way in helping rebuild and upgrade key infrastructure, furthering their mission to instil leadership, resilience, and environmental awareness in young scouts across the region. Hong Kong Scout Association lead Sarawak Scout Headquarters Rebuilding Fund
Barnama
13-06-2025
- Barnama
UUM Student Council Raises Nearly RM300,000 For UPSI Bus Accident Victims
ALOR SETAR, June 13 (Bernama) -- Universiti Utara Malaysia's Student Representative Council (UUM MPP) has raised RM290,651 to be donated to the victims of the bus tragedy that claimed the lives of 15 students from Universiti Pendidikan Sultan Idris (UPSI) in Gerik, Perak. It said in an official Facebook post that the collection through the Emergency Accident Fund, launched by UUM MPP, was the result of 18,927 contributors. "The UUM MPP expresses its highest appreciation to all Malaysians for the extraordinary solidarity and concern shown. This reflects an extraordinary spirit of togetherness in times of sorrow and challenge.
