Syla Technologies announces gain on sales of investment securities

SYLA Technologies announced the sale of a segment of its investment securities holdings, resulting in a profit of 96 million yen. On April 11, 2024, SYLA executed the sale of one listed stock from its investment portfolio, resulting in a total gain on sales of 96 million yen. SYLA intends to utilize the net proceeds to enhance asset efficiency and fortify the company’s financial structure. The sale will be recorded as other income for both the consolidated and non-consolidated accounting periods of the fiscal year ending December 31, 2024. The effects of the sale, alongside other factors, are currently being reviewed. Any necessary adjustments to the earnings forecast will be promptly announced.