SYLA Holdings Co.,Ltd. [8887.T]
TOKYO, May 15 (Pulse News Wire) – Syla Holdings CO.,LTD. (8887.T) completed the sale of a development property located at Kanagawa, Yokohama Shi Kanagawa Ku Irie on May 15, 2026.
The transaction involved land with an area of 1713.13 square meters and was finalized based on a confidentiality agreement, with the sale price exceeding the operating profit of the previous fiscal year ending May 2025. Additionally, SYLA signed a construction contract for a residential building on the same day. The project, which includes a six-story reinforced concrete structure with a planned floor area of 3424.16 square meters, is scheduled to commence in October 2026 and conclude by August 2028. The contract value also exceeds the operating profit of the prior fiscal year but remains undisclosed due to a confidentiality clause.
Looking ahead, SYLA expects revenue and profits from the property sale to be recognized in the fourth quarter of its fiscal year ending May 2026. Revenue and profits from the construction work will be recorded throughout the project duration, contingent upon timely progress. While these transactions are not included in the current fiscal year's earnings forecast, SYLA plans to update projections promptly if necessary. Further impacts on future performance will be disclosed once determined.
🟡 Confidence: Standard AI-translated content.