Syla Technologies reports 1H EPS (Y 255.99) vs. Y 1,002.63 last year

Reports 1H revenue Y 10.6B vs. Y 9.3B last year. “We achieved a 13% revenue increase for the first half of 2024 compared to the same period in 2023,” said Chairman, Founder, and CEO Hiroyuki Sugimoto. “Our growth strategy is delivering solid results, creating a positive impact across the entire business. We also anticipate the completion of nine new projects in the second half of 2024, which we expect will boost our gross profit. Additionally, through the third-party allotment of new shares issued by CUMICA CORPORATION, our partnership is further strengthened, enhancing synergies with our development business in the coming fiscal year and beyond. Meanwhile, our real estate crowdfunding business continues to perform well, with steady growth in GMV. As part of our ongoing growth strategy, we will actively seek M&A opportunities to expand our market presence and enhance competitiveness. We remain committed to staying on track with our second-half progress, achieving diversified growth.”