LogProstyle Co., Ltd. Announces Cancellation of Share Repurchase Program and Consideration of Special Dividend

LogProstyle Co., Ltd. (NYSE American: LGPS) (Headquarters: Minato-ku, Tokyo; President and CEO: Yasuyuki Nozawa; hereinafter "LogProstyle" or the "Company") today announced the cancellation of its share repurchase program and the consideration of implementing a special dividend.

The Company has been implementing a share repurchase program, but after comprehensively considering the progress of repurchases under this program and the current market environment, we have decided to cancel this program for the purpose of more effective capital policy and enhancement of shareholder returns.

Furthermore, the Company's Board of Directors (the "Board") is considering the implementation of a special dividend funded by the remaining balance of the unused share repurchase authorization. The final decision on the special dividend is expected to be made at the Board meeting scheduled for May 15, 2026.

The implementation of the special dividend is subject to certain conditions, including the audit approval by Japanese statutory auditors of the financial statements for the fiscal year ending March 31, 2026. Additionally, the implementation of the special dividend, the dividend amount, and the payment timing are not yet determined at this point.

The decision, payment, and amount of future dividends will be determined at the discretion of the Board, based on factors such as our financial condition, results of operations, capital requirements, legal regulations, restrictions under debt agreements, regulatory constraints, and other factors the Board deems appropriate. Also, our dividend policy may be changed, suspended, or discontinued at any time at the discretion of the Board.

Details regarding the special dividend (such as dividend amount, record date, payment date, etc.) will be promptly announced once decided by the Board.

President and CEO Yasuyuki Nozawa stated as follows:

"We are continuously reviewing our capital allocation to achieve long-term corporate value enhancement. This matter involves considering the possibility of reallocating the unused balance of the share repurchase authorization to a special dividend, aiming to strengthen shareholder returns while maintaining flexibility in our financial strategy."

Disclaimer Regarding Forward-Looking Statements

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 potential reallocation of the unused share repurchase authorization to a special dividend, the possibility of such a dividend being paid, the prospective amount of the dividend, and our capital allocation 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 stated or implied. These risks and uncertainties include changes in tax guidance, regulatory changes, and the risk factors described in our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (SEC) on July 7, 2025, as well as in our other filings with the SEC.