SYLA Holdings Completes Settlement for Acquisition of Development Land for Real Estate Sales
SYLA Holdings has announced that its consolidated subsidiary, SYLA Co., Ltd., has completed the acquisition of land in Futaba, Shinagawa Ward, Tokyo, for the development of a new condominium project. The project is expected to contribute to the company's financial results from the fiscal year ending May 2028 onwards.
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- 📰 Published: April 1, 2026 at 00:30
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SYLA Holdings Co., Ltd. (Headquarters: Shibuya-ku, Tokyo; Representative Director and Chairman: Hiroyuki Sugimoto; Securities Code: 8887; hereinafter "the Company") hereby announces that its consolidated subsidiary, SYLA Co., Ltd. (hereinafter "SYLA"), has completed the settlement for the acquisition of the development land for real estate sales described below.
Development Project Overview
Location: Futaba, Shinagawa-ku, Tokyo
Usage: Land and apartment building
Site Area: 568.96 m² (registered)
Total Floor Area: 1,314.06 m² (planned)
Structure: Reinforced concrete, flat roof, 5 stories above ground
This property was acquired for the purpose of constructing and selling a new condominium.
The Shimoshinmei area, where this property is located, offers access to multiple train stations within walking distance. It is a highly comfortable residential area that balances the central functions of Shinagawa Ward with quiet residential streets and lush parks.
To continue supporting our customers' asset formation, the Company will continue to actively promote development projects in areas where future appreciation in asset value is expected.
Please check our website for further details.
https://syla-holdings.jp/ir/investor_relations/
Future Outlook
The contribution of this development land acquisition to the Company's financial results is expected to begin from the fiscal year ending May 2028.
SYLA Holdings Co., Ltd. Company Overview
Headquarters: Ebisu Prime Square 7F, 1-1-39 Hiroo, Shibuya-ku, Tokyo
Representative Director and Chairman, Group Executive Officer CEO: Hiroyuki Sugimoto
Founded: September 1970
Capital: 2,363 million yen
Business Activities: Comprehensive real estate business, construction business, renewable energy business, real estate tech business
Website: https://syla-holdings.jp
[Inquiries regarding this matter]
SYLA Holdings Co., Ltd.
Contact: Corporate Communications Department, Kubo
Development Project Overview
Location: Futaba, Shinagawa-ku, Tokyo
Usage: Land and apartment building
Site Area: 568.96 m² (registered)
Total Floor Area: 1,314.06 m² (planned)
Structure: Reinforced concrete, flat roof, 5 stories above ground
This property was acquired for the purpose of constructing and selling a new condominium.
The Shimoshinmei area, where this property is located, offers access to multiple train stations within walking distance. It is a highly comfortable residential area that balances the central functions of Shinagawa Ward with quiet residential streets and lush parks.
To continue supporting our customers' asset formation, the Company will continue to actively promote development projects in areas where future appreciation in asset value is expected.
Please check our website for further details.
https://syla-holdings.jp/ir/investor_relations/
Future Outlook
The contribution of this development land acquisition to the Company's financial results is expected to begin from the fiscal year ending May 2028.
SYLA Holdings Co., Ltd. Company Overview
Headquarters: Ebisu Prime Square 7F, 1-1-39 Hiroo, Shibuya-ku, Tokyo
Representative Director and Chairman, Group Executive Officer CEO: Hiroyuki Sugimoto
Founded: September 1970
Capital: 2,363 million yen
Business Activities: Comprehensive real estate business, construction business, renewable energy business, real estate tech business
Website: https://syla-holdings.jp
[Inquiries regarding this matter]
SYLA Holdings Co., Ltd.
Contact: Corporate Communications Department, Kubo