LGPSNYSEOperative BuildersUS GAAP · USD

LogProstyle Inc

LogProstyle Inc. is a Japan-based real estate and hospitality company headquartered in Tokyo and listed on the NYSE American. Its business spans real estate development, hotel management, and restaurant management, reflecting a mixed operating model that combines property-related projects with consumer-facing services.

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Revenue22.2bn USD
+7.6 %y/y
Operating profit (EBIT)1,572m USD
+17.1 %y/y
EBIT margin7.1%
+0.6 ppy/y
Net income760m USD
+0.8 %y/y
Free cash flow-3,836m USD
−600.0 %y/y

Fiscal year 2026 · change from previous year

Development 2023–2026

0510152025bn USD2023: 13.3 bn USD2023: EBIT 0.92 bn USD20232024: 14.1 bn USD2024: EBIT 0.94 bn USD20242025: 20.7 bn USD2025: EBIT 1.3 bn USD20252026: 22.2 bn USD2026: EBIT 1.6 bn USD202622.21.6
RevenueOperating profit (EBIT)
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Business

Share of revenue
Real estate development45 %

Development of residential and related property projects in Japan.

Hotel management30 %

Operation and management of hotel properties and guest services.

Restaurant management20 %

Operation of restaurant venues and food service businesses.

Other lifestyle projects5 %

Smaller lifestyle-related business initiatives tied to the company theme.

Customers

LogProstyle serves property buyers and users in the Japanese real estate market, along with hotel guests and restaurant patrons. Its demand base therefore combines transaction-driven real estate customers with recurring end users of hospitality and food service offerings.

Real estate buyers

Individuals or investors purchasing developed condominium or property assets.

Hotel guests

Travelers and visitors using the company’s hotel management properties.

Restaurant patrons

Local and visiting customers purchasing meals and dining experiences.

Lifestyle project users

Customers attracted by the company’s broader lifestyle and hospitality concepts.

Strategy

LogProstyle’s strategy is built around combining real estate development with hospitality and restaurant operations under a lifestyle theme. This mix allows the company to create branded projects that can generate value at different points in the customer experience, from property development through ongoing service operations.

Lifestyle brand integrationMedium term

A unified brand can connect development, hospitality, and dining into one customer proposition.

Tokyo market focusMedium term

The Tokyo metropolitan area is the core demand center for Japanese real estate and hospitality.

Multi-business monetizationLong term

Combining project sales with operating businesses can diversify revenue sources and customer touchpoints.

Geography

The company is headquartered in Tokyo, Japan, and its reported business context is centered on the greater Tokyo metropolitan area. It is also a U.S.-listed issuer, so its corporate and disclosure framework spans Japan-based operations and U.S. capital markets.

Risks

LogProstyle is exposed to cyclical Japanese real estate demand, hotel occupancy trends, and consumer spending in restaurants. Because the business spans development and operating assets, it also depends on project execution, asset utilization, and the stability of management estimates used in financial reporting.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Japanese real estate cycle exposure1Hospitality demand volatility2Project execution risk3Estimation and valuation risk4Restaurant traffic sensitivity5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Japanese real estate cycle exposureImpact: HighLikelihood: Medium

    Development activity depends on property demand, pricing, and timing in the Tokyo market.

    Exposure: Residential and mixed-use development

  2. Hospitality demand volatilityImpact: HighLikelihood: Medium

    Hotel revenue is tied to occupancy, pricing, and travel patterns that can shift quickly.

    Exposure: Hotel management

  3. Project execution riskImpact: HighLikelihood: Medium

    Development projects require land, permits, contractors, and timing discipline to complete as planned.

    Exposure: Real estate development

  4. Estimation and valuation riskImpact: MediumLikelihood: High

    Property, lease, and asset values can require judgment and affect reported earnings and equity.

    Exposure: U.S. GAAP estimates and judgments

  5. Restaurant traffic sensitivityImpact: MediumLikelihood: Medium

    Dining revenue depends on discretionary consumer spending and foot traffic.

    Exposure: Restaurant management

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Accounting

Judgemental items
Use of estimates

Management judgment affects asset, liability, revenue, and expense measurement.

Impact: Can materially change reported earnings and balance sheet values

Impairment assessment

Real estate, hotel, and other operating assets may need value testing if conditions weaken.

Impact: Could reduce carrying values and profit

Revenue timing

Project-based development and service operations may recognize revenue at different times.

Impact: Affects comparability across quarters

Seasonality

Hospitality and restaurant demand can fluctuate by travel and consumer patterns.

Impact: Quarterly results may not be directly comparable

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Last updated: 28/09/2026