SYLA Technologies Subsidiary SYLA Solar Announces Issuance of Series 1 Unsecured Bonds

BY GlobeNewswire | CORPORATE | 03/28/24 09:00 AM EDT

TOKYO, March 28, 2024 (GLOBE NEWSWIRE) -- SYLA Technologies Co., Ltd. (SYT) (?SYLA? or ?the Company?), operator of the largest membership real estate crowd-funding platform in Japan, Rimawari-kun, announced its subsidiary, SYLA Solar Co., Ltd. (?SYLA Solar?), has successfully raised 50 million yen in bank guaranteed private placement bonds provided by Aichi Bank, Ltd.

Purpose of Fundraising
Under the slogan ?Solar Power for Everyone?, SYLA Solar is committed to driving innovation and the widespread adoption of renewable energy technologies. This fundraising initiative aims to fortify SYLA Solar?s business operations and facilitate further growth. Specifically, the funds will be allocated towards advancing investment in research and development efforts to promote the development of new technologies and products. This includes the expansion of its production facilities to streamline and reinforce the mass production system and improve its capacity to supply products to the markets. Additionally, SYLA Solar intends to improve customer satisfaction and expand its market share by broadening sales channels and enhancing customer service. Through these endeavors alongside the recent business alliance with LIVE THE CREATIVE, SYLA Solar is poised not only to strengthen its operational capabilities but also to make further contributions to the promotion of sustainable energy.

Overview of The Bank Guaranteed Private Placement Bonds Provided by Aichi Bank, Ltd.
Trustee/Underwriter: Aichi Bank, Ltd.
Name: Series 1 Unsecured Bonds
Issue amount: 50,000,000 yen
Issue date: March 25, 2024
Final maturity date: March 23, 2029
Use of funds: Business working capital

SYLA Solar Co., Ltd.
Head Office: Land Square Marunouchi 2F, 2-18-14 Marunouchi, Naka-ku, Nagoya, Aichi, Japan
Representative Director: Takeshi Fuchiwaki
Establishment: August 2013
Capital: 46,000,000 yen

About SYLA Technologies Co., Ltd. (SYT)
Headquartered in Tokyo, Japan, SYLA Technologies Co., Ltd. (SYT) (?SYLA? or ?the Company?) owns and operates the largest membership real estate crowd-funding platform in Japan, Rimawari-kun, which targets individuals, corporate and institutional investors, as well as high net worth individuals. SYLA?s mission is to democratize real estate investment around the world through technology and asset management through the Rimawari-kun platform. SYLA (SYT) is engaged in the overall investment condominium business, including planning, development, construction, sales, rental management, building management, repair work, and the sale of properties. Additional information about the Company?s products and services is available at?

Contact Information
Gateway Group, Inc.
John Yi and Steven Shinmachi
Tel +1 (949) 574-3860

SYLA Technologies Company Contact
Hajime Sugino
Head of SYLA USA


Image: Primary Logo

Source: SYLA Technologies Co., Ltd. (SYT)

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.