UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of May 2023
Commission File Number 001-41662
SYLA Technologies Co., Ltd.
(Exact name of registrant as specified in its charter)
Ebisu Prime Square Tower 7F, 1-1-39
Hiroo, Shibuya-ku, Tokyo, Japan
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
☒ Form 20-F ☐ Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
On May 17, 2023, SYLA Technologies Co., Ltd. (the “Company”) issued a press release, attached hereto as Exhibit 99.1 and incorporated herein by reference, announcing financial guidance for the full-year 2023, and a plan to double the dividend per share (1 share = 100 ADRs) from ¥70 ($0.52) per share to ¥140 ($1.04) per share for the year ending December 31, 2023, compared to 2022. Dividends, if any, will be declared by the Company’s Board of Directors, in its sole discretion. There can be no assurance that a dividend will be declared, regardless of the Company’s full-year 2023 performance and results of operations, or that a dividend, if declared, will be in a certain amount.
The Company also issued a press release, attached hereto as Exhibit 99.2 and incorporated herein by reference, on May 17, 2023 announcing that it will begin preparations to establish an employee stock purchase plan. If adopted, the employee stock purchase plan would enable employees to purchase, at a discount, the Company’s securities. The employee stock purchase plan is intended to enhance the Company’s corporate value by giving employees a stronger perspective as investors and managers. The plan is also aimed at further enhancing employee benefits by providing a 20% incentive contribution in purchasing the Company’s securities. The Company expects to launch the plan on or about July 1, 2023.
Beginning on May 17, 2023, the Company’s management will deliver the investor presentation attached hereto as Exhibit 99.3 and incorporated herein by reference.
The information contained in any website is not a part of this Form 6-K. The press releases and investor presentation furnished in this report as Exhibits 99.1, 99.2 and 99.3, respectively, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.
Exhibit Index
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| | SYLA TECHNOLOGIES CO., LTD. |
| | | |
| Date: May 17, 2023 | By: | /s/ Hiroyuki Sugimoto |
| | Name: | Hiroyuki Sugimoto |
| | Title: | Chief Executive Officer |
