LogProstyle (LGPS) announces AGM approvals

LogProstyle Inc. (NYSE American: LGPS) (the “Company” or “LogProstyle”), headquartered in Minato-ku, Tokyo, Japan, announced today that all matters presented at its Annual General Meeting of Shareholders (“AGM”) held on June 30, 2025 were approved. A total of 18,724,644 shares were represented at the AGM, in person or by proxy, indicating 79.27% participation of shareholders eligible to vote.

In particular, the shareholders approved:

Election of Ten (10) Directors

Shareholders approved the appointment of ten directors to the Board of Directors (“BoD”), with a term in office changing from two years to one year. Five of the elected directors are considered Independent, and the newly elected board is composed of experienced professionals who will guide the Company in its next phase of growth and innovation. The newly elected BoD includes Yasuyuki Nozawa, Satoshi Oyamatsu, Taiji Ito, Kentaro Tachibana, Katharyn (Katie) Field, Tamotsu Moriyama (independent), Seishi Miyajima (independent), Izumi Takemoto (independent), Hajime Yamashita (independent), and John A. Stapleton (independent).

Establishment of a Performance Share Plan

Also approved at the AGM is the establishment of a Performance Share Plan (the “Plan”) with post-vetting delivery and related remuneration for directors (excluding independent directors), executive officers, and directors of subsidiaries. The total amount of monetary claims and cash to be granted under the Plan to the Eligible Directors for each Performance Evaluation Period shall not exceed JPY 200 million (excluding salaries for Directors who also serve as employees), and the total number of Company Shares to be delivered shall not exceed 500,000 shares per Performance Evaluation Period. The Achievement Rate of Performance Targets is based on performance indicators (financial and/or non-financial) reflective of the Group’s profitability and management policies, as determined by resolution of the BoD in advance.

Shareholders also approved:

• Non-Consolidated Financial Statements for the 8th Fiscal Year (April 1, 2024 to March 31, 2025);
• Amendments to the Articles of Incorporation;
• Election of KSM & Partners Audit Corporation as its Accounting Auditor; and
• Approval of a dividend in the amount of USD 0.023 per share, or USD 543 thousand, in total, payable on August 5, 2025, to the Company’s holders of record at the close of business on July 7, 2025.

The full vote results will be filed in a report with the Securities and Exchange Commission and posted on the Investor Relations section on the Company’s website.

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