# EDGAR Filing Document

**Accession Number:** 0001946216
**File Stem:** 0000000000-23-002401
**Filing Date:** 2023-3
**Character Count:** 7414
**Document Hash:** d53b688c7a435acece32e9f2f9b5ca7d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-23-002401.hdr.sgml**: 20230427

**ACCESSION NUMBER**: 0000000000-23-002401

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230313

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SYLA Technologies Co., Ltd.
- **CENTRAL INDEX KEY:** 0001946216
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE [6500]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** M0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD

**BUSINESS ADDRESS:**
- **STREET 1:** EBISU PRIME SQUARE 7F HIRAO SHIBUYA-KU
- **CITY:** TOKYO
- **STATE:** M0
- **ZIP:** 150-0012
- **BUSINESS PHONE:** 813-4560-0650

**MAIL ADDRESS:**
- **STREET 1:** EBISU PRIME SQUARE 7F HIRAO SHIBUYA-KU
- **CITY:** TOKYO
- **STATE:** M0
- **ZIP:** 150-0012
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001493152-22-026730

## Text-Extract

```

United States securities and exchange commission logo

                              March 13, 2023

       Hiroyuki Sugimoto
       Chairman and Chief Executive Officer
       SYLA Technologies Co., Ltd.
       Ebisu Prime Square Tower 7F, 1-1-39
       Hiroo, Shibuya-ku, Tokyo, Japan

                                                        Re: SYLA Technologies
Co., Ltd.
                                                            Amendment No. 5 to
Registration Statement on Form F-1
                                                            Filed February 23,
2023
                                                            File No. 333-268420

       Dear Hiroyuki Sugimoto:

             We have reviewed your amended registration statement and have the
following
       comments. In some of our comments, we may ask you to provide us with
information so we
       may better understand your disclosure.

              Please respond to this letter by amending your registration
statement and providing the
       requested information. If you do not believe our comments apply to your
facts and
       circumstances or do not believe an amendment is appropriate, please tell
us why in your
       response.

              After reviewing any amendment to your registration statement and
the information you
       provide in response to these comments, we may have additional comments.
Unless we note
       otherwise, our references to prior comments are to comments in our
February 16, 2023 letter.

       Amendment No. 5 to Registration Statement on Form F-1 filed February 23,
2023

       Management's Discussion and Analysis
       Results of Operations
       Comparison of results of operations for the six months ended June 30,
2022 and 2021
       Net Income, page 71

   1.                                                   We note the addition of
the Recent Developments section on page 64. Please tell us your
                                                        consideration for
further revising your disclosure to discuss the reason for the fluctuation
                                                        in either Income before
income taxes or Net Income, including a discussion quantifying
                                                        the mining business's
contribution, in your comparison of results for the six months ended
                                                        June 30, 2022 and 2021.
 Hiroyuki Sugimoto
SYLA Technologies Co., Ltd.
March 13, 2023
Page 2
Index to Financial Statements, page F-1

2.    We have reviewed your response to our prior comment 2. We continue to
believe that pro
      forma financial information related to the disposition of your mining
machine business is
      required since it would provide disclosure that would be material to
investors. Please
      revise to include pro forma financial statements for the appropriate
periods, in accordance
      with Rule 11-01(a)(8) of Regulation S-X.
       You may contact Babette Cooper at 202-551-3396 or Isaac Esquivel at
202-551-3395 if
you have questions regarding comments on the financial statements and related
matters. Please
contact Benjamin Holt at 202-551-6614 or Jeffrey Gabor at 202-551-2544 with any
other
questions.

                                                           Sincerely,
FirstName LastNameHiroyuki Sugimoto
                                                           Division of
Corporation Finance
Comapany NameSYLA Technologies Co., Ltd.
                                                           Office of Real
Estate & Construction
March 13, 2023 Page 2
cc:       Craig D. Linder, Esq.
FirstName LastName

```

### Attached PDF Documents

**Attachment 1:** `filename1`

![img-0.jpeg](img-0.jpeg)

CORPORATION FINANCE

# UNITED STATES  
SECURITIES AND EXCHANGE COMMISSION  
WASHINGTON, D.C. 20549

March 13, 2023

Hiroyuki Sugimoto  
Chairman and Chief Executive Officer  
SYLA Technologies Co., Ltd.  
Ebisu Prime Square Tower 7F, 1-1-39  
Hiroo, Shibuya-ku, Tokyo, Japan

**Re: SYLA Technologies Co., Ltd.**  
**Amendment No. 5 to Registration Statement on Form F-1**  
**Filed February 23, 2023**  
**File No. 333-268420**

Dear Hiroyuki Sugimoto:

We have reviewed your amended registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure.

Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response.

After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our February 16, 2023 letter.

Amendment No. 5 to Registration Statement on Form F-1 filed February 23, 2023

Management's Discussion and Analysis

Results of Operations

Comparison of results of operations for the six months ended June 30, 2022 and 2021

Net Income, page 71

1. We note the addition of the Recent Developments section on page 64. Please tell us your consideration for further revising your disclosure to discuss the reason for the fluctuation in either Income before income taxes or Net Income, including a discussion quantifying the mining business's contribution, in your comparison of results for the six months ended June 30, 2022 and 2021.

Hiroyuki Sugimoto
SYLA Technologies Co., Ltd.
March 13, 2023
Page 2

# Index to Financial Statements, page F-1

2. We have reviewed your response to our prior comment 2. We continue to believe that pro forma financial information related to the disposition of your mining machine business is required since it would provide disclosure that would be material to investors. Please revise to include pro forma financial statements for the appropriate periods, in accordance with Rule 11-01(a)(8) of Regulation S-X.

You may contact Babette Cooper at 202-551-3396 or Isaac Esquivel at 202-551-3395 if you have questions regarding comments on the financial statements and related matters. Please contact Benjamin Holt at 202-551-6614 or Jeffrey Gabor at 202-551-2544 with any other questions.

Sincerely,

Division of Corporation Finance
Office of Real Estate & Construction

cc: Craig D. Linder, Esq.