SecProbe.io

CORRESP
1
filename1.htm

LOGPROSTYLE
INC.

December
4, 2024

Via
EDGAR

Division
of Corporation Finance

Office
of Real Estate & Construction

U.S.
Securities and Exchange Commission

100
F Street, NE

Washington,
D.C., 20549

    Attention:

    Peter
    McPhun

    Wilson
    Lee

    Benjamin
    Holt

    Pam
    Long

    Re:
    LOGPROSTYLE
    INC.

    Registration
    Statement on Form F-1

    Filed
    November 15, 2024

    File
    No. 333-283286

Ladies
and Gentlemen:

This
letter is in response to the letter dated November 27, 2024, from the staff (the “Staff”) of the U.S. Securities and Exchange
Commission (the “Commission”) addressed to Yasuyuki Nozawa, Representative Director, President and Chief Executive Officer
of LOGPROSTYLE INC. (the “Company,” “we” and “our”). For ease of reference, we have recited the Commission’s
comments in this response and numbered them accordingly. An amended registration statement on Form F-1 (“Amendment to the Registration
Statement”) is being submitted to accompany this letter.

Registration
Statement on Form F-1 filed November 15, 2024

Cover
Page

1.
Please revise the Public Offering Prospectus cover page to disclose that the Selling Shareholder will be offering his shares pursuant
to the Resale Prospectus at market prices. In this regard, we note that you state that the Resale Shares may be sold at prevailing market
prices, prices related to prevailing market prices or at privately negotiated prices.

Additionally,
please revise the Resale Prospectus cover page to clearly state that the resale will occur only after the closing of your initial public
offering under the Public Offering Prospectus.

Response:
In response to the Staff’s comments, we revised our disclosure on the Public Offering Prospectus cover page and the Resale Prospectus
cover page of the Amendment to the Registration Statement.

Dilution,
page 36

2.
Reference is made to your narrative disclosure related to your calculation of pro forma net tangible book value. Please tell us and expand
your narrative disclosure to quantify the amounts related to net proceeds of this offering, underwriting discounts and commissions, and
the estimated offering expenses payable. Such amounts should be consistent with amounts disclosed in other parts of your filing.

Response:
In response to the Staff’s comments, we revised our disclosure on page 36 of the Amendment to the Registration Statement.

3.
Within the last sentence of the third paragraph, you indicate that there is an immediate decrease in net tangible book value of $3.22
to existing shareholders and an immediate increase of $0.25 to purchasers in this offering. However, the tabular information following
this disclosure seems to indicate that the opposite scenario exists where there is an increase of $0.25 to existing shareholders and
an immediate dilution to new purchasers in this offering. Please clarify and/or revise accordingly.

Response:
In response to the Staff’s comments, we revised our disclosure on page 36 of the Amendment to the Registration Statement.

Management’s
Discussion and Analysis of Financial Condition and Results of Operations

Key
Financial Performance Indicators, page 43

4.
We note your response to prior comment 8. Please further revise to disclose your occupancy rate and average daily rate metrics for each
of the periods presented.

Response:
In response to the Staff’s comments, we revised our disclosure on page 43 of the Amendment to the Registration Statement.

Business

Residential
Real Estate Development, page 56

5.
We note your response to prior comment 16. Please revise to reconcile your discussion of the typical total floor area of each of your
Family Type Condominium and Compact Condominium. For example, we note your disclosure that Family Type Condominium units may offer a
total floor area of approximately 18,000 square feet, while the total floor area of Compact Condominium units is typically 5,300 tsubo,
or approximately 188,593 square feet. However, these figures suggest that your Family Type Condominium units are in fact smaller than
your Compact Condominium units.

Response:
In response to the Staff’s comments, we revised our disclosure on page 56 of the Amendment to the Registration Statement.

One-stop
services, page 61

6.
We note your response to prior comment 18 and reissue. Please reconcile disclosure here that you integrate all important processes in
your renovation and resale business with disclosure on page 41 and elsewhere that you engage contractors to select raw materials and
renovate and construct substantially all of your condominiums. In this regard, we note that your disclosure here suggests that contractors
are not important or essential to your renovation and resale business, despite your disclosures elsewhere that the timing and quality
of your renovation and construction depend on the availability, skill and performance of your contractors.

Response:
In response to the Staff’s comments, we revised our disclosure on page 61 of the Amendment to the Registration Statement.

Exhibits

7.
We note your response to prior comment 21. Please tell us whether you have any agreements with Yasuyuki Nozawa in connection with his
guarantee of working capital loans, and if so, the material terms of the agreements and what consideration you gave to Item 601(b)(10)(ii)(A)
of Regulation S-K in determining that these were not material contracts.

Response:
We respectfully advise the Staff that there is no agreement between the Company and Yasuyuki Nozawa in connection with his guarantee
of working capital loans.

General

8.
We note your response to prior comment 23, including your disclosure in the risk factor “Our reliance on imported solid wood from
the United States” on page 17. As applicable, please expand your risk factor to address your need for an increased supply of imported
solid wood as the result of your business expansion plans, as discussed elsewhere in the prospectus.

Additionally,
to the extent your supply of imported solid wood may be impacted by currency exchange rates, trade policies, tariffs, and/or environmental
regulations of China, please expand your risk factor to address these risks. In this regard, we note that Yantai Propolife, your subsidiary
organized under Chinese law, manufactures natural solid wood products from wood supplied from North America, which products are then
shipped to Japan, as you explain on page 61.

Response:
In response to the Staff’s comments, we revised our disclosure on page 17 of the Amendment to the Registration Statement.

9.
We note your disclosure in the risk factor “Our reliance on imported solid wood from the United States” on page 17 suggests
that you source wood from a single supplier, a U.S. hardwood lumber company. Please describe the material terms of any agreement for
the supply of your wood in the Business section of the prospectus, and file a copy of the agreement as an exhibit to the registration
statement pursuant to Item 601(b)(10)(ii)(B).

Response:
In response to the Staff’s comments, we revised our disclosure on page 61 of the Amendment to the Registration Statement. The English
translation of the form of sales agreement is being filed as an exhibit to the Amendment to the Registration Statement.

10.
Please revise the Selling Shareholder section of the Resale Prospectus on page Alt-3 to describe the material terms of the transaction(s)
pursuant to which the Selling Shareholder was issued the common shares being offered by him, including the date, the offering price,
and the amount of consideration.

Response:
In response to the Staff’s comments, we revised our disclosure on page Alt-3 of the Amendment to the Registration Statement.

*
* * * * * * * * * * * * *

In
responding to your comments, the Company acknowledges that:

    ●
    the
    Company is responsible for the adequacy and accuracy of the disclosure in the filing;

    ●
    Staff
    comments or changes to disclosure in response to Staff comments do not foreclose the Commission from taking any action with respect
    to the filing; and

    ●
    the
    Company may not assert Staff comments as a defense in any proceeding initiated by the Commission or any person under the federal
    securities laws of the United States.

We
appreciate the assistance the Staff has provided with its comments. If you have any questions, please do not hesitate to call our counsel,
Ying Li, Esq., of Hunter Taubman Fischer & Li LLC, at (212) 530-2206.

Very
truly yours,

    /s/
    Yasuyuki Nozawa

    Name:

    Yasuyuki
    Nozawa

    Title:

    Chief
    Executive Officer

cc:
Ying Li, Esq.

Hunter
Taubman Fischer & Li LLC