The Company has resolved to establish a subsidiary at the Director meeting held today.

The capital amount of the company is equivalent to more than 10/100 of the capital amount of the company, and it plans to become a specified subsidiary of our company.

Our company develops and operates Renosy, a comprehensive platform for used real estate that utilizes AI, based on our management philosophy of “impressing people with technology and innovation.” Since its founding in 2013, the number of Renosy members has steadily increased, and the service now has over 20,000 members. Recently, we have started providing crowdfunding services for real estate and rent guarantee services for tenants, and are actively promoting the expansion of services for individuals (BtoC). In addition, in terms of corporate services (B2B), we have started providing an online real estate loan screening system to financial institutions, and we plan to further enhance it in the future. By streamlining and optimizing various services and operations related to real estate through the use of technology, regardless of whether they are for individuals or companies, we aim to improve the experience of customers, users, and all people involved in our business. I look forward to changing it for the better.

As part of these efforts, the new company aims to be registered as a Money Lending Business, a Type II Financial Instruments Business, and an Investment Management Business in order to expand its business in the financial sector, which is closely related to real estate transactions. aims to create a new real estate transaction experience through the fusion of FinTech (fintech) and ReTech (real estate tech).

At this time, we believe that the impact of this matter on the earnings forecast for the current consolidated fiscal year will be minor, but we will promptly disclose any necessary revisions or matters to be announced in the future.