TOKYO, February 27, 2024 - At the Director meeting held on February 27, 2024, the Company resolved to begin establishing a new base in Taiwan. The details are as follows:

Through this transaction, we hope to strengthen synergies with our existing businesses in Greater China and further accelerate the global expansion of our online real estate business.

Since our founding in 2013, we have upheld our management philosophy of "Create a world-leading company" and have worked to improve customer experience by utilizing technologies such as AI and RPA to streamline operations and move them online. As a result, we have been recognized for our DX promotion in the analog industry, including being the only company in the growth market to be selected as a digital transformation stock for three consecutive years (※1).

RENOSY, the online Real estate investment service brand developed by our company, uses technology to provide mainly online services for considering, purchasing, managing, and selling Real estate investment, and has been ranked No. 1 in the nation in sales performance for used condominium investments for four consecutive years since 2020 (※2).

We are focusing on business expansion not only in Japan but also overseas, and in 2020 we acquired the "Shenjumiaosuan" business, which has a top-class share as a Japanese real estate platform for Real estate investment in the Chinese region. In 2022, we also integrated Dear Life Corporation Ltd., which has the top share in the real estate rental brokerage business for foreign expatriates in the Kingdom of Thailand (※3), and have focused on expanding our overseas business in Asia.

Among Asian countries, Taiwan is expected to record approximately 4.2 million visitors in 2023, surpassing China (approximately 2.43 million) and Hong Kong (approximately 2.11 million), indicating a high level of interest in Japan (*4). Furthermore, it has been found that Real estate investment in the Chinese region are currently very enthusiastic about investing in Japanese real estate (*5), so we have begun considering establishing a new base in Taiwan and conducting marketing and sales activities.

Once the new offices are established, our network will expand to 53 offices in six countries and regions. We will continue to use the know-how we have cultivated to further promote the global expansion of online real estate.