Our subsidiary ITANDI, Inc.(Headquarters: Minato-ku, Tokyo; Representative Director:Shinpei Noguchi; hereinafter “Itanji”) is pleased to announce that the total number of rental users of the Nomad Cloud Rental, a customer management (CRM) and sales support system for real estate leasing brokers, has exceeded one million in approximately two and a half years since the service started in October 2017. (*)

<Background>
Even in the real estate industry, which is said to be analog, there is a strong demand for technologicalization of real estate services due to the rise of digital natives and the development of communication environments such as the upcoming 5G. Communication via smartphones is particularly important, and according to a survey by the Association of Real Estate Information Site Business Operators, in 2015, 84.6% of people used smartphones to search for properties on the Internet, greatly exceeding the use of computers.
In addition, the Ministry of Land, Infrastructure, Transport and Tourism has also achieved certain results in the demonstration experiment of explaining important matters using IT ("IT heavy theory"), which started in 2017. We have announced that we will start a social experiment and the next demonstration experiment in the rental area. In response to this trend, it is expected that the digitalization of not only contracts but also searches, inquiries, Showing, applications, and the entire rental transaction will accelerate.

We will contribute to the provision of user-friendly real estate services through the real estate services of the entire group.