Announced details
The latest year-on-year increase in the Repeat Rent Index is +4–5%
The proportion of new rental contracts involving rent increases has risen from approximately 30% around 2023 to approximately 60% most recently
The average change in rent at the time of a new contract is currently approximately +5%
Itandji's primary data has been accumulated from approximately 4,800 real estate rental management and brokerage companies nationwide. Nowcast supports more than 250 companies in Japan and overseas.
The counterparty is jointly developing a rent index with Itandji. Itandji is a group company of GA technologies.
Sumitomo Fudosan Kudan Building, 9th Floor, 1-8-10 Kudan-kita, Chiyoda-ku, Tokyo; Representative Director and CEO Tsujinaka Hitoshi (辻中仁士); established in February 2015; provides data analytics services using big data
Sumitomo Fudosan Kudan Building, 9th Floor, 1-8-10 Kudan-kita, Chiyoda-ku, Tokyo (Nowcast)
The impact on the Company's financial results is expected to be minor.
The company does not address Contract Value / Offering price.
Ministry of Internal Affairs and Communications, Consumer Price Index (CPI)
| Item | Details |
|---|---|
| Names of Products / Services Covered | New rent index, Repeat Rent Index, Economic indicator service |
| Counterparty | Nowcast, Inc. |
| Counterparty overview | Sumitomo Fudosan Kudan Building, 9th Floor, 1-8-10 Kudan-kita, Chiyoda-ku, Tokyo; Representative Director and CEO Tsujinaka Hitoshi (辻中仁士); established in February 2015; provides data analytics services using big data |
| Relationship with the Company | The counterparty is jointly developing a rent index with Itandji. Itandji is a group company of GA technologies. |
| Launch date | Planned for future provision (specific timing: Not disclosed) |
| Applicable area | Analysis of the real estate rental market, Policymaking, Data utilization for the real estate industry, Data utilization for financial institutions |
| Location | Sumitomo Fudosan Kudan Building, 9th Floor, 1-8-10 Kudan-kita, Chiyoda-ku, Tokyo (Nowcast) |
| Quantitative Effects | The latest year-on-year increase in the Repeat Rent Index is +4–5%, The proportion of new rental contracts involving rent increases has risen from approximately 30% around 2023 to approximately 60% most recently, The average change in rent at the time of a new contract is currently approximately +5% |
| Usage history | Itandji's primary data has been accumulated from approximately 4,800 real estate rental management and brokerage companies nationwide. Nowcast supports more than 250 companies in Japan and overseas. |
| Impact on Business Performance | The impact on the Company's financial results is expected to be minor. |
| Source | Ministry of Internal Affairs and Communications, Consumer Price Index (CPI) |
Items this document does not state (7)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Comprehensive and timely official data is lacking in the rental market, making it difficult to assess rent trends and vacancy rates. The companies aim to provide data useful for private-sector management decisions and policymaking.