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Business alliance5535MIGALO HOLDINGS Inc.Real Estate

MIGALO HOLDINGS subsidiary DXYZ’s facial recognition ID platform “FreeiD” introduced at STARTS DEVELOPMENT’s first all-facial-recognition apartment building, “Proceed Kameido 2”

DXYZ's face recognition ID platform "FreeiD" will be deployed at "Proceed Kameido 2," a rental apartment building being developed by Starts Development. Face recognition will be enabled for the entrance, parcel lockers, bicycle parking area and the entrances to individual units.

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Agreements reached under this partnership

Business alliance
5535MIGALO HOLDINGS Inc.
Alliance partnerStarts Development Co., Ltd.
Details of the alliance
  1. 1

    The face recognition ID platform "FreeiD" will be deployed at the property's main entrance, secondary entrance, parcel lockers, bicycle parking area and individual units.

These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.

About the partner
Business DescriptionPlanning, development, sales and operation of condominiums, subdivided townhouses, detached houses, REIT properties and commercial facilities, among others
LocationChuo-ku, Tokyo
Agreements reached under this partnership
ItemDetails
Name of alliance partnerStarts Development Co., Ltd.
Alliance partner's business activitiesPlanning, development, sales and operation of condominiums, subdivided townhouses, detached houses, REIT properties and commercial facilities, among others
Alliance partner's locationChuo-ku, Tokyo
Type of allianceBusiness alliance
Details of the allianceThe face recognition ID platform "FreeiD" will be deployed at the property's main entrance, secondary entrance, parcel lockers, bicycle parking area and individual units.
Items this document does not state (18)
Alliance partner's capitalAlliance partner's net salesAlliance partner's operating incomeNumber of shares acquiredAcquisition priceShareholding ratioOverview of the joint ventureOwnership ratioDispatch of directors and officersContract PeriodNumerical targets under the allianceShareholding PolicyDate of board resolutionContract DateAlliance start dateShare Acquisition Date and Payment DateImpact on Business PerformanceChange in major shareholders

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The reasons the company gives

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To provide a residential environment that combines the convenience of reaching one's unit using face recognition alone, without carrying a key, with security.

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MIGALO HOLDINGS subsidiary DXYZ’s facial recognition ID platform “FreeiD” introduced at STARTS DEVELOPMENT’s first all-facial-recognition apartment building, “Proceed Kameido 2” | MIGALO HOLDINGS Inc. (5535) timely disclosure | Komori