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Business Alliance5843Nippon Insure Co.,Ltd.Financials (excluding banks)

Notice Regarding the Business Alliance with WAKLUS Co., Ltd.

Nippon Insure will begin a business alliance with WAKLUS, which provides rental services for foreign nationals. The companies will combine WAKLUS’s tenant support and master lease agency services with Nippon Insure’s rent debt guarantees to develop the acceptance environment, expand guarantee services and pursue joint sales activities.

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Agreements reached under this partnership

Business Alliance
5843Nippon Insure Co.,Ltd.
Alliance partnerWAKLUS Co., Ltd.
Details of the alliance
  1. 1

    Developing the acceptance environment for rental housing for foreign nationals

  2. 2

    Expanding the provision of guarantee services

  3. 3

    Coordination of sales activities

  4. 4

    Enhancing the service delivery structure

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 DescriptionReal estate rental services for foreign nationals, master lease agency services and related businesses
LocationToshima-ku, Tokyo
Impact on Business Performance

The impact of this alliance on the Company’s results is currently expected to be minor. Over the medium to long term, however, the Company expects the alliance to contribute to expanding business opportunities and strengthening its earnings base, against the backdrop of growth in the rental market for foreign nationals.

Agreements reached under this partnership
ItemDetails
Name of alliance partnerWAKLUS Co., Ltd.
Alliance partner's business activitiesReal estate rental services for foreign nationals, master lease agency services and related businesses
Alliance partner's locationToshima-ku, Tokyo
Type of allianceBusiness Alliance
Details of the allianceDeveloping the acceptance environment for rental housing for foreign nationals, Expanding the provision of guarantee services, Coordination of sales activities, Enhancing the service delivery structure
Impact on Business PerformanceThe impact of this alliance on the Company’s results is currently expected to be minor. Over the medium to long term, however, the Company expects the alliance to contribute to expanding business opportunities and strengthening its earnings base, against the backdrop of growth in the rental market for foreign nationals.
Items this document does not state (17)
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 DateChange in major shareholders

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.

Growth is expected in the rental housing market for foreign nationals, against the backdrop of an increase in foreign workers and international students. The alliance is intended to strengthen the service delivery structure in the rental business for foreign nationals and accelerate expansion into this growing market.

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Notice Regarding the Business Alliance with WAKLUS Co., Ltd. | Nippon Insure Co.,Ltd. (5843) timely disclosure | Komori