Agreements reached under this partnership
Business alliance- 1
Real estate sales and purchase brokerage
- 2
Real estate acquisition and resale
- 3
Rental property management
- 4
Referrals of real estate sales and purchase brokerage projects and acquisition and resale projects, partial outsourcing of rental property management operations, and other activities agreed through consultation.
- 5
Sales and purchase brokerage, acquisition and resale, partial outsourcing of rental property management for HR's 693 rental properties (as of the end of July 2026), and other activities agreed through consultation.
- 6
As an executive officer of the Company, Hu Hao (胡灝) will oversee AS Real Estate, promote the real estate sales and purchase business, develop real estate investment projects and expand business earnings, while strongly promoting the commercialization of projects through collaboration between the two companies.
These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.
This indicates whether the companies will do more than work together, such as holding each other’s shares or seconding personnel (capital and business alliance).
The impact of this matter on results for the current fiscal year is expected to be immaterial.
| Item | Details |
|---|---|
| Name of alliance partner | 株式会社ホームリング |
| Alliance partner's business activities | Real estate sales, purchases, leasing, management and brokerage, Real estate appraisal, Development and preparation of residential, commercial and industrial land, among others, Consulting services relating to urban and regional development, residential land preparation and related businesses, Non-life insurance agency services and life insurance solicitation services, among others |
| Alliance partner's location | Bunkyo-ku, Tokyo |
| Alliance partner's capital | ¥8 million |
| Alliance partner's net sales | ¥116,745,506 (fiscal year ended December 2023), ¥102,084,450 (fiscal year ended December 2024), ¥106,870,796 (fiscal year ended December 2025) |
| Alliance partner's operating income | ¥1,052,465 (fiscal year ended December 2023), -¥10,538,981 (fiscal year ended December 2024), -¥54,389,347 (fiscal year ended December 2025) |
| Type of alliance | Business alliance |
| Details of the alliance | Real estate sales and purchase brokerage, Real estate acquisition and resale, Rental property management, Referrals of real estate sales and purchase brokerage projects and acquisition and resale projects, partial outsourcing of rental property management operations, and other activities agreed through consultation., Sales and purchase brokerage, acquisition and resale, partial outsourcing of rental property management for HR's 693 rental properties (as of the end of July 2026), and other activities agreed through consultation., As an executive officer of the Company, Hu Hao (胡灝) will oversee AS Real Estate, promote the real estate sales and purchase business, develop real estate investment projects and expand business earnings, while strongly promoting the commercialization of projects through collaboration between the two companies. |
| Dispatch of directors and officers | Hu Hao (胡灝), representative director of HR, will be appointed as an executive officer of the Company and representative director of AS Real Estate. |
| Date of board resolution | 23 October 2026 |
| Contract Date | 23 October 2026 |
| Impact on Business Performance | The impact of this matter on results for the current fiscal year is expected to be immaterial. |
Items this document does not state (11)
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.To enhance the corporate value of the Group and strengthen its business base, the Company will make more robust use of the real estate business expertise, personnel and project information held by 株式会社ホームリング and its representative, thereby accelerating the monetization of AS Real Estate.