Announced details
Development of housing, offices, commercial facilities, logistics facilities and hotels, among other properties; urban development centered on stations and railway lines; revitalization of local communities; regional development; and real estate operations and investment
JR東日本不動産株式会社 is a subsidiary of East Japan Railway Company, while 伊藤忠都市開発株式会社 is a subsidiary of ITOCHU Corporation. The shareholders of the new company will be East Japan Railway Company, with a 60% stake, and ITOCHU Corporation, with a 40% stake.
East Japan Railway Company and ITOCHU Corporation will be shareholders, and the company is scheduled to be launched through the integration of JR東日本不動産株式会社 and 伊藤忠都市開発株式会社. JR東日本不動産株式会社 is based in Shinjuku-ku, Tokyo, has capital of ¥1 billion, was established in July 2024, and engages in the development of land owned by the JR East Group and the acquisition and development of real estate, among other activities. 伊藤忠都市開発株式会社 is based in Minato-ku, Tokyo, has capital of ¥10.698 billion, was established in December 1997, and engages in condominium sales, rental real estate, real estate management and consulting, among other activities.
1-6 Shinjuku 4-chome, Shinjuku-ku, Tokyo (new company headquarters)
In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.
| Item | Details |
|---|---|
| Names of Products / Services Covered | JR東日本伊藤忠不動産開発株式会社's real estate development, housing, rental real estate, real estate investment and real estate operations businesses |
| Counterparty | East Japan Railway Company, ITOCHU Corporation, JR東日本不動産株式会社, 伊藤忠都市開発株式会社 |
| Counterparty overview | East Japan Railway Company and ITOCHU Corporation will be shareholders, and the company is scheduled to be launched through the integration of JR東日本不動産株式会社 and 伊藤忠都市開発株式会社. JR東日本不動産株式会社 is based in Shinjuku-ku, Tokyo, has capital of ¥1 billion, was established in July 2024, and engages in the development of land owned by the JR East Group and the acquisition and development of real estate, among other activities. 伊藤忠都市開発株式会社 is based in Minato-ku, Tokyo, has capital of ¥10.698 billion, was established in December 1997, and engages in condominium sales, rental real estate, real estate management and consulting, among other activities. |
| Relationship with the Company | JR東日本不動産株式会社 is a subsidiary of East Japan Railway Company, while 伊藤忠都市開発株式会社 is a subsidiary of ITOCHU Corporation. The shareholders of the new company will be East Japan Railway Company, with a 60% stake, and ITOCHU Corporation, with a 40% stake. |
| Contract Date | 15 April 2026 (the date the integration agreement in the real estate business was announced; the agreement execution date itself is Not disclosed) |
| Launch date | 2026-10-01 (scheduled launch) |
| Applicable area | Development of housing, offices, commercial facilities, logistics facilities and hotels, among other properties; urban development centered on stations and railway lines; revitalization of local communities; regional development; and real estate operations and investment |
| Location | 1-6 Shinjuku 4-chome, Shinjuku-ku, Tokyo (new company headquarters) |
Items this document does not state (10)
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.The aim is to combine the JR East Group's expertise in station-centered urban development with the ITOCHU Group's development, planning and technical capabilities, among others, in order to address social issues, enhance regional value and create new value in real estate. The launch is subject to the completion of procedures required by the relevant authorities and others.