Japan Exchange : 〔Delayed〕FY2019.10 Financial Results presentation material

GA Technologies Co., Ltd.

FY2019.10

Financial Results

Nov 1, 2018 - Oct 31, 2019

December 9, 2019

Securities code: 3491

P H I L O S O P H Y

Technology × Innovation to Inspire the world

V I S I O N

Create a world-leading company

2

FY2019.10

Financial Highlights

3

Net sales

Gross profit

Operating profit

FY2018.10		FY2018.10	3,522	FY2018.10	678
20,127	Million yen		Million yen	Million yen

*1. We have prepared consolidated financial statements since the current consolidated accounting period.

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	4

9,558

3,186

5,373

FY2015.10

FY2016.10

FY2017.10

FY2018.10

FY2019.10

（

rd

）

（4th FY）

（

th

）

（

th

）

（

th

）

3

FY

5

FY

6

FY

7

FY

*1. We have prepared consolidated financial statements since the current consolidated accounting period. *2 Forecast announce on December 13, 2018

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	5

9,127

6,839 7,339

5,127

4,505

2,399

2,998

3,654

1,824

2,338

1,280

1,470

1,650

1,110

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

FY2016.10（4th FY）

FY2017.10（5th FY）

FY2018.10（6th FY）

(Consolidated) *1

FY2019.10（7th FY）

*1. We have prepared consolidated financial statements since the current consolidated accounting period.

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	6

6 8

356

102

(75)

FY2015.10

FY2016.10

FY2017.10

FY2018.10

FY2019.10

（

3

rd

）

（4th FY）

（

5

th

）

（

6

th

）

（

7

th

）

FY

FY

FY

FY

*1. We have prepared consolidated financial statements since the current consolidated accounting period.

*2 Forecast announce on December 13, 2018

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.

7

											273		255
					126		107	139	134	130				118
				62		59						78
	29		40
18	25
1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q
FY2016.10（4th FY）	FY2017.10（5th FY）	FY2018.10（6th FY）				(Consolidated) *1
FY2019.10（7th FY）

*1. We have prepared consolidated financial statements since the current consolidated accounting period.

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	8

Summary of Income Statement

FY2019 financial results increase in both YoY/forecast except for Profit. Profit unachieved due to Loss on cancellation of rental contracts.

	＊Consolidated *1
	FY2019.10 ①
	Result ＊Consolidated *1
Net sales	39,286
Gross profit	6,850
Operating	1,193
Profit
Ordinary	1,019
Profit
Profit	510

Comparison with results

FY2018.10	②	Difference
Result		（① -②）

20,127 19,159

3,522 3,328

1. 514

1. 378

1. 111

Difference

（①/ ②）

+95%

+95%

+76%

+59%

+28%

Comparison with forecast

(Million yen)

FY2019.10 ③	Difference	Difference
Forecast＊Consolidated *1	（① -③）	（①/ ③）
32,663	6,623	+20%
---	---	---

1,041	152	+15%

979 40 +4%

654 (143) -22%

*1. We have prepared consolidated financial statements since the current consolidated accounting period.

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	9

Summary of Balance Sheet

Net assets increased by 136%, mainly due to the share exchange with ITANDI, exercise of MS warrant and Net income

						(Million yen)
		FY2019.10 ①	＊Consolidated *1	FY2018.10 ②	Difference（③=① -②）	Difference（③/ ②）
Total assets		11,839	4,412	7,427	+168%
	Current assets		5,512	2,830	2,681	+95%
	(cash and deposits)		(4,279)	(2,020)	(2,258)	(+112%)
	(Real estate for sale)		(682)	(425)	(257)	(+60%)
	Fixed assets		6,327	1,581	4,745	+300%
	(Software (including software
	in progress))		(1,890)	(628)	(1,261)	(+201%)
	(Goodwill)		(1,707)	(---)	(1,707)	(---%)
		(---)	(724)
	(Customer relationship)		(724)	(---%)
	Total Liabilities		6,082	1,975	4,106	+208%
	(Interest-bearing debt)		(3,461)	(800)	(2,660)	(+332%)
	Total assets		5,757	2,436	3,320	+136%
	(Share exchange)		(699)	(---)	(699)	(---%)
	(MS warrant)		(2,092)	(---)	(2,092)	(---%)
Total liabilities and net assets		11,839	4,412	7,427	+168%

*1. We have prepared consolidated financial statements since the current consolidated accounting period.

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	10

													697	696	772	737
															239	223
												567
											533	247	198
Advertisement												35
								198		71		56
						379	226		90
Recruitment
					335
					95
							101
Salaries					269
				221	97	45	54
	198	200	215	66	22					498	458
								428
				48	16
			157	29	46	72					360
		125	15
104		23	35	13						268
			34			253
	18	28					216	239
15
	22					187
19	106	134	141	152	115
70		85
1Q		2Q	3Q	4Q	1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q
FY2016.10（4th FY）	FY2017.10（5th FY）	FY2018.10（6th FY）				(Consolidated) *1
FY2019.10（7th FY）

*1. We have prepared consolidated financial statements since the current consolidated accounting period.

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	11

344

339

276

Trend in number of employees

*1

210

141

159

116

109

91

81

58

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

FY2017.10（5th FY）

FY2018.10（6th FY）

FY2019.10（7th FY）

*1. As of October 31, 2019; excluding officers, contract employee, part-time workers, and interns at consolidated subsidiaries.

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	12

FY2019.10

FY2019.10

FY2019.10	FY2020.10	FY2019.10	FY2020.10
（7th FY）	（8th FY）	（7th FY）	（8th FY）

*1. We have prepared consolidated financial statements since the current consolidated accounting period.

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	13

FY2020.10 financial forecast summary

Sales and Profit increase greatly year on year due to further investment

＊Consolidated *1

FY2020.10		FY2019.10		(Million yen)
		YoY
	＊Consolidated *1		＊Consolidated *1	IFRS 注2
Forecast①		Result ②		( ① / ②)
Net sales	55,000		39,286	+40%

Operating profit	1,800	1,193	+51%

Ordinary profit

1,530

1,019

+50%

Profit	770	510	+51%

*1. We have prepared consolidated financial statements since the current consolidated accounting period.

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	14

*1 「2017 Economic general survey」Statistics Bureau, Ministry of Internal Affairs and Communications, 2017.9

[Disclaimer] Note that this material has been pre ared based on information available at the time, which may differ from the latest information.	15

RENOSY Business

16

17

Integration of Technology and Real

Resolve complex process online, have its own product, and support and consultation by agents

Ordinary matching platform	Best practice that RENOSY offers

Customer	Media	Buyer's Agent	Seller's	Customer
		Agent
	Attraction	（Realtor）	Attraction ＋ Agent

Process of real estate transaction

		Opportunity/study		Search		Consider/contract		After follow
Process
		Advertisement	Media		Web portal		Agent		Customer Success

Service		Ordinary matching platform
coverage

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	18

RENOSY makes it possible to purchase a property in 1 click

Learn/search

Compare/consider

Apply/sign contract

Manage

Image of customer behavior

!

Use various	Do everything	Just enter	Review time	Manage
data for	with one	details once in	property with
also shorter
decision	company!	the special tool	the app!

	Property	Our sales rep	Loan review
	information	support system
	portal				Contract
		Data utilization						App for
		presentation tool In-housedeveloped							owners
		operation system
		Supplier
Marketer
		Bank 1	Bank 2	Judicial	Judicial
		scrivener 1	scrivener 2	Rent

management

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	19

Major KPIs of RENOSY business

Increase number of contracts by raising the following KPIs

Expand attraction by	Increase number of contracts by	Pursue operating efficiency
strengthen RENOSY	strengthen real operating	by in-house developed
	organization	system

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	20

Growth of RENOSY business

Trend in total number of

Trend in number of

RENOSY member

contracts

YoY

53,091

YoY

+ 27,474

+ 282

444

24,868

240

265

19,881

191

14,901

123

123

157

10,806

92

7,540

4,417

2,377

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

Consolidated *1

Consolidated *1

FY2017.10（5th FY） FY2018.10（6th FY）

FY2019.10（7th FY）

FY2017.10（5th FY） FY2018.10（6th FY）

FY2019.10（7th FY）

*1. We have prepared consolidated financial statements since the current consolidated accounting period.

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	21

Decrease in number of sales agents due to division of labor

In order to increase operating efficiency, conducted thorough division of

labor and redeployment of personnel from sales to contract support and customer success

78

Trend in number of sales agents *1

56	52	55
50

32 36 33 35 37

1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q
FY2017.10 （5th FY）	FY2018.10	（6th FY）	FY2019.10 （7th FY）

*1. The number of full-time sales agents as of the end of the quarter

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	22

In each FY, new sales personnel becomes real force in 4Q

ARPA*1 decrease in 3Q due to the arrival of new employees in 2Q, but rise again in 4Q

Trend in ARPA (Million yen)

						103
1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q
FY2017.10 （5th FY）	FY2018.10	（6th FY）	FY2019.10 （7th FY）

*1 ARPA=Average Revenue Per Agent=Net sales divided by the number of full-time employee as of the end of the previous quarter.	*2 New employees who joined in April
[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	23

Making full use of in-house developed sales tech tools

Improve productivity by using in-house developed presentation tools instead of paper-based materials

Till now; paper-based materials

QR code

Take out!

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	24

Simplify loan screening with MORTGAGE GATEWAY by RENOSY

Current screening with paper documents

Write the same	Screening takes
information several
time
times

Insert information	Shorten
once only	screening time

Information

Confirm

information

Bank	Bank	Judicial	Judicial
scrivener	scrivener

Cooperation with SBJ Bank

Judicial scrivener

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	25

Investment to AI

26

Growth strategy with AI

Expand volume of data through business, and conduct technology development of AI

Real estate related data

Building data

Customer data

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	27

The AI Strategy Center of GA technologies

An organization that

through advanced technology

Research group that and make actions

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	28

The position of AISC's research

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	29

1 : RENOSY SELL ← estimation of price

Issue	Solution
Need to call sales agents	AI will estimate the
when want to sell a house	price, and the price
	can be known
Want to know the
price easily！

Calculate estimated price automatically and immediately based on article information

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	30

2 : SUPPLIER by RENOSY ← AI&RPA

Issue	Solution
Paper-based information	Time of operation
Manual price assessment	becomes one third (1/3)
Manual documentation	by using AI&RPA
Supply operation must be
more efficient

Time of operation becomes one third (1/3) by using AI&RPA efficiently

Data extraction

Calculate estimated price

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	31

3 : DATA ANALYZER by RENOSY ← Obtain data

Issue

Paper materials lack credibility

Want to analyze the property objectively

Solution

A presentation tool that enable the customer to analyze the property safely

Data obtaining for analyzing

the service value

[Disclaimer] Note that this material has been prepared based on information	latest information.	32

4 : BLUEPRINT by RENOSY ← Deep Learning

Issue	Solution
Tracing blueprint to prepare	Create CAD data
renovation proposal has been	automatically by scanning
a burden	the blueprint

This simple work should not be done manually

Streamlining work by automatically detect walls, icons and letters

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	33

5 : BEST BASHO ← Graph DB *1

Issue

Lack credibility to agent when reaching for an apartment, but difficult to do it alone

Want a service that provides the house and information suitable for me

Solution

AI will propose the best location for each customer

Search complex property related data speedily and smoothly

*1 Data structure strong at related-data search

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	34

ITANDI Business

35

ITANDI Strategy

Bukka-kun

(Property Searcher)

Naikenyoyaku-kun

(Showing Appointment Maker)

Moshikomiuketsuke-kun

(Application Receiver)

Denshikeiyaku-kun

(Digital Contract Manager)

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	36

Current process and issue of the real estate leasing industry

Search	Check the	Preview
property
			Troubles of
Lots of decoy
property			scheduling

Potential
tenant	Portal site

Several

confirmation calls

Real estate		Agent comes
agency Consultation	TEL・FAX
along

Apply Contract

Need to write same

information many times

Vain exchange of documents

when typos

Applicatio	Contract
n form

Move-in

Middle

cost

Management	Care	Care to arrange	Screening	Contract
company		previews

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.

37

The world ITANDI aims

Search	Check the	Preview	Apply	Contract	Move-in
property

Spare all the extra work of the potential tenant, and provide a smooth leasing experience

No decoy				Contract with
properties				application
			information

Potential	Self-showing
tenant
	Reduce
		middle
		cost

Management

company

Bukka-kunMoshikomiuketsuke-kun

Naikenyoyaku-kunDenshikeiyaku-kun

Reduce management company's fruitless operation, and provide time to improve their service

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	38

ITANDI's KPI

Naikenyoyaku-kun

Moshikomiuketsuke-kun

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	39

Key products for achieving ITANDI's goal

Naiken-yoyaku-kun and Moshikomi-uketsuke-kun will be the key products

Property search

Preview application Contract

Naikenyoyaku-kunMoshikomiuketsuke-kun

Denshikeiyaku-kun

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	40

Accelerate the spread of Naiken-yoyaku-kun and moshikomi-uketsuke-kun

		Moshikomiuketsuke-
Naikenyoyaku-kun
	kun

Recognized No.1 in the industry * 1

	Number of preview
	reservations(per Q)
			60,093
			58,300	Number of * 2
		51,767		subscribed
48,489			companies
				274 社
				Total number of	* 3
				preview reservation
					件
1Q		2Q	3Q	4Q

Number of digital applications(per Q)

25,154 Number of * 2

3Q → 4Q	subscribed
%	companies
+Including446campaigns with	283 社
free initial fee and monthly fee

Total number of * 3 digital applications

510 1,446

件

1Q 2Q 3Q 4Q

*1 Research conducted by Tokyo Shoko Research *2 Number of companies having a contract for the product *3 As of end of October 2019

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	41

ITANDI'S SaaS growing satisfactorily

Trend in number of subscribed 324 companies* 1

Joined GA group +179

%

+94%

55	63	77	81
11	12	1	2	3	4	5	6	FY2019.10
			FY2018.10
							（6th FY）	（7th FY）

*1 Number of companies having a contract for the product

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	42

ITANDI'S SaaS growing satisfactorily

Number of base introduced		727
* 1

						Joined GA group	+346%
98			+58%
11	12	1	2	3	4	5	6	FY2019.10
			FY2018.10
						（6th FY）	（7th FY）

*1 Number of base that introduced and use the system. There maybe several bases per contracted company.

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	43

ITANDI's market share

	Number of companies among
	the top 50 management companies
	subscribing ITANDI's product * 1
50%	25社/ 50 社
Total number of units managed	5.91million

by the top 50 companies

*1 2019's Ranking of 995 companies regarding their number of management units（Zenkoku chintai jyutaku shinbun (July 15, 2019)

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	44

GA technologies

Next FY's strategy

45

FY2019.10

FY2019.10

FY2019.10	FY2020.10	FY2019.10	FY2020.10
（7th FY）	（8th FY）	（7th FY）	（8th FY）

*1. We have prepared consolidated financial statements since the current consolidated accounting period.

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	46

GA technologies's strategy

Transparent real estate transaction

Paperless

不動産

Real ×

One stop

Construction

Finance

Insurance

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from thelatest information.	47

Reinforce RENOSY business

Increase of real estate transaction

48

Reinforce service for RENOSY's customer experience

Learn/search

Compare/consider Apply/sign contract

Manage

Renovate

countermeasure for vacancy risk

Investment property sales business

Design reform specialized in rental units

Improve tenant's experience

Maximize Owner's profit

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	49

RENOSY Business Strategy (from FY 2Q Financial Summary)

A common business model, but a product designed based on the income group

Low to middle	High income class
income class

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	50

On December 9, 2019, GA Technologies acquired control over Modern Standard

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	51

Overview of Modern Standard

Company name	Modern Standard Co., Ltd.
President and CEO	Keisuke Matsuda

Establish	September 2009
Capital	10 million yen

Service website

boasting industry's highest

level of total users

Monthly page views

Approx. 1 million

Monthly active users

Approx. 200,000

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	52

Number of members

Number of contracts

Modern

Standard

Total of approx.

70,000

approx.

60,000

contracts

in FY2019.10

Approx.

2,050

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	53

Ratios of Modern Standard Customer Incomes

High earners make up a large percentage of customers signing contracts

42%	Annual salary
30 million yen or higher

Annual salary

10 million yen -

29.99 million yen

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	54

Industry's Top Level of Name Recognition in High Class Areas

3As (Akasaka, Aoyama, and Azabu) of high class Minato-ku area Higher name recognition than Company R and Company L

Comparison of highest ranking properties

in searches within 3As (Akasaka, Aoyama, and Azabu)

of Minato-ku

Company R

Company L

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	55

About Modern

Standard

56

Modern Standard's Strengths

1	2
Service website boasting	Top level of sales in industry
industry's highest level of total	3
users
	Counts wealthy individuals
	with more than 100 million
	yen in total assets among
	its customers

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	57

Modern Standard Customer Base

Main business is brokering rentals for high-income bracket

Annual income: 10	Annual income: 30
million yen or higher	million yen or higher

Professionals such as private practice doctors, tax accountants, and attorneys

Representatives of small and medium-sized enterprises, management team and managers of large corporations, etc.

Those who have increased assets with an IPO, celebrities, athletes, etc.

Workplace in prime	Get around by car
location
Want to live near	Want to be far from
workplace	station
Rent tends to be higher	Emphasis on security

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	58

Synergy with

RENOSY's Business

59

Number of members

Number of contracts

Modern

Standard

Total of approx.

70,000

approx.

60,000

contracts

in FY2019.10

Approx.

2,050

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	60

Customer Base Highly Compatible with RENOSY Business

Target customers very similar, translating to opportunities for cross-selling

Ratios of customer incomes

30 million yen or		10 million yen
higher		20%
35%	or higher
8 million -	13%
14%		10 million yen

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	61

Cross-selling with RENOSY Business

Service website boasts industry's highest level of total users, so it is

expected to refer customers to buying/selling, renovation, and investment.

High-end rental

Monthly page Approx. views 1

million

Monthly active Approx.

users 0.2million

Buying/selling and	Real estate investment
renovation

Monthly page	Approx.	Monthly page	Approx.
views	0.4million	views	0.4million
Monthly active Approx.	Monthly active Approx.
users	0.2million	users	0.15

million

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	62

Improved Productivity with RENOSY Business Structure

At Modern Standard, a single representative was handling everything from marketing to business talks and contracts. RENOSY business structure is expected to increase ARPA by 2.5 times.

Modern Standard	After M&A
→ Single rep in charge of	→ Focus on customer service with creation of
each project	platform

								Customer
Marketing	Tech Tool	Sales	Document
				Promotion			Success

Rental	Buying/selling and	Real estate
renovation	investment

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	63

Open up RENOSY to third parties

In order to smoothen all real estate transactions in Japan, we aim to

increase our transactions as well as other company's transactions

Property search completed within

RENOSY

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	64

Establish several subsidiaries abroad

To make a world where everyone can easily purchase a property

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	65

Promote sales of in- house developed products

66

Reduce the burden for loan screening

Just enter details once	Shorten time for
in the special tool	screening
Insert
information	Confirm
	information

Tied up with	Judicial
SBJ Bank	scrivener

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	67

Real Finance

Estate

Considering outside sales to financial institutions

Based on the know-how we obtained, we aim to sale the product to the financial industry and develop SaaS business

Our customers(owners)	GA

Property
owners	Financial institutions

Real estate companies

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	68

Reduce the work of architects

Blueprint

AI creates CAD data from the blueprint

CAD data

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	69

Real Constructi

Planning to sale the system to architect offices

Started free provision for future productization

Free provision to	Improve accuracy by
1 architect offices	2 storing data

Free provision(β)

Storing data

Architect offices

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the late	70

Accelerate OHEYAGO business

71

ITANDI Strategy

Bukka-kun

(Property Searcher)

Naikenyoyaku-kun

(Showing Appointment Maker)

Moshikomiuketsuke-kun

(Application Receiver)

Denshikeiyaku-kun

(Digital Contract Manager)

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	72

In order to provide a whole new rental experience

2019.9.24

Open!

Increase the number of properties

available for preview

No decoy properties

Potential	Self preview	Contract using
tenant		application

information

The ideal experience that grants the

wish "want to preview and sign now"

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	73

Value	Customer

Creating truly		for customers
going			esidences
Building a life	High class real estate
just for you
Rent		Live	Invest

Think about ideal life	Realizing the	Creating the
for first time	ideal lifestyle	ideal future life
Rental	Buying/selling and	Real estate investment
renovation

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	74

Company Overview

Established	March 12, 2013
Head Office	40F Sumitomo Fudosan Roppongi Grand Tower, 3-2-1 Roppongi, Minato-ku, Tokyo
Capital	1,156,809,470 yen (October 2019)
Number of	347 (October 2019)
employees*1

Business Description

・Management of RENOSY general real estate tech brand

・Management of real estate operational support tools that utilize AI ・Management of OWNER by RENOSY app for real estate owners

・Management of investment-type crowd funding service for existing condominiums ・Management of Mortgage Gateway online loan application and review system

President, CEO and Representative Director: Ryo Higuchi

Senior Managing Director and Executive Officer: Masafumi Shimizu

Directors Director and Executive Officer: Dai Higuchi and Yoshihisa Fujiwara Outside Director: Ken Kutaragi

Corporate Auditor: Toshihisa Terui (full-time), Katsumi Ueda (outside), and Mitsuru Osaki (outside)

*1. Excluding officers, contract employee, part-time workers, and interns at consolidated subsidiaries.

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	75

Note on Forward-Looking Statements

This material contains forward-looking statements, which are based on current expectations, forecasts and assumptions that involve risks.

These forward-looking statements contain uncertainties, and actual results may differ substantially from these statements.

These risks and uncertainties include general industry and market conditions as well as Japanese and international economic conditions such as changes in interest rates and exchange rates.

GA Technologies has no obligation to update or correct the forward-looking statements contained in this material, regardless of any new information, future events, etc.

[Disclaimer] Note that this material has been prepared based on information available at the time, which may differ from the latest information.	76