Make The World
More Sustainable
[Provisional Translation Only]
This English translation of the original Japanese document is provided solely for information purposes. Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.
August 18, 2022
Ichigo Inc. (Tokyo Stock Exchange Prime, 2337) Representative: Scott Callon, Chairman
Inquiries: Takanori Sakamatsu, Senior Statutory Executive Officer
Telephone: +81-3-3502-4818www.ichigo.gr.jp/en
Ichigo Owners Brokerage Agreement with Aoyama Zaisan Networks
Ichigo Owners, Ichigo's wholly-owned subsidiary, signed a brokerage agreement today with Aoyama Zaisan Networks Co., Ltd. ("Aoyama Zaisan Networks") in order to further grow its Co-Ownership business.
1. Brokerage Agreement Overview
The brokerage agreement allows for Aoyama Zaisan Networks to solicit investors and broker their investments into Ichigo Owners' Co-Ownership assets.
Ichigo Owners and Aoyama Zaisan Networks will work together leveraging their respective strengths, starting with the third sale of Ichigo Owners' Co-Ownership assets scheduled to be launched on September 1, 2022. Both companies expect to continue working together to help meet clients' real estate investment needs.
2. Brokerage Agreement Rationale
Ichigo Owners provides real estate and related services to clients, putting clients first and building long-term relationships. Since its establishment in March 2017, Ichigo Owners has been leveraging Ichigo's real estate know-how to acquire and manage residential assets tailored to the diverse investment needs of clients, and last year launched its Co-Ownership business which allows investors to make diversified, small- scale investments in a broad array of Ichigo Owners' real estate assets.
Aoyama Zaisan Networks has been providing comprehensive consulting services to individuals and business owners for over 30 years, including asset management and business succession consulting services aimed at contributing to clients' happiness. In addition to its in-house team of specialists including accountants and tax accountants, the company has partnered with accounting and tax accounting offices across Japan to build a nation-wide network.
Combining Ichigo Owners' real estate capabilities and Aoyama Zaisan Networks' broad network will allow both companies to provide many clients with high-quality products suited towards long-term asset formation.
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3. Broker Overview
Name | Aoyama Zaisan Networks Co., Ltd. | |
Representative | Masazumi Hasumi, CEO | |
| Asset management consulting | |
Business | | Business succession consulting |
| Real estate solutions consulting | |
Establishment Date | September 17, 1991 | |
Corporate Website | www.azn.co.jp/eng | |
4. Transaction Details | ||
Contract Date | August 18, 2022 | |
Settlement Date | August 18, 2022 | |
Brokerage Services Start Date | September 1, 2022 |
5. Third Ichigo Owners Co-Ownership Assets Overview
(1) Real Estate Assets
Three residential assets located in Tokyo's Shinjuku, Setagaya, and Shinagawa Wards.
(2) Partnership Head
Ichigo Owners
(Joint Real Estate Ventures, Tokyo Metropolitan Government registration #153)
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Expected Ownership Term
10 years
6. Earnings Impact
Although this brokerage agreement has limited impact on Ichigo's FY23/2 consolidated earnings, Ichigo believes the further growth of Ichigo Owners' Co-Ownership business will contribute to driving long-term shareholder value.
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Reference
Ichigo Co-Ownership Business and Brokerage Agreement Overview
For details on the Co-Ownership business, please refer to our website at www.ichigo.gr.jp/en/business/building_shareor contact Ichigo Owners at
o-share@ichigo.gr.jp.
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Disclaimer
Ichigo Inc. published this content on 18 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2022 06:33:02 UTC.