October 1, 2024
SBI Holdings Co., Ltd.
SBI Regional Business Succession Investment Corporation.

SBI regional business succession investment co., ltd., a consolidated subsidiary of SBI Holdings, Inc. (Headquarters: Minato-ku, Tokyo, Representative Director, Chairman and President: Yoshitaka Kitao), has announced that they have executed an investment in Housing Estate Co., Ltd. (Headquarters: Sendai City, Miyagi Prefecture, Representative Director and President: Fumiki Chiba, hereinafter referred to as "Housing Estate"), which is engaged in property management business among others, as an investment project of the business succession fund operated by the company (official name: SBI regional business succession investment No. 2 investment business limited liability partnership, hereinafter the "Fund").

Housing Estate was established in September 2001 and is a major independent real estate company in Miyagi Prefecture, primarily engaged in real estate management, brokerage, renovation, rent guarantee services, etc., related to "residences" centered around Sendai City, Miyagi Prefecture. Regarding property management, they manage over 6,100 properties mainly consisting of apartments and condominiums, maintaining high occupancy rates through meticulous handling and receiving favorable feedback from property owners. In addition, in brokerage business, they boast an annual track record of over 3,800 transactions, the top class in Miyagi Prefecture.

SBI Regional Business Succession Investment will work to enhance corporate value further together with the management and employees of Housing Estate by resolving management issues, strengthening collaboration with existing business partners and financial institutions, leveraging the trustworthiness and popularity in the region, while utilizing the know-how and network of the SBI Group to provide support.

Regarding intermediate-size to small companies engaged in property management business, as announced in July 2024, the SBI Group has determined that the maximization of investment target company value can be achieved by utilizing the digitization know-how held by the group. Therefore, investments in property management have been positioned as one of the focus industries of the Fund. Housing Estate will be the third investment following Fudosan Honpo HD in January 2024 and Iida Group Co., Ltd. in July 2024.
In the future, active investments will continue to be made in intermediate-size to small companies engaged in property management to enhance overall corporate value by leveraging economies of scale, build a nationwide network to reduce DX costs for each invested company, correct regional disparities in IT investment, and contribute to revitalizing regional economies.

This fund will support further growth through industry consolidation beyond regions and vertical integration on the value chain by targeting all of Japan, and by utilizing advanced technologies and expertise of SBI Group's investee and client companies, we will aim for 'three-way satisfaction' - '① sustainability of middle-sized and small enterprises necessary for the region', '② protection of employment and clients in the region', and '③ contribution to regional revitalization and improvement of management environment of regional financial institutions through providing loan opportunities and others.'

Above.