In a significant achievement for the burgeoning real estate tech industry in Japan, Sumutasu Inc., headquartered in Chuo City, Tokyo, has proudly received the Mizuho Innovation Award for the second quarter of 2025. This accolade is given by Mizuho Bank, which recognizes promising innovation-focused startups on a quarterly basis. The award is designed to support the growth of startups by evaluating their business models, team strength, and growth potential, ultimately aiding them through various forms of support such as business matching with larger corporations.
Established in 2018, Sumutasu has rapidly positioned itself as a pioneering force in the real estate market, particularly noted for its unique property selling service named "Sumutasu Sale". Utilizing advanced AI technology, this service is able to provide users with property valuation in as little as one hour, with cash transactions finalized in just two days. This innovation addresses the long-standing challenges of the opaque real estate market in Japan, where the proportion of used home transactions remains the lowest among developed nations.
Mizuho Bank's commendation of Sumutasu reflects the company's effective use of cutting-edge technology to expedite and enhance the transparency of second-hand real estate transactions. The bank has also established a lending framework for Sumutasu for the 2024 fiscal year, which was evaluated favorably in light of the company's business progress post-lending.
The Mizuho Innovation Award program has been in place since 2017 and has seen various notable startups such as BizReach, Soracom, and SmartHR receiving recognition for their innovative contributions to the business landscape. Sumutasu’s receipt of this award highlights the company's dedication to providing a consumer-centric approach in an industry dominated by service provider interests.
The company’s dual offering includes not only the AI-driven sale of properties but also a direct sales portal for renovated apartments, eliminating intermediary fees and thereby reducing costs for buyers. Through this approach, customers can engage in property transactions without unnecessary expenses, facilitating a straightforward buying process.
Sumutasu is committed to transparency, integrity, and offering tailored options to meet customer needs, evident from their impressive average rating of 4.9 on Google customer reviews. Since June 2022, they have experienced a staggering revenue growth rate of 671.2%, signifying their rapid expansion in the market with hundreds of transactions occurring annually.
As Sumutasu continues to forge ahead, the company remains dedicated to refining and enhancing its services, ensuring that numerous customers can achieve their ideal housing choices. By solving social issues related to real estate transactions, Sumutasu is paving the way towards a more accessible and customer-oriented real estate market.
Company Overview
- - Company Name: Sumutasu Inc.
- - CEO: Takahiro Sumi
- - Location: 3-9-1 Nihonbashi, Chuo City, Tokyo, 2nd Floor Nihonbashi 3 Chome Square
- - Founded: January 2018
- - Business Focus: Technology-driven real estate buying, resale, and brokerage
- - Website: www.sumutasu.co.jp