#Japan #Tokyo #ITOCHU Corporation #SANSIN JUKEN #FOREA

SANSIN JUKEN and Itochu Corporation Announce Strategic Partnership

SANSIN JUKEN Co., Ltd., headquartered in Chuo, Tokyo, has taken a significant step by entering into a capital business partnership with Itochu Corporation, a key player in the Japanese trading sector. This collaboration aims to leverage their respective strengths to foster innovation and value creation within the ever-evolving real estate landscape.

Background of the Partnership

Since its inception in 2006, SANSIN JUKEN has been driven by a strong commitment to "create the future of land." The company has undertaken numerous projects primarily focusing on condominium development, showcasing a relentless pursuit of innovation and quality. Notably, in 2012, the company launched its own condominium brand, the "PREMIUM Series," and it is set to reveal the next-generation residence "FOREA" by 2025. These efforts reflect SANSIN JUKEN's dedication to adapting to societal demands and evolving market conditions.

The real estate industry is currently undergoing substantial changes, demanding companies to enhance their capacity for long-term value creation and fulfill their social responsibilities more than ever. Recognizing these challenges, SANSIN JUKEN has decided to take a leap toward the "next challenge" to sustain and evolve its unique strengths and principles.

On the other hand, Itochu Corporation operates as a comprehensive trading company and is involved in various business sectors, including real estate development for residential, logistics, commercial facilities, and hotels. Through this partnership, both companies will respect each other's strengths while generating synergistic effects and embarking on a journey of creating new value.

Details of the Partnership

The collaboration allows SANSIN JUKEN to expand its involvement in real estate development projects alongside Itochu Corporation, moving beyond the traditional business extensions. The two companies also plan to enhance cooperation across the entire real estate value chain, not limited to development alone. By maintaining a focus on real estate while flexibly responding to market changes, SANSIN JUKEN aims to strengthen its sustainable business foundation swiftly. With Itochu's support, the company seeks to further enhance its planning, development, and operational capabilities, targeting long-term growth and increased corporate value.

While specifics regarding the capital tie-up remain confidential, both firms are optimistic about the partnership's potential to facilitate sustained success.

President's Comment

SANSIN JUKEN President Hiroyuki Nobuta shared his thoughts on this pivotal moment: "Our company has consistently prioritized sincere business operations, primarily focusing on condominium development. Given the unparalleled changes in the business environment, it is essential to aim for the next stage rather than remain on the current trajectory to achieve long-term growth. Partnering with Itochu Corporation represents a strategic choice to broaden our reach and value creation while maintaining and deepening our core strengths. Our objective is to pursue sustained corporate value improvement without fixating on short-term results, collaborating effectively with Itochu."

Company Profiles

Itochu Corporation

• - Company Name: Itochu Corporation
• - Headquarters: 2-5-1 Kita-Aoyama, Minato, Tokyo
• - President: Keita Ishii
• - Established: December 1949
• - Business Overview: Itochu engages in various sectors, including textiles, machinery, metals, energy, chemicals, food, living essentials, information technology, and finance, conducting domestic and international trade as well as business investments.
• - Website: Itochu Corporation

SANSIN JUKEN Co., Ltd.

• - Company Name: SANSIN JUKEN Co., Ltd.
• - Headquarters: 6-2-1 Ginza, Chuo, Tokyo, Daiwa Ginza Building, 9th Floor
• - President: Hiroyuki Nobuta
• - Established: February 2006
• - Business Overview: SANSIN JUKEN engages in the buying, selling, leasing, mediating, managing, and consulting of real estate, along with the planning, design, management, construction, maintenance, and repair of buildings.
• - Website: SANSIN JUKEN

In conclusion, the partnership between SANSIN JUKEN and Itochu Corporation symbolizes a formidable alliance aiming to reshape the future of real estate in Japan, harnessing synergies to generate innovative solutions and output.