TOKYO, July 22, 2024 (GLOBE NEWSWIRE) -- SYLA Technologies Co., Ltd. (NASDAQ: SYT) (“SYLA” or “the Company”), operator of the largest membership real estate crowd-funding platform in Japan, Rimawari-kun, announced that it has entered into a business alliance with Broad Enterprise Co., Ltd. (TSE: 4415) (“Broad Enterprise”) for sales cooperation, including service collaboration and mutual referral of prospective clients.

About the Business Alliance
SYLA Co., Ltd. (“SYLA Co.”) and SYLA Solar Co., Ltd. ("SYLA Solar"), subsidiaries of SYLA, provide a range of services including real estate development, building/asset/property management services, solar power plant development, operation and maintenance, and retail electricity services.

Broad Enterprise aims to maximize cash flow for condominium owners by offering advanced services for rental housing complexes. Their offerings include B-CUBIC high-speed Internet, BRO-LOCK IoT intercom system, and BRO-ROOM in-home IoT renovation, which enhance the comfort and convenience of condominium residents.

Through this partnership, SYLA and Broad Enterprise will introduce each other's services to their respective customer bases. This alliance is expected to enhance the competitiveness of both companies and drive increased profits through mutual cooperation.

Business Alliance Details
Through this business alliance, SYLA will incorporate IoT services for condominiums, such as B-CUBIC and BRO-LOCK, into SYLA Co.’s asset management business. Broad Enterprise will collaborate with SYLA Solar's electricity retail business to develop new services that leverage the strengths of both companies.

The SYLA Technologies Group has an extensive customer base, including over 270,000 members of the real estate crowdfunding platform “Rimawari-kun,” 400,000 members of the online rental brokerage service “ietty,” property owners, and over 3,000 tenants. Broad Enterprise provides many condominium owners with IoT services such as B-CUBIC high-speed internet and has over 180,000 internet users nationwide.

Through this alliance, SYLA Technologies and Broad Enterprise will offer each other's services to their respective customers and strengthen sales collaboration. This partnership aims to enhance the competitiveness of both companies and increase profits through mutual cooperation.

Broad Enterprise Co., Ltd.
President and Representative Director: Ryosuke Nakanishi
Head Office: 9F Umeda East Building, 5-15 Taiyuji-cho, Kita-ku, Osaka City, Osaka
Established: December 15, 2000
Capital: 77,000,000 yen
Website: https://broad-e.co.jp/
Number of employees: 125 (April 2024)
Business activities: Sale of B-CUBIC high-speed Internet for condominiums, BRO-LOCK IoT intercom system, and BRO-ROOM in-home IoT renovation

About SYLA Technologies Co., Ltd.
Headquartered in Tokyo, Japan, SYLA Technologies Co., Ltd. (NASDAQ: SYT) (“SYLA” or “the Company”) owns and operates the largest membership real estate crowd-funding platform in Japan, Rimawari-kun, which targets individuals, corporate and institutional investors, as well as high net worth individuals. SYLA’s mission is to democratize real estate investment around the world through technology and asset management through the Rimawari-kun platform. SYLA is engaged in the overall investment condominium business, including planning, development, construction, sales, rental management, building management, repair work, and the sale of properties. Additional information about the Company’s products and services is available at https://syla-tech.jp/en.