FY2022.10 1Q
Financial Results
November 1, 2021 - October 31, 2022
March 17, 2022 (Securities code:3491)
Our ambition
- Our ambition and purpose is to inspire and impress people with the power of technology and innovation. To achieve this goal, we must tackle the big unsolved issues.
- Based on our ambition, we will solve social problems through our business activities by bringing technology into the world of housing (real estate), which is the least developed of the three essential areas of life, apart from food and clothing.
2
RENOSY Marketplace
Enforcement of Real Estate Transaction Reform Bills
- A set of digital reform bills passed in May 2021 The reform bills regarding real estate transaction will come into force in May 2022.
- Major amendments include easing of regulations, such as contract procedures that previously had to be done either in person or by post.
- The real estate industry will likely take great strides in digitization moving away from in person, written transactions toward non-face-to-face, online procedures.
May 2022
Enforcement of Real Estate Transaction Reform Bills
A paradigm shift in the real estate industry for the first time in 20 years
Learn/search | Compare/consider | Apply/sign | After signing |
contract | contract | ||
Paper media, such as | Face-to-face | Documents | Analog |
magazines | interview | management | |
First digitization of real estate
(Internet around 2000)
Electronic media such as web
and others
Non-face-to-face | Online procedure | Digital management |
procedure | ||
3
*1) "Government plans to eliminate requirement of on-site pharmacists, tax documents and face-to-face procedures" in Nihon Keizai Shimbun dated
October 9, 2020
RENOSY Marketplace
The Advent of Online Real Estate
- Since the launch of Windows 95 in 1995, the online world has exploded, and various industries have merged with the Internet.
- With the amendment in April 1998 to the brokerage agreement standards for trading securities, some transactions were liberalized, and the idea of online securities was conceived.
- Following this, online banking and online insurance was born, and with the enforcement of digital reform bills in May 2022, online real estate will have finally arrived.
The coming together of finance and the Internet in Japan
Online securities | Online banking | Online insurance | Online real estate |
The birth of | The birth of | The birth of | ||||
Online Securities | Online Banking | *2 | Online Insurance | *3 | ||
1998: Matsui Securities | *1 | 2000: Japan Net Bank (now PayPay Bank) | 2008: Lifenet Insurance Company | |||
2008: AXA Direct Life Insurance *4 | ||||||
1998 | 2000 | 2008 | 2021 2022 |
2021: Digital reform bills enacted, including amendments to the Real Estate Brokerage Act
May 2022: Digitization of various contracts, including real estate sales contracts and explanations of important matters
The Arrival of Online Real Estate
Notes: | ||||||
1. | See Matsui Securities website (www.matsui.co.jp/first/merit/history/) | |||||
2. | See Japan Net Bank website ( | ) | ||||
3. | See Lifenet Insurance Company | website ( | www.lifenet-seimei.co.jp/profile/history/ | ) | 4 | |
4. | See AXA Direct Life Insurance website (www.axa-direct.co.jp/company/official_info/pr/2019/190125.html) | |||||
RENOSY Marketplace
Real Estate Business Goes Online
■ We have been promoting DX |
for buyers to improve operational |
efficiency. |
■ Similarly, by promoting DX for |
Our Initiative in Leading the Move Online for Real Estate Business
Bringing both buyers and sellers online
sellers, we can achieve even |
greater operational efficiency and |
improve productivity. |
■ GA technologies is going to be |
the pioneer in the industry to push |
the DX for both real estate buyers |
and seller. |
- Learn / Search
u y e
r Learning content
s
S
Compare / Consider | Apply / Sign contract | Invest / Manage |
Set meeting | Online | Online | Online | Manage property / |
meeting | application | contract | ||
dates | asset | |||
All Online
e l l
Learn
e
Attract
r customers
s
AI-based | Set meeting | Online | Simulations | Online |
dates | meeting | contract | ||
assessments | ||||
All Online |
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GA Technologies Co. Ltd. published this content on 17 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 March 2022 10:00:02 UTC.