LIFULL Co.,Ltd. announced that a meeting of its Board of Directors has resolved to make changes to the Representative Director (additional appointment of a new Representative Director.) In March 1997, current Representative Director and President, INOUE Takashi, founded the Company in order to rectify the opacity of real estate information in Japan under the Corporate Credo of "Altruism." Since founding, were leading the way for searching for a new home using the internet primarily through real estate portal, HOME'S (currently, LIFULL HOME'S.) Now 26 years later, LIFULL HOME'S has grown into one of the largest platforms in Japan for real estate and housing information connecting real estate professionals and users. Recently, have been focusing on developing new businesses in order to find solutions to social issues through businesses. One such example in the problem of abandoned houses in rural Japan due to the rapidly-aging population.

In order to solve this issue, established a fund to support projects to repurpose abandoned houses into shared office spaces or other facilities. As in release "Notice of Founding of a Subsidiary to Strengthen the Company's Position in Real Estate Investment" from, are strengthening initiatives in the area of real estate investment as part of mid to long-term strategy. Within this environment and as a part of strengthening the management structure of the Group as a whole, have resolved to implement a change (addition) to Representative Director.

Company are naming current Director and General Manager and Head of LIFULL HOME ' S Business Department, Ito Yuji, to the position of Representative Director and President. Ito joined the Company in the third group of new graduates and has been working continuously within LIFULL HOMES. Moving forward, Inoue will be overseeing the strategy of the Group overall as the Representative Director and Chairperson and working as a Co-Director with Ito to lead the growth of the LIFULL Group.

Apart from Ito, each business unit has a Director who oversees overall management and possesses specialized knowledge and experience. Inoue, as the newly established chairperson, will oversee the Group as a whole and, thereby, accelerating overall growth. Company have made this resolution in order to strengthen governance of the Group and to create the foundations to become a company with a long future of more than 50 or 100 years through continuous renewal and improvement of the value that provide.

INOUE Takashi, New Position: Representative Director, Chairperson, Managing Officer. Previous Position: Representative Director, President, Managing Officer. ITO Yuji, Representative Director Managing Officer General Manager of LIFULL HOMES Business Department.

Previous position: Director, Managing Officer, General Manager of LIFULL HOMES Business Department. ITO Yuji (November 19, 1982) April 2006 Joined the Company Apr. 2015 Managing Officer and General Manager of the HOME'S Business Department Rental and Re-Sale Sales Division April 2018 Managing Officer and Assistant General Manager of the LIFULL HOME'S Business Department October 2019 Managing Officer and General Manager of the LIFULL HOME'S Business Department December 2020 Director, Managing Officer and General Manager of the LIFULL HOME'S Business Department.