SYLA Technologies and TSE Growth-Listed Broad Enterprise Form a Business Alliance to Boost Profits through Mutual Cooperation
SYLA Technologies (NASDAQ: SYT), operator of Japan's largest membership real estate crowd-funding platform Rimawari-kun, has formed a business alliance with TSE Growth-listed Broad Enterprise (TSE: 4415). The partnership, announced on July 22, 2024, aims to boost profits through mutual cooperation, focusing on sales collaboration and client referrals. This strategic alliance is expected to enhance both companies' market positions and potentially increase their revenue streams by leveraging each other's strengths in the real estate and financial technology sectors.
SYLA Technologies (NASDAQ: SYT), operatore della più grande piattaforma di crowdfunding immobiliare in Giappone, Rimawari-kun, ha formato un alleanza commerciale con Broad Enterprise, quotata al TSE Growth (TSE: 4415). La partnership, annunciata il 22 luglio 2024, mira a incrementare i profitti attraverso una cooperazione reciproca, concentrandosi su collaborazione nelle vendite e referenze clienti. Questa alleanza strategica dovrebbe migliorare le posizioni di mercato di entrambe le aziende e potenzialmente aumentare i loro flussi di entrate sfruttando i punti di forza reciproci nei settori immobiliare e della tecnologia finanziaria.
SYLA Technologies (NASDAQ: SYT), operador de la mayor plataforma de crowdfunding inmobiliario de Japón, Rimawari-kun, ha formado una alianza empresarial con Broad Enterprise, que cotiza en TSE Growth (TSE: 4415). La asociación, anunciada el 22 de julio de 2024, tiene como objetivo Aumentar las ganancias a través de la cooperación mutua, con un enfoque en colaboración en ventas y referencias de clientes. Se espera que esta alianza estratégica mejore las posiciones de mercado de ambas empresas y, potencialmente, aumente sus flujos de ingresos aprovechando las fortalezas de cada una en los sectores inmobiliario y de tecnología financiera.
SYLA Technologies (NASDAQ: SYT)는 일본 최대의 회원제 부동산 크라우드 펀딩 플랫폼인 리마와리군(Rimawari-kun)의 운영업체로서, TSE 성장 상장 기업인 브로드 엔터프라이즈(TSE: 4415)와 비즈니스 제휴를 체결했습니다. 이 파트너십은 2024년 7월 22일에 발표되었으며, 상호 협력을 통한 이익 증대를 목표로 하고 있으며, 판매 협력 및 고객 추천에 중점을 두고 있습니다. 이 전략적 제휴는 양사의 시장 위치를 강화하고, 부동산 및 금융 기술 분야에서 서로의 강점을 활용함으로써 수익원 증가를 유도할 것으로 기대됩니다.
SYLA Technologies (NASDAQ: SYT), opérateur de la plus grande plateforme de crowdfunding immobilier au Japon, Rimawari-kun, a formé une alliance commerciale avec Broad Enterprise, inscrite à la Bourse TSE Growth (TSE: 4415). Le partenariat, annoncé le 22 juillet 2024, vise à accroître les bénéfices grâce à une coopération mutuelle, axée sur la collaboration commerciale et les références clients. Cette alliance stratégique devrait renforcer les positions de marché des deux entreprises et potentiellement augmenter leurs flux de revenus en tirant parti des forces de chacune dans les secteurs immobilier et de la technologie financière.
SYLA Technologies (NASDAQ: SYT), Betreiber der größten Mitgliedschafts-Crowdfunding-Plattform für Immobilien in Japan, Rimawari-kun, hat eine Geschäftsallianz mit dem am TSE Growth gelisteten Unternehmen Broad Enterprise (TSE: 4415) gebildet. Die Partnerschaft, die am 22. Juli 2024 angekündigt wurde, zielt darauf ab, Gewinne durch gegenseitige Kooperation zu steigern, wobei der Fokus auf Verkaufskollaboration und Kundenempfehlungen liegt. Diese strategische Allianz wird voraussichtlich die Marktposition beider Unternehmen verbessern und möglicherweise ihre Einnahmequellen erhöhen, indem sie die Stärken des jeweiligen Unternehmens im Immobilien- und FinTech-Sektor nutzt.
- Strategic business alliance formed with Broad Enterprise
- Potential for increased revenue through sales cooperation
- Expansion of client base through mutual referrals
- None.
SYLA Technologies and Broad Enterprise have formed a strategic alliance that could potentially benefit both companies significantly. As SYLA operates the largest real estate crowdfunding platform in Japan, Rimawari-kun, this alliance can exponentially increase their reach and client base through Broad Enterprise’s network. Conversely, Broad Enterprise, listed on the TSE, can leverage SYLA’s deep penetration in the property sector to enhance their service offerings and diversify their revenue streams.
This alliance is particularly impactful as it represents a strategic move to combine resources and client bases, potentially leading to a more robust market presence for both companies. For retail investors, this could signify an upward trend in stock prices for both SYT and Broad Enterprise if the alliance results in increased sales and revenue. Short-term, we might see a positive market reaction to this news and long-term, the combined synergies could lead to sustained growth.
The alliance between SYLA Technologies and Broad Enterprise is a noteworthy development from a financial perspective. By collaborating on sales and client referrals, both companies are positioned to tap into each other’s client networks, potentially driving higher sales volumes and reducing customer acquisition costs. This kind of partnership can often lead to increased profitability and a stronger financial position for both entities.
For retail investors, an important consideration is how quickly these synergies can be realized. If the companies can demonstrate early success in their collaborative efforts, it could lead to increased investor confidence and a bump in stock prices. However, it’s important to monitor the integration process and any financial disclosures in upcoming earnings reports to gauge the real impact on their financial health.
From a technological standpoint, this alliance is promising. SYLA’s expertise in real estate crowdfunding and Broad Enterprise’s capabilities in service provision and client management can lead to valuable technological innovations. By integrating their platforms, both companies could enhance the user experience and streamline operations, creating a more efficient ecosystem for their clients.
Investors should look for announcements regarding technological advancements or new service offerings resulting from this alliance. Successful technical integration could not only bolster customer satisfaction but also result in operational efficiencies, positively impacting the bottom line.
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.
Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, the Company is using forward-looking statements when it discusses the expected gross proceeds and the closing of the offering. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s annual report on Form 20-F, filed with the SEC on May 15, 2024. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.
Contact Information
SYLA Technologies Investor Relations Contact:
Gateway Group, Inc.
John Yi and Steven Shinmachi
SYLA@gateway-grp.com
(949) 574-3860
SYLA Technologies Company Contact
Takeshi Fuchiwaki
Director, Chief Growth Officer
irpr@syla.jp
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/26bd34d0-f723-4591-b628-67f3897b55ff
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