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ITANDI and RENOSY (Thailand) Collaborate and Begin Development of a Real Estate SaaS Business in Thailand

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Aiming to strengthen the foundations of the property management DX business in the Southeast Asia region

TOKYO, March 5, 2024 /PRNewswire/ — GA Technologies Co., Ltd. (Head office: Minato-ku, Tokyo; President, Representative Director and CEO: Ryo Higuchi, Stock Code: 3491; the “Company”) hereby announces that ITANDI, Inc., a group company, and another group company RENOSY (Thailand) Co., Ltd. have decided to collaborate and start business development in the Kingdom of Thailand (“Thailand,” hereafter), with details as follows.

ITANDI will leverage the track record and expertise it has developed in Japan with its real estate tech business including SaaS service with the aim of expanding business in the area. To establish a default standard in the Southeast Asia region where real estate digital infrastructure is underdeveloped, ITANDI will further accelerate the global development of online real estate.

Background

The GA technologies Group company ITANDI, which develops platforms including systems that improve business efficiency for the real estate rental management and rental brokerage sectors, has employed technology to streamline real estate transactions. As a result, it has become the most used brokerage firm in four real estate lease management services (*1) with sales revenue exceeding 3.0 billion yen. The number of companies that use its services is approximately 2,700(*2) and the number of online lease applications is approx. 970,000(*3) cases per annum, representing a market share of approximately 30% in lease applications nationwide (*4). In this way, ITANDI has been promoting the digital transformation of the entire real estate leasing industry.

Meanwhile, the Company’s group company RENOSY (Thailand) Co., Ltd., which maintains a top market share in the real estate rental brokerage business for foreign residents in Thailand(*5), has developed a cumulative user base of 18,500 people, targeting foreigners with a focus on major Japanese companies and their staff, primarily in Bangkok, Thailand. RENOSY (Thailand) operates the luxury rental property search platform dearlife by RENOSY that handles more than 2,000 brokerage cases per annum and has a track record of doing business with roughly 1,000 individual real estate owners and corporates in Thailand.

To date, the Company has also focused on overseas business development outside Thailand. In 2020, the Company acquired the business of Shenjumiaosuan, a company that has a leading share as a Japanese real estate platform for property investors in the Chinese cultural territories, and the Company has been concentrating on expanding its overseas business in Asia, including the recently announced establishment of a site in Taiwan.

As part of this strategy and in light of the local real estate management business environment in Thailand as described below, the Company sees the entry of the ITANDI business into the Thai market as a perfect opportunity to strengthen the foundations of the property management DX business in Southeast Asia, as the Company expects synergies from utilizing the existing assets of both group companies ITANDI and RENOSY (Thailand).

The Business Environment in Thailand and Expected Synergy EffectsGenerally speaking, in Japan it is common for real estate owners to entrust rental management to management companies, but in Thailand, individual real estate owners (or corporations) conduct rent collection and general management activities, with the development of rental management businesses and digitalization lagging behind that of Japan.In fact, a certain number of real estate owners who deal with dearlife by RENOSY have expressed dissatisfaction with the complex processes.By providing the services developed by ITANDI, convenience for real estate owners that represent its customers will be improved.In introducing this service, speedy sales activities will be possible, as dearlife by RENOSY already does business with a very large number of real estate owners in Thailand.Upcoming Schedule

The Company has been considering this undertaking for some time, and with this news release it will enter a phase of full-scale efforts to consider commercialization. In May 2024, the Company’s executive officer in charge of development is scheduled to take up a post at its location in Thailand. By assigning a development manager to the site of business development, the Company will drive speed development consistent with local needs.

To date, the GA technologies group has cultivated expertise in online real estate and real estate SaaS in Japan. By rolling out and introducing the expertise outside Japan, the Company will further advance the global development of online real estate.

Profile of ITANDI, Inc.

Company name: ITANDI, Inc.
Representative: Akihiro Nagashima, Member of the Board & CEO
URL: https://www.itandi.co.jp/
Headquarters: Sumitomo Fudosan Roppongi Grand Tower 42F 3-2-1 Roppongi, Minato-ku, Tokyo
Established: June 2012
Share capital: 36 million yen
Business description:
– Development and operation of the ITANDI BB real-time website for real estate agents
– Development and operation of the ITANDI BB+ suite of DX services for real estate rental operations
– Development and operation of the OHEYAGO online real estate rental service

Profile of RENOSY (Thailand) Co., Ltd.

Company name: RENOSY (Thailand) Co., Ltd.
Representative: Chief Executive Officer  Koichiro Ando
URL: https://inquiry.renosy.com/special/thailand/
Address: 19th︎ Floor,︎ Bhiraj︎ Tower︎ at︎ EmQuartier︎ 689︎ Sukhumvit︎ Road,︎ Klongton︎ Nua,︎ Vadhana,︎
Bangkok︎ 10110︎ THAILAND
Business description:
– Real estate rental brokerage business (Bangkok Branch / Si Racha Branch)
– Real estate sale, purchase and resale business
– Real estate management business
– Home renovation business
– Maid service dispatch business
– Soccer school operation
– Operation of Muay Thai and fitness gym

Profile of GA Technologies Co., Ltd.

Name: GA Technologies Co., Ltd.
Representative: Ryo Higuchi, Representative Director, Executive Officer, and CEO
URL: https://www.ga-tech.co.jp/en/
Headquarters: Sumitomo Fudosan Roppongi Grand Tower 40F 3-2-1 Roppongi, Minato-ku, Tokyo
Established: March 2013
Business description:
– Development and operation of RENOSY, a brand of the online property investment service
– Development of SaaS type of BtoB PropTech products
Major groups companies: 21 companies including ITANDI, Inc., Shenjumiaosuan Co., Ltd., Spica Consulting Inc., and RW OpCo, LLC.

CONTACT:
Name: Judy Yu
Email: pr@ga-tech.co.jp 
Phone: 81-80-8899-1699

 

(*1) “Survey of impact of COVID-19 Pandemic on Rental Real Estate Market in 2023 Moving Season (January-March)”  https://lmc-c.co.jp/wp/wpcontent/uploads/2023/07/lmc_releace_20230726.pdf Related Press Releases: https://www.itandi.co.jp/news_posts/1104

(*2) As of October 31, 2023

(*3) Time period covered: November 1, 2022 – October 31, 2023

(*4) The ratio was estimated using the First Edition_2020_1224 REAN JAPAN Market Report. According to the report, the number of lease brokerage agreements was 2.28 million. The said estimated ratio was obtained using the number of lease applications submitted to ITANDI, which was calculated to be 3.25 million based on the report, the rate of cancellation (30%) faced by ITANDI between lease application and contract, and the number of online rental applications (November 2022 – October 2023) submitted to ITANDI.

https://rean-japan.jp/images/REAN-JAPAN-Market-Report%E7%AC%AC1%E7%89%88_2020_1224.pdf? 20201223

(*5) The share was calculated based on the financial information obtained from the Ministry of Commerce, Thailand

 

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SOURCE GA technologies Co., Ltd.

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Acer Debuts on Dow Jones Sustainability World Index 2024

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Representing Top 10% of the largest 2,500 Companies in S&P BMI on long-term economic, environmental and social criteria

TAIPEI, Dec. 23, 2024 /PRNewswire/ — Acer Inc. (TWSE: 2353) announced its debut on the Dow Jones Sustainability (DJSI) World Index 2024, which comprises of the global sustainability leaders identified by S&P Global’s Corporate Sustainability Assessment (CSA). The DJSI World Index represents the top 10% of the largest 2,500 companies in the S&P Global Broad Market Index (BMI) based on long-term economic, environmental and social criteria.

At the same time, Acer was listed on DSJI’s Emerging Markets Index for the 11th consecutive year in 2024, ranking among the top companies in the THQ (Computers & Peripherals and Office Electronics) industry and scoring in the 100th percentile with full marks across various components: Transparency & Reporting, Materiality, and Customer Relationship Management.

Acer’s commitment to making a positive impact on environmental sustainability includes joining the RE100 initiative, setting the goals to source 100% renewable electricity by 2035 and to achieve net zero emissions by 2050. In 2023 the Acer Group sourced 48% renewable electricity worldwide, with 100% renewable electricity sourced in multiple countries. Acer’s efforts have been recognized in growing capacity by global sustainability accolades and indices throughout 2024:

Listed among TIME’s World’s Most Sustainable Companies.Listed in the MSCI ESG Leaders Indexes for the 11th consecutive year, garnering the best rating of “AAA”[1] that represents the top 15% in the category of technology hardware, storage and peripherals industry.Awarded Platinum medal for EcoVadis’ Sustainability Ratings for the third straight year, the highest tier of recognition representing the top 1% of rated companies[2] evaluated on sustainability across global supply chains based on four key themes: environment, labor and human rights, ethics, and sustainable procurement.A constituent of the FTSE4Good Emerging Index for the ninth consecutive year.In the subcategory FTSE4Good TIP Taiwan ESG Index[3] supported by the Taiwan Stock Exchange, which integrates ESG management practices and financial performances of companies, for the seventh year.

Acer continues to research and design climate-conscious solutions that serve both humanity and the planet, providing greener choices for a brighter future. Its eco-conscious offering includes computers and display products built with recycled materials and energy-efficient solutions, lifestyle products such e-bikes and e-scooters, energy storage solutions, along with award-winning packaging designs to contribute to the industry.

[1] MSCI ESG AAA Rating as of November 26, 2021, updated on December 10, 2024

[2] Ecovadis rating, August 2024

[3] First Taiwan domestic benchmark developed using FTSE ESG Ratings and data model, developed in partnership with Taiwan Stock Exchange’s (TWSE) wholly-owned subsidiary, Taiwan Index Plus Corp. (TIP)

About Acer

Founded in 1976, Acer is one of the world’s top ICT companies with a presence in more than 160 countries. As Acer evolves with the industry and changing lifestyles, it is focused on enabling a world where hardware, software and services will fuse with one another, creating ecosystems and opening up new possibilities for consumers and businesses alike. Acer’s 7,700 employees are dedicated to the research, design, marketing, sale, and support of products and solutions that break barriers between people and technology. Please visit www.acer.com for more information.

© 2024 Acer Inc. All rights reserved. Acer and the Acer logo are registered trademarks of Acer Inc. Other trademarks, registered trademarks, and/or service marks, indicated or otherwise, are the property of their respective owners. All offers subject to change without notice or obligation and may not be available through all sales channels. Prices listed are manufacturer suggested retail prices and may vary by location. Applicable sales tax extra.

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LG ACHIEVES 13TH CONSECUTIVE YEAR IN DOW JONES SUSTAINABILITY WORLD INDEX

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Only South Korean Company Recognized in Leisure Equipment & Products and Consumer Electronics Category for 13 Years

ENGLEWOOD CLIFFS, N.J., Dec. 23, 2024 /PRNewswire/ — LG Electronics (LG) has once again secured its position in the Dow Jones Sustainability World Index (DJSI World) for the thirteenth consecutive year. The DJSI World ranks the top 10 percent of the largest 2,500 global companies based on their economic, environmental, social, and governance (ESG) practices, serving as a critical benchmark for investors assessing corporate sustainability.

Notably, LG earned the highest overall score in the Leisure Equipment & Products and Consumer Electronics industry category. Furthermore, it remains the only South Korean company to be included in this category for 13 years running.

Additionally, LG has been included in the DJSI Asia Pacific (top 20 percent of the 600 largest companies in the Asia-Pacific region) and DJSI Korea (top 30 percent of the 200 largest companies in Korea) for 15 and 16 consecutive years, respectively.

LG received high evaluations across various ESG areas, including environmental policy and management, human rights management, human resource management, customer relations, supply chain management and product responsibility management.

Under the ESG management vision of Better Life for All, LG is carrying out various activities with the strategy of 3C for the planet (Carbon neutrality, Circularity, and Clean technology) and 3D for people (Decent workplace, Diversity & inclusion, and Design for all).

To achieve its 3C goals for the planet, LG has set ambitious targets, including reaching carbon neutrality in its product manufacturing process by 2030 and transitioning to 100 percent renewable energy by 2050.

Specifically, LG plans to reduce direct greenhouse gas emissions (Scope 1) and indirect greenhouse gas emissions (Scope 2) in the product production stage by 54.6 percent compared to 2017 levels. This will be accomplished through process improvements, the introduction of energy-saving technologies and the use of renewable energy. Notably, LG was the first company in the home appliance industry to obtain UN carbon credits in 2015.

In addition, LG is focused on reducing the unit greenhouse gas emissions of its seven major product groups (TVs, refrigerators, washing machines, dryers, home and system air conditioners, and monitors) by 20 percent compared to 2020 levels during the product use stage (Scope 3). This commitment involves various activities aimed at improving the energy efficiency of individual products, thereby reducing overall carbon emissions.

As a member of the UN Global Compact and the Responsible Business Alliance, LG complies with international human rights and labor standards and is enhancing its human rights management processes to respond to strengthening global ESG-related legislation.

In the ESG evaluation and rating announcement results published by the Korea Corporate Governance Service this year, LG received an overall A grade for four consecutive years. LG also received an A grade for five consecutive years in the ESG evaluation conducted by the global ESG evaluation agency Morgan Stanley Capital International, gaining recognition for its ESG management performance from credible domestic and international institutions.

About LG Electronics USA 
LG Electronics USA, Inc., based in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics, Inc., a $68 billion global innovator in technology and manufacturing. In the United States, LG sells a wide range of innovative home appliances, home entertainment products, commercial displays, air conditioning systems, and vehicle components. LG is an 11-time ENERGY STAR® Partner of the Year. The company’s commitment to environmental sustainability and its “Life’s Good” marketing theme encompass how LG is dedicated to people’s happiness by exceeding expectations today and tomorrow. For more information, visit www.LG.com

Media Contacts:

LG Electronics USA

JL Lavina
jl.lavina@lge.com
www.LG.com 

Jennifer Tayebi
Jennifer.tayebi@lg-one.com
LGHAUS@lg-one.com

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CAS and PetroChina Shanghai Advanced Materials Research Institute announce a collaboration to accelerate new materials discovery and innovation

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SHANGHAI and COLUMBUS, Ohio, Dec. 23, 2024 /CNW/ — CAS, a division of the American Chemical Society specializing in scientific knowledge management, and PetroChina Shanghai Advanced Materials Research Institute Co., Ltd, a subsidiary of the world’s third largest oil company, China National Petroleum Corporation (CNPC), are collaborating for use of the CAS SciFinder Discovery Platform™ to accelerate research and discovery of new chemical materials.

PetroChina Shanghai Advanced Materials Research Institute Co., Ltd. was founded in 2021 to address key technological challenges in advanced chemical materials and drive a transformation of CNPC from a traditional refinery and petrochemical product provider to a more advanced and sustainable material provider. Its research focus includes high-performance engineering materials, high-performance polyolefin and elastomers, special catalysts, advanced membranes, fibers and composites, etc.

CAS, the creator of the world’s most comprehensive and authoritative curated scientific information resource, the CAS Content Collection™, which covers over 150 years of discoveries, provides content and knowledge management solutions and services that accelerate innovation. The CAS SciFinder Discovery Platform, an authoritative scientific technology solution, will enable the institute research scientists to discover more relevant information faster, identify and optimize synthetic routes through a full retrosynthetic analysis of known and undisclosed substances, and locate, compare, and understand scientific methods via the CAS Content Collection.

“We’re excited that PetroChina Shanghai Advanced Materials Research Institute will harness the CAS SciFinder Discovery Platform to accelerate their research and discovery initiatives. Combining the capabilities of this industry-leading CAS solution with the Research Institute’s expertise in material research will result in breakthroughs that bring advanced sustainable materials to the marketplace,” said Manuel Guzman, President of CAS.

PetroChina Shanghai Advanced Materials Research Institute, as a newly established innovation hub, aims to grow into a world-leading, multi-capabilities research institute that drives cutting-edge innovations, pilots industrial-scale technologies, provides technical services, and facilitates academic and value chain collaborations.

“We are very pleased to cooperate with CAS, who will be a strong partner in bringing their sophisticated scientific information solutions to facilitate and speed up our approach to advanced sciences and technologies in novel materials. We are looking forward to exploring more innovative ideas through our engagement with CAS,” said Xudong Huang, Vice President of PetroChina Shanghai Advanced Materials Research Institute.

About CAS

CAS connects the world’s scientific knowledge to accelerate breakthroughs that improve lives. We empower global innovators to efficiently navigate today’s complex data landscape and make confident decisions in each phase of the innovation journey. As a specialist in scientific knowledge management, our team builds the largest authoritative collection of human-curated scientific data in the world and provides essential information solutions, services, and expertise. Scientists, patent professionals, and business leaders across industries rely on CAS to help them uncover opportunities, mitigate risks, and unlock shared knowledge so they can get from inspiration to innovation faster. CAS is a division of the American Chemical Society. Connect with us at cas.org.

About PetroChina Shanghai Advanced Materials Research Institute

PetroChina Shanghai Advanced Materials Research Institute, located in the Lingang Shanghai, was established in December 2021. It is a wholly owned subsidiary of China National Petroleum Corporation (CNPC) with innovation functions in fundamental research, product development, industrial-scale piloting, technical service and academic collaborations. The research areas cover a broad spectrum of novel chemical materials for the markets of electronics, medical, transportation and new energy. 

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