March 10, 2021
Renoveru, Inc.

FOR IMMEDIATE RELEASEA First in Japan! Renoveru Ranked 7th in the Urban Development/Real Estate Category
Among the World’s Most Innovative Companies of 2021 selected by the American Business
Magazine, Fast Company

Renoveru, Inc. (Headquarters: Minato-ku, Tokyo; Founder & CEO: Tomohiro Yamashita;
hereinafter "Renoveru") is Japan's top company*1 that offers a one-stop service for finding resale
apartments, renovation, and creating renovation platforms using technology. Renoveru has beenranked 7th in the urban development/real estate category in the Fast Company’s Most InnovativeCompanies of 2021. This is the first time a Japanese company has been ranked in this category.
Similar to WIRED, Forbes, and Bloomberg Businessweek, Fast Company is one of the USA's
best-known business magazines. The Fast Company’s Most Innovative Companies is a list
announced by Fast Company every year to rank the world's most innovative companies. Apple,Amazon, Tesla, and Patagonia as well as Japanese companies, including Nintendo, Toyota, andUNIQLO have been selected in the past. The Japanese companies, SANNA and Kengo Kumaand Associates have also been chosen in the past in a closely related category—architecture. Thisyear, 463 companies from 29 countries have made it to the list.
The urban development/real estate category in which Renoveru has been selected this year is a
new category that started in 2019. The lead of this category's introduction page says,"Forward-thinking organizations are changing our relationship to cities—and the planet."*2 As thissuggests, they target future-oriented leading companies*3 in landscaping, value creation, andurban development and select companies that contribute to creating a better lifestyle andenvironment for people through urban development and real estate.
Renoveru is a company that aims to realize a recycling-oriented society by spreading andpermeating renovation in an effort to solve the lost 4.3 trillion-dollar (as of February 2022)
problem*4 caused by a market that puts too much emphasis on new builds. We offer a one-stop
service for buying and renovating resale apartments. In pursuit of our mission of helping people
take a smart approach to creating an enjoyable home life, we will continue to strive to build custom
homes and restore and utilize buildings and idle real estate, and we will continue to develop bytransforming problems into value, even considering the industry our client.
We proactively utilize technology to improve the value of the home building experience forcustomers by giving them higher-quality suggestions. A few examples include Sugata, a home
autosuggestion service, Moge Check Renovation, a renovation loan service, the Remote
Construction Management tool, which contributes to solving industry issues, such as humanresource shortage and long working hours, and AR Renove, the brand-new renovation platform
directed at purchase and resale businesses.
In addition, during the coronavirus pandemic, when many people were given the opportunity torethink their home and lifestyle, Renoveru gained attention as a means to achieve a home life thatsuits them best. Based on the satisfaction of the customers with their new homes when wesurveyed them after they renovated with Renoveru*5, we discovered that 70% of them would
renovate again if they consider moving homes in the future. Moreover, the results of this survey*6

showed that renovation has a positive impact on residents as the customers who renovated theirhomes were very happy with the outcome. We will continue to forge ahead to achieve our missionof helping people take a smart approach to creating an enjoyable home life.
Fast Company's comment on Renoveru:
Japan’s aging population is contributing to a rampant problem of vacant homes throughout thecountry. Renoveru is offering a solution in the form of renovation – a concept that’s still new in a
housing market with little resale activity. Offsetting the waste of demolition and opening newopportunities to reuse vacant structures, the company brings together designers, construction
companies, loan providers and mostly first-time homebuyers to renovate roughly 600 projects
annually. In 2020, Renoveru launched a remote construction management tool, giving its
designers real-time video access to review and guide contractors’ work on site.
Founder & CEO Tomohiro Yamashita's comment:
We are very honored to have been ranked as one of the world's most innovative companies. Our
goal is to use renovation to create a world where each individual truly enjoys a home life that isbest suited to them. We are also very proud to be the first Japanese company to be selected forthe urban development/real estate category.
There is a reason we are especially proud of this achievement. This category evaluates thecontribution to creating a better home life and environment for people using an innovative
approach. It does not only focus on building, but also on promoting the utilization of existing
structures. This is exactly the business we have been promoting ever since our foundation, andtherefore, we felt that our service has been valued. We will continue to push our business forward
to achieve our mission and solve social issues.
About Fast Company:
Fast Company is the world’s leading business media brand, with an editorial focus on innovation intechnology, leadership, world changing ideas, creativity, and design. Written for and about themost progressive business leaders, Fast Company inspires readers to think expansively, lead withpurpose, embrace change, and shape the future of business.
Launched in November 1995 by Alan Webber and Bill Taylor, two former Harvard Business
Review editors, Fast Company magazine was founded on a single premise: A global revolution
was changing business, and business was changing the world. Discarding the old rules ofbusiness, Fast Company set out to chronicle how changing companies create and compete, tohighlight new business practices, and to showcase the teams and individuals who are inventing
the future and reinventing business.
https://www.fastcompany.com/
Fast Company’s Most Innovative Companies 2021
Official page for the urban development/real estate category:https://www.fastcompany.com/90600341/urban-development-most-innovative-companies-2021
Renoveru, Inc. Profile
Renoveru is a one-stop service for finding and renovating resale apartments launched in 2010. It
operates showrooms with renovated areas across Japan, and provides one-stop support for theentire process from finding a resale apartment to renovating it, spanning everything from property
search to mortgaging, designing renovations, construction, and interiors. In addition, as part of its“urban creation business,” the company engages in the real estate revitalization business forenterprises, including renovation and conversion of entire buildings, and design of commercial
facilities and offices. Renoveru hopes to design places where people will gather, enhance thecharms of the neighborhood, and bring people and the neighborhood together.
The company supports planning, architectural design and construction to create value that will last
into the future.
Having renovated over 3,000 units, Renoveru has gained expertise, built a network that covers
real estate agencies, building contractors, and financial institutions across Japan, and has beenproactively utilizing technology. Leveraging these strengths, the company has become Japan’s top
one-stop service for finding resale apartments and renovation. Moreover, based on the data andknowledge it has gained from this, Renoveru operates a platform service that develops and offers
the industry products that are specifically designed for the renovation industry. In September 2019,
Renoveru established a joint company that specialized in renovation mortgage matching withMFS, Inc., called Moge Check Renovation. It promotes the utilization and openness of technology
in the fields of real estate, construction, and finance.
*1 Number of one-stop renovations (The Japan Journal of Remodeling: Resale Housing MarketDatabook 2015)*2 Original text from the official website: forward-thinking organizations are changing ourrelationship to cities—and the planet.
*3 Original text from the official website: The landscapes, properties, and thoughtful initiatives
defining how we live today*4 The problem of the 4.3 trillion-dollar (as of February 2022) difference between the total housing
investment and housing asset value stated in the Resale Housing Market Revitalization Round
Table - FY2013 Report (Draft) Appendix (Draft)*5 September 17th, 2020 press release:https://renoveru.co.jp/news/4096/*6 A dive into the science of renovation
https://note.renoveru.co.jp/n/n78f50651722b

Company name: Renoveru, Inc.
Founder & CEO: Tomohiro Yamashita
Capital and capital surplus: 2,439,860,000 yen
Established: April 2010
Address: Headquarters Tatsumura Aoyama Building, 5-4-35 Minami-Aoyama, Minato-ku, Tokyo
Business: Technology-driven renovation platform business, renovation of apartments and stand-alone
houses, single building renovation, design and construction of stores, offices, and commercial
facilities, as well as consulting.
Corporate website URL: https://renoveru.co.jp/Renoveru URL: https://www.renoveru.jp/
URL for the Urban Development Business Service website: https://renoveru.co.jp/citycreate/