Second Joint Project of SYLA and CUMICA Launched in KawasakiProviding Attractive Residences in Kawasaki, a City that Continues to Develop through Numerous Redevelopment Projects

SYLA Co., Ltd. (Head office: Shibuya-ku, Tokyo; CEO: Yoshiyuki Yuto), a wholly owned subsidiary of SYLA Technologies Co., Ltd. (Head office: Shibuya-ku, Tokyo; CEO: Hiroyuki Sugimoto; NASDAQ: “SYT”), operator of the largest membership real estate crowd-funding platform in Japan, Rimawari-kun, and CUMICA CORPORATION (Head office: Soka City, Saitama; TSE: 8887; "CUMICA"), a general real estate company engaged in the development, construction, and sale of family condominiums primarily in the Tokyo metropolitan area, will collaborate on the second joint project to develop SYLA's brand condominium, SYFORME, in Kawasaki City, Kanagawa.



About the Joint Project
SYLA Technologies and CUMICA signed a capital and business alliance agreement on January 23, 2024. As the second joint project based on the Agreement, SYLA, a subsidiary of SYLA Technologies, and CUMICA will cooperate to propose a truly valuable compact condominium.

The Kawasaki II Project was launched on July 4, 2024, combining SYLA's expertise in planning and design with CUMICA's extensive experience and technical capabilities in condominium development. Located in Tsutsumine, Kawasaki-ku, Kawasaki City, this project is conveniently situated a 5-minute walk from JR Hatchonawate Station, a 12-minute walk from JR Kawasaki Station, and a 16-minute walk from Keikyu Kawasaki Station.

Kawasaki Station is one of Japan's leading terminal stations served by three JR lines, and the rapid express stop Keikyu Kawasaki Station on the Keikyu Main Line is also accessible. These two stations and five train lines provide direct access to central Tokyo, western Tokyo, Yokohama, and both Haneda and Narita international airports, ensuring convenient travel throughout the metropolitan area. Kawasaki is also home to the headquarters and plants of large corporations that supported industry during Japan's period of rapid growth, as well as university campuses. This makes Kawasaki a vibrant city with a constant demand for housing from students.

The area around Kawasaki Station is an attractive city that continues to develop rapidly, thanks to ongoing redevelopment efforts by both the government and private sectors. The Kawasaki II Project aims to provide high-quality housing that leverages the strengths of both companies, enhance corporate value, address social issues, and contribute to local communities.

About CUMICA
CUMICA CORPORATION is a company dedicated to manufacturing. Marking its 31st year in the condominium market, CUMICA offers development, construction, and after-sales support, leveraging its extensive expertise in condominium development. CUMICA takes pride in its accumulated construction technology and high-quality standards. Prioritizing quality above all else, CUMICA strives to deliver products that ensure safety, satisfaction, and trust. One of CUMICA's competitive advantages lies in its self-formed cooperation network, which allows for effective cost control and stringent quality management, enabling the company to provide high-quality services at low costs.



About SYLA
SYLA Co., Ltd. is engaged in the real estate sales business for individuals and real estate companies. The Company develops, constructs, sells, and manages new investment condominiums centering on its own brand, SYFORME Series, targeting the 23 wards of Tokyo and the Yokohama and Kawasaki areas. SYLA Co., Ltd. also provides total solutions for investment condominiums, from the sale of used investment condominiums to the renovation of living spaces. The Company’s one-stop service, including new construction, used condominiums, and condominium management, enables the selection of locations and the design of buildings that meet ever-changing needs. This approach allows us to provide compact condominiums with true value that generate stable, long-term earnings. Guided by the philosophy of creating properties that reflect its aspirations, SYLA Co., Ltd. is steadfast in its commitment to maintaining its position as the premier partner in asset formation through housing.

SYLA Technologies Company Contact
Takeshi Fuchiwaki
Director, Chief Growth Officer
[email protected]