The problem
Buying an investment condo in Japan meant station-front broker offices, paper contracts, and prices only insiders could judge — while the brokerages themselves ran leasing paperwork by hand.
How it works
RENOSY, the flagship app, matches buyers with AI-priced investment condos, closes contracts digitally, and manages the units afterward with resale built in. Beside it, the ITANDI suite (BB marketplace, rental management, brokerage and buy-sell tools) sells workflow software to the industry, and spica consulting applies the playbook to M&A deals.
Pain points
Price opacity for newcomers, closing friction, absentee-landlord management headaches, and brokerages buried in manual admin.
Business model
Sales margins on investment properties at national scale plus recurring SaaS subscriptions from brokerages — a transaction-plus-software stack on the same asset base.
Challenges
Real-estate margins bite when costs rise, earnings wobble with deal timing, and the rebranded US arm (RENOSY by Renters Warehouse) still has to earn its place.
Funding
- Raised: Listed on the Tokyo Stock Exchange (terms not re-verified; omitted).
- Valuation: MISSING.
Latest — September 2026
Q3 FY2026 (reported mid-September 2026): revenue ¥69,224M, up roughly 18% YoY on RENOSY and SaaS demand, while net income ex-items eased ~14% to ¥737M and basic EPS slipped to ¥17.95 — growth holding, margins under watch. In March 2026 the company had reported RENOSY ranked No. 1 in Japan for investment-condo and apartment sales revenue for the second straight year.