Crassone and Mizushima Shinkin Bank Launch Business Partnership to Address Vacant Home Issues

Crassone Co., Ltd. (Headquarters: Nagoya City, Aichi Prefecture, CEO: Teppei Kawaguchi, hereinafter "the Company"), which operates a DX platform for demolition work, has begun a business partnership with Mizushima Shinkin Bank (Main Office: Kurashiki City, Okayama Prefecture, President: Hiroyuki Yokomizo) aimed at solving issues related to vacant and dilapidated buildings in the region. The two companies will promote cross-sector collaboration, from consultation support for "ending one's home life" to creating business opportunities for local contractors and strengthening local governments' vacant home measures.

Background and Objectives of the Business Partnership

In Japan, due to declining birthrates, aging population, and population decrease, the number of dilapidated houses and buildings is increasing, causing various problems in local communities such as disaster prevention, crime prevention, and landscape deterioration. In particular, many cases involve delays in building demolition or utilization due to reasons like inheritance, management burdens, and cost, making it a critical issue for the sustainable development of local communities.

The Company's vision is to "foster a culture of circular regeneration of 'towns'" and it operates "Crassone," a service that matches over 2,400 specialized construction companies nationwide with clients in the demolition work sector, with a cumulative track record of over 170,000 users (*). The Company has also established a system to provide one-stop services tailored to the growing needs of "ending one's home life," including household item disposal before demolition and land sales or utilization after demolition, by partnering with businesses from various industries.

About Mizushima Shinkin Bank

Mizushima Shinkin Bank, with its primary service area in Kurashiki City, Okayama Prefecture, aims for the prosperity of the local community and its people by focusing on financial services closely tied to the region, as well as non-financial support for solving local issues, based on the fundamental philosophy of "coexistence and co-prosperity with the local community."

Through this partnership, the two organizations will leverage their respective expertise and networks to jointly advance support for the demolition and regeneration of dilapidated buildings and vacant homes in the region. Specifically, they will establish a referral system to connect demolition consultations from Mizushima Shinkin Bank's client companies and local residents to Crassone, and promote the registration of local construction companies to create local business opportunities and strengthen the construction system. Furthermore, they will jointly implement measures such as consultation sessions and information provision in collaboration with local governments, further strengthening support for regional vacant home issues. Through this partnership, both organizations will contribute to the creation of a safe and secure local community.

Comments from Representatives

Hiroyuki Yokomizo, President, Mizushima Shinkin Bank

"Based on our fundamental philosophy of 'coexistence and co-prosperity with the region,' our bank is engaged in supporting local issue resolution through both financial and non-financial means. The vacant home problem is a critical issue directly linked to creating a safe and secure community and effectively utilizing assets. By collaborating with Crassone, which has strengths in the demolition sector, we aim to alleviate the anxieties and burdens associated with our customers' 'ending their home life' and also create business opportunities within the region."

Teppei Kawaguchi, CEO, Crassone Co., Ltd.

"As we conduct our business with the vision of 'fostering a culture of circular regeneration of 'towns',' we have seen a year-on-year increase in consultations regarding 'ending one's home life' and feel the growing issue of vacant homes. We are very pleased to be able to offer a wider range of support to vacant home owners through our collaboration with Mizushima Shinkin Bank. We will strive to contribute to the preservation of living environments and regional revitalization by utilizing our company's knowledge, experience, and IT technology related to demolition."

About Mizushima Shinkin Bank (Company Profile)

Main Office

8-23 Mizushimanishi Tokiwa-cho, Kurashiki City, 712-8059

Representative

President Hiroyuki Yokomizo

Established

June 1, 1950

URL

https://www.shinkin.co.jp/mizushima/

About Crassone Co., Ltd. (Company Profile)

Headquarters

Central Building 5F, 2-11-30 Sakae, Naka-ku, Nagoya City, Aichi Prefecture, 460-0008

Representative

CEO Teppei Kawaguchi

Established

April 1, 2011

URL

https://www.crassone.co.jp

"Crassone" Service Overview

"Crassone," launched nationwide in April 2020, is a service that matches over 2,400 specialized construction companies nationwide with clients in the demolition work sector. It introduces the optimal construction company based on the client's desired conditions. The operation supports clients from consultation on estimate details to completion of construction, and electronic contracts are used for agreements, allowing everything to be completed online.

Furthermore, it offers the "Demolition Cost Simulator," which allows users to grasp an estimated cost for demolition work in as little as 1 minute, and the "Sumai no Shukatsu Navi" (Home End-of-Life Navigation), which simultaneously calculates the estimated land sale price after demolition in addition to the demolition costs. These services have been adopted for three consecutive years, from Reiwa 3 to Reiwa 5 (2021-2023), in the Ministry of Land, Infrastructure, Transport and Tourism's "Model Project for Vacant Home Measures Utilizing the Housing Market" as part of public-private collaboration vacant home measures.

(*) Includes achievements from the former service "Kurasoune Kaitai".