Nowcast and TRUSTART Begin Collaboration to Build a "Company-Centric" Real Estate Database for Approximately 240,000 Companies, Including Unlisted Ones

Nowcast Inc. (Headquarters: Chiyoda-ku, Tokyo; CEO: Hitoshi Tsujinaka; hereinafter "Nowcast"), part of the Finatext Group which provides financial infrastructure for the AI era, and TRUSTART Inc. (Headquarters: Chuo-ku, Tokyo; CEO: Yojiro Oe; hereinafter "TRUSTART"), which provides solutions utilizing real estate and corporate registration data, have begun a collaboration to integrate their respective data and provide a "company-centric" owned real estate database and analysis services for approximately 240,000 companies, including unlisted ones.

Background of Collaboration

Amidst rising needs for real estate sales and asset compression to improve corporate financial health, the importance of CRE (Corporate Real Estate) sales for real estate companies and financial institutions is increasing. However, comprehensively understanding "which companies own real estate and where" has been a long-standing challenge. Information on real estate owned by companies was primarily obtained from IR materials such as securities reports. This method was limited to approximately 4,000 listed companies, and the information published was biased towards large-scale assets, with property locations only disclosed down to the town/block level, making pinpoint property identification difficult. Furthermore, systematic data for smaller assets like hotels, factories, warehouses, parking lots, and employee dormitories, as well as real estate owned by unlisted companies, did not exist.

While real estate registration data can identify owners, due to the structure of "searching for an owner from a land parcel number," it requires individually acquiring and consolidating a large volume of registration documents to list the real estate owned by a particular company from the company's perspective. TRUSTART has been addressing this challenge by independently collecting and creating a database of analog registration information that can only be obtained at government offices or on-site. Nowcast, on the other hand, provides "DataLinc," a DaaS that uses generative AI to consolidate corporate data and integrate it with external data. By combining the data and technologies of both companies, this collaboration will achieve the construction of a more accurate, company-centric real estate database.

Furthermore, due to a legal amendment scheduled to take effect on October 1, 2026, some information from real estate registration receipt books will no longer be disclosed. This will effectively restrict information acquisition for sales purposes using registration receipt books, making the development of comprehensive and accurate real estate data increasingly important.

Details of Collaboration

In this collaboration, TRUSTART's real estate registration (full details/owner details) and corporate registration database "R.E.DATA," which TRUSTART independently acquires at a pace of tens of thousands of cases monthly, will be integrated with Nowcast's corporate database, which includes financial data, job postings, and employee trends for listed and unlisted companies. By utilizing "DataLinc's" consolidation technology for this integration, the following will be achieved:

(1) "Reverse Lookup" of Owned Real Estate Centered on Approximately 240,000 Companies Through Consolidation Using Generative AI

TRUSTART collects real estate registration data at a pace of tens of thousands of cases monthly and provides it as a platform. In this collaboration, by combining this data with TRUSTART's generative AI-powered consolidation technology, it will accurately link the owner names on real estate registrations (including variations in notation, former company names, and group company names) with corporate numbers. This will enable a reverse lookup function to "identify a list of owned real estate from a company name," in addition to the conventional mechanism of "searching for an owner from a land parcel number." This will include smaller assets not listed in IR materials, such as hotels, factories, warehouses, parking lots, and employee dormitories, and will be digitized at the land parcel and building number level.

(2) "Detection of Real Estate Sale Signals" by Combining Registration Data and Corporate Trend Data

By utilizing "DataLinc's" automatic corporate change detection function, corporate trend data held by Nowcast, such as changes in employee numbers, fluctuations in financial results, and trends in job advertisement numbers, will be combined with the real estate and corporate registration data collected by TRUSTART. This will detect multiple signals related to corporate management trends, such as changes in executives and capital increases/decreases discernible from corporate registrations, to support prioritization in CRE sales.

Service Offerings

Services will be offered in two formats to meet customer needs:

(1) Product Offering

For large to medium-sized real estate businesses, integrated data including company name, owned real estate address, and area will be provided on a monthly subscription basis. This will be offered by combining TRUSTART's registration data platform "R.E.DATA" with Nowcast's business-specific AI agent "DataLensHub."

(2) Individual Solutions

For enterprise clients such as major real estate companies, financial institutions, real estate funds, and institutional investors, customized solutions will be provided on a project basis for use in areas like activist investor countermeasures and fund acquisition considerations.

Future Development

Nowcast and TRUSTART began data integration and joint sales activities in April 2026 and plan to commence service provision to major real estate companies and financial institutions in July. Moving forward, both companies will continue to develop the data infrastructure in the corporate real estate market through the integration of registration data and corporate data.

Inquiries Regarding This Matter

Nowcast Inc. Inquiry Form

https://nowcast.co.jp/news?form=demo_request_start

TRUSTART Inc. Inquiry Form

https://www.trustart.co.jp/contact

【Reference Information】

Data Integration and Monitoring DaaS "DataLinc"

A service that uniquely consolidates various corporate data, including variations in notation, based on the National Tax Agency's corporate number, and provides it linked with diverse dynamic data (alternative data) related to companies.

Business-Specific AI Agent "DataLensHub"

An industry-specific AI agent that can quickly identify high-probability potential customers and favorable properties. It supports industry-specific business operations such as store development and office sales by leveraging multiple third-party data, including intent data (*).

*Intent Data: Data indicating that users or companies have shown interest in specific products or services. It is obtained by analyzing user online behavior, search history, content viewing patterns, social media activity, etc.

Nowcast Inc.

Nowcast Inc., established in 2015, is a leading company in alternative data, originating from the "Todai Daily Price Index (now Nikkei CPINow)" project at the University of Tokyo's Graduate School of Economics, led by Professor Tsutomu Watanabe. It is responsible for the data AI business within the Finatext Group, which provides financial infrastructure for the AI era. The company handles a large volume of "alternative data" such as POS data, credit card transaction data, and job advertisement data, and supports business operations through both generative AI utilization and data infrastructure development. It also develops proprietary economic indices to provide real-time economic statistics and visualize corporate management strategies, supporting asset management and economic research operations for over 250 domestic and international financial institutions, think tanks, governments, government-affiliated financial institutions, and overseas hedge funds.

Company Name: Nowcast Inc.

Representative: CEO Hitoshi Tsujinaka

Established: February 2015

Location: 9th Floor, Sumitomo Fudosan Kudan Building, 1-8-10 Kudankita, Chiyoda-ku, Tokyo

Official Website: https://nowcast.co.jp/

TRUSTART Inc.

TRUSTART Inc. is a real estate tech company founded in 2020 as an internal venture of Mitsubishi UFJ Trust and Banking Corporation and spun off in 2022. It provides "R.E.DATA," an independently collected and digitized database of analog real estate and corporate information that exists only at government offices and on-site, to a wide range of industries including real estate, finance, M&A, consulting, and professional services. By collecting analog real estate information on the ground that does not exist on the internet, it builds a highly accurate data infrastructure and supports the digitalization of real estate-related operations.

Company Name: TRUSTART Inc.

Representative: CEO Yojiro Oe

Established: May 2020

Location: 8th Floor, Sumitomo Fudosan Yaesu-dori Building, 2-14-1 Hatchobori, Chuo-ku, Tokyo

Official Website: https://www.trustart.co.jp/