Notice of Acquisition of Shares (Subsidiary Acquisition) of Bell Architecture Research Institute Co., Ltd.

Fudial Creation Co., Ltd. (Headquarters: Minato-ku, Tokyo; Representative Director: Nobuki Furukawa; hereinafter "the Company") announces that as of March 26, 2026, it has acquired 100% of the issued shares of Bell Architecture Research Institute Co., Ltd. (Headquarters: Suginami-ku, Tokyo; Representative Director: Shigeru Sakano; hereinafter "Bell Architecture Research Institute") and made it a wholly owned subsidiary.

■ Reason and Purpose for the Share Acquisition

The Company has thus far specialized in the real estate business, consistently handling everything from land acquisition to planning, development, sales, purchase/brokerage, leasing management, and building management for our in-house brand condominium series "RELUXIA". Furthermore, we are expanding our business into multiple areas, including renovation resale, crowdfunding, and house studio businesses.
On the other hand, Bell Architecture Research Institute is a first-class architectural firm with over 30 years of history, possessing high expertise and a proven track record in the planning and design of a wide range of buildings, from detached houses to condominiums and public facilities, and has earned deep trust within the industry.
Through this transaction, we aim to fuse our agile "real estate development and sales capabilities" with Bell Architecture Research Institute's "advanced design and consulting capabilities" to create the following synergies.

■ Anticipated Synergies

1. Strengthening the Architecture Department
By integrating the architectural know-how cultivated by both companies, we will strengthen our planning and proposal capabilities in the upstream stages of development.

By fusing the creative architectural design and planning capabilities possessed by Bell Architecture Research Institute with our strengths in development expertise, we will realize the provision of higher value-added buildings. In addition, we will maximize customer satisfaction by highly unifying the quality control standards of both companies and building a safer, more secure, and higher quality construction management system than ever before.

2. Internalization of Processes and Improvement of Business Efficiency through Group Collaboration

We will build a system where processes such as design and supervision, which were previously requested from external partner companies, can be mutually complemented within the group.
By welcoming Bell Architecture Research Institute to the group, we will promote the internalization of design work, construction supervision, and other tasks that were conventionally outsourced. This will not only reduce intermediary costs but also enable us to establish an overall competitive advantage for the group by shortening construction periods, responding flexibly to sudden specification changes, and creating a mechanism for immediate volume checks on newly introduced land information. By making speedy decisions within our group, we will realize business expansion that promptly meets market needs.

3. Strengthening the "Organizational Foundation" and Sustainable Growth through the Exchange of Human Resources

Through personnel exchange and the integration of administrative departments, we will build a solid organizational foundation with an eye toward the next generation.

The interaction of human resources with diverse backgrounds from both companies will accelerate organizational revitalization and technology succession. In addition, while striving for management efficiency by consolidating back-office operations, we will jointly conduct recruitment activities and educational training, thereby strengthening the securing and development of excellent human resources and establishing a management structure that supports sustainable growth.

■ Future Outlook

Moving forward, we will bring together the strengths of both companies to accelerate the development of next-generation residences that fuse design and functionality at a high level within our in-house brand condominium "RELUXIA" series. At the same time, we will focus our efforts on the active adoption of the environmentally conscious "ZEH-M (Net Zero Energy House Mansion)" standard and the development of smart condominiums with standard implementation of advanced technologies such as IoT and facial recognition systems.

We will quickly respond to ever-changing social needs and environmental issues, and build a system capable of providing our customers with higher value-added living environments and sustainable asset values than ever before.

■ Company Overview (Parent Company)

Company Name: Fudial Creation Co., Ltd.

Representative: Nobuki Furukawa, Representative Director

Location: 43F Sumitomo Fudosan Roppongi Grand Tower, 3-2-1 Roppongi, Minato-ku, Tokyo

Established: September 2013

Capital: 100 million yen

Business Activities: Real estate sales, brokerage, leasing, and management

Hourly rental of photo studios

Real estate consulting

Housing loan administrative agency services

Non-life insurance agency business and all businesses incidental to the preceding items

Real estate specified joint enterprise

■ Company Overview (Subsidiary)

Company Name: Bell Architecture Research Institute Co., Ltd.

Representative: Shigeru Sakano, Representative Director

Location: 6F Morita Building II, 3-31-14 Asagayaminami, Suginami-ku, Tokyo

Established: 1990

Capital: 20 million yen

Business Activities: Planning, design, and supervision of housing, apartment complexes, commercial facilities, educational, medical, and welfare facilities, etc.

Land use planning and consulting (land utilization, inheritance countermeasures)

Large-scale condominium repair investigation, diagnosis, design, and supervision services

Seismic diagnosis and seismic reinforcement design services for various buildings

Real estate agent business (agency and mediation business)

Worker dispatching business (architectural engineers, etc.)