Setouchi City, Okayama Prefecture and Katitas Sign Collaboration Agreement on Vacant House Measures

Setouchi City in Okayama Prefecture and Katitas Co., Ltd. (President and Representative Director: Kensuke Arai; Head Office: Kiryu City, Gunma Prefecture; Securities Code: 8919; hereinafter 'Katitas'), a company engaged in the purchase and renovation of used homes, have signed a 'Collaboration Agreement on Vacant House Measures' (hereinafter 'the Agreement'). Through this Agreement, they aim to solve the vacant house problem within the city. This marks Katitas' first agreement in Okayama Prefecture.

Scene from the signing ceremony

■ Background to the Collaboration

Katitas operates a business of purchasing vacant houses, primarily in regional areas across Japan, renovating them, and selling them. In Setouchi City, the company has a track record of purchasing and selling over 40 properties. Leveraging this track record and expertise, the company hopes to contribute to the utilization of vacant houses in Setouchi City, leading to this collaboration. Furthermore, the average selling price of a house handled by Katitas is approximately 16 million yen. By distributing affordable, high-quality renovated homes, the company aims to help promote the resolution of Setouchi City's vacant house problem.

Example of a renovated property by the company

■ Company Overview

Company Name: Katitas Co., Ltd.

Location:

[Head Office] 4-2 Mihara-cho, Kiryu City, Gunma Prefecture 376-0025

[Tokyo Headquarters] PMO Hatchobori Shinkawa 9F, 2-9-11 Shinkawa, Chuo-ku, Tokyo 104-0033

Representative: Kensuke Arai, President and Representative Director

Capital: 3,778,871,000 yen (as of March 31, 2024)

Listed Market: Tokyo Stock Exchange Prime Market (Securities Code: 8919)

URL: https://katitas.jp/