Tokyu Fudosan Co., Ltd. Joins, Expanding Member Companies to 89

The Japan Recycle Carpet Association (Location: Chiyoda-ku, Tokyo; Chairman: Tadachika Kondo) announced that Tokyu Fudosan Co., Ltd. has newly joined, bringing the total number of member companies to 89. In the construction and real estate industries, the introduction of circular tile carpets is becoming the next standard, and further widespread adoption is expected.

**■ About the Expansion of Member Companies**
Tile carpets are widely used in office buildings and commercial facilities. However, the large amount of waste generated during replacement has been a challenge. To solve this problem, the Japan Recycle Carpet Association promotes initiatives for a sustainable society, focusing on activities to popularize and raise awareness of recycled tile carpets.

With the new addition of Tokyu Fudosan Co., Ltd., the association now brings together players responsible for the horizontal circular recycling cycle: "companies that use tile carpets," "companies that recycle and re-materialize waste tile carpets," and "companies that produce recycled tile carpets." This creates a comprehensive association structure.

The number of member companies has now reached 89, and we will continue our activities to further expand the implementation and promotion efforts across the entire industry.

List of member companies: https://recycle-carpet.jp/list

**■ Comments**
**Mr. Minoru Hirachi, Executive Officer, General Manager of Urban Business Division, Urban Unit, Tokyu Fudosan Co., Ltd.**
I express my sincere respect for the daily activities of all members of the association.

Furthermore, I am deeply grateful for this opportunity to participate in the Japan Recycle Carpet Association and work together with its members towards the realization of a circular society.

As a comprehensive developer, with "WE ARE GREEN" as our motto, we have promoted environmentally friendly businesses, including pioneering entry into renewable energy projects.

Regarding waste, including carpets, generated during tenant renovation work in our office buildings, we have actively promoted collection, sorting, and re-materialization in cooperation with partner companies and tenants.

Taking this participation as an opportunity, we intend to further evolve these efforts and strive to achieve both the creation of comfortable spaces and the reduction of waste.

We look forward to your continued guidance and support.

**Mr. Tadachika Kondo, Chairman, Japan Recycle Carpet Association**
Since its establishment on November 1, 2023, 89 companies have joined and resonated with the association's activities in approximately two years. This expansion over two years indicates that the rapid progress in decarbonization and resource circulation efforts across various companies is a major contributing factor.

This time, major developer Tokyu Fudosan Co., Ltd. has newly joined the association.

The participation of a major developer symbolizes that the construction and real estate industries have truly begun to move towards resource circulation. We will continue to deepen cooperation among member companies, work on improving collection schemes and the quality of recycled materials, and aim to promote a sustainable society that "starts from our feet," steadily building on our progress.