SOMPO Holdings and Speee Sign Basic Agreement to Establish Joint Venture

SOMPO Holdings, Inc. (Group CEO, Representative Executive Officer, and President: Mikio Okumura, hereinafter "SOMPO Holdings") and Speee, Inc. (Representative Director: Hideki Otsuka, hereinafter "Speee") have signed a basic agreement to establish a joint venture. This venture will support the digital transformation of the renovation and repair sector, aiming to make "Trust, Transparency, and Speed" the new industry standard to reduce the anxiety and burden on customers during natural disasters and to promote the healthy development of the renovation industry.

1. Initiatives of Both Companies to Date

When a natural disaster occurs, many customers' homes are damaged, and arranging for repair contractors requires significant time and effort. Furthermore, troubles with malicious businesses that take advantage of disasters and contractors who perform improper insurance claim agency services have become a social problem. To address this issue, Sompo Japan Insurance Inc. (President: Koji Ishikawa, hereinafter "Sompo Japan"), a core company of the SOMPO Group, and Speee have been in a business alliance since December 2022, developing the "Minna no Repair*1" service, which introduces reputable repair contractors. A nationwide trial starting in fiscal 2023 has demonstrated solid results in providing prompt recovery support and ensuring appropriate insurance payments.

*1 A service that allows customers to confidently select the optimal repair contractor from multiple reputable options.

Related News Release: Renewal of the "Minna no Repair" building repair contractor introduction system (May 21, 2025)

2. Purpose of Establishing the Joint Venture

Through the nationwide trial, we realized that to alleviate customers' anxiety and burden during disasters, it is necessary to build a comprehensive system that supports the prompt arrangement of reliable, high-quality repair contractors and an early start to construction. Therefore, we decided that it was necessary to further develop our existing business alliance and establish a joint venture.

By combining Speee's extensive network of repair contractors in its renovation DX business with Sompo Japan's customer base, we aim to solve problems inherent in the renovation industry, such as information asymmetry and issues with contractors.

Furthermore, by supporting sustainable business operations through securing appropriate profits for repair contractors and improving user value through enhanced construction quality, we will also contribute to the overall health of the industry.

This initiative is also part of Sompo Japan's "HIKESHI DNA 2030 Project*2," embodying a new way for an insurance company to be, not just by "delivering insurance payments promptly," but by "accompanying customers until their homes are restored."

*2 A project by Sompo Japan to strengthen initiatives in the disaster prevention and mitigation field to realize a disaster-resilient society where everyone can live with peace of mind.

Related News Release: HIKESHI DNA 2030 Project Launched (March 25, 2026)

3. Overview of the Joint Venture Establishment and Investment

Speee will execute a company split to transfer its renovation DX business*3 to a new company. Subsequently, SOMPO Holdings will invest in this new company.

*3 This is a business that promotes the digital transformation of the renovation and repair sector, including Speee's services such as "Minna no Repair" for introducing reputable repair contractors during disasters, "Nurikae" for finding exterior painting companies, "Refosum" for comparing plumbing renovation companies, and the "Budii" sales support app.

4. Business Content of the Joint Venture

The joint venture plans to conduct the following businesses:

(1) Providing a matching platform for renovation contractors and users

(2) Developing and providing products that improve the productivity of renovation contractors

(3) Introducing reputable repair contractors to customers whose homes have been damaged in a disaster

5. Main Initiatives

The joint venture will primarily aim for the following developments:

(1) During normal times only