TRUSTART and Nowcast Collaborate to Build a Database of Real Estate Holdings for Approximately 240,000 Companies, Including Unlisted Firms

TRUSTART Co., Ltd. (Headquarters: Chuo-ku, Tokyo; Representative Director: Yojiro Oe; hereinafter "TRUSTART") and Nowcast Inc. (Headquarters: Chiyoda-ku, Tokyo; Representative Director CEO: Hitoshi Tsujinaka; hereinafter "Nowcast"), a company providing financial infrastructure for the AI era as part of the Finatext Group, have begun collaborating to integrate their respective data and provide a database of real estate holdings and analysis services for approximately 240,000 companies, including unlisted firms, from a "company-centric" perspective.

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 held by companies has primarily been obtained from IR materials such as securities reports. This method, however, is limited to approximately 4,000 listed companies, and the information published tends to focus on 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 company dormitories, as well as real estate held 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 all real estate owned by a specific 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 from government offices or on-site. Nowcast, on the other hand, offers "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 aims to build a more accurate, company-centric real estate database.

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

Details of Collaboration

In this collaboration, TRUSTART's real estate registration (full details, owner details) and commercial 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, including financial data, job postings, and employee trends for both listed and unlisted companies. By utilizing "DataLinc's" consolidation technology for this integration, the following will be achieved:

(1) Reverse lookup of real estate holdings for approximately 240,000 companies from a "company-centric" perspective, achieved 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 "DataLinc's" consolidation technology utilizing generative AI, it will accurately link the owner name on real estate registrations (including variations in notation, former company names, and group company names) with the corporate number. This will enable a reverse lookup function to "identify a list of owned real estate from a company name," in addition to the conventional method of "searching for an owner from land parcel numbers." The database will be built down to the land parcel and building number level, including smaller assets such as hotels, factories, warehouses, parking lots, and company dormitories that are not disclosed in IR materials.

(2) "Detection of Real Estate Sale Signals" by cross-referencing registration data with corporate trend data.

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

Service Offerings

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

(1) Product Offering

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

(2) Individual Solutions

Customized solutions will be provided on a project basis for enterprise clients such as major real estate companies, financial institutions, real estate funds, and institutional investors, which can be utilized for 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 start providing services to major real estate companies and financial institutions from July. Both companies will continue to promote the development of data infrastructure in the corporate real estate market through the integration of registration data and corporate data.

【Inquiries Regarding This Matter】

・TRUSTART Co., Ltd. Contact Form https://www.trustart.co.jp/contact

・Nowcast Inc. Contact Form https://nowcast.co.jp/news?form=demo_request_start

【Reference Information】

・Data Integration and Monitoring DaaS "DataLinc"

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

・Industry-Specific AI Agent "DataLensHub" An industry-specific AI agent that can quickly identify high-probability potential customers and favorable properties. It supports industry-specific 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 posts, etc.

<Overview of TRUSTART Co., Ltd.> TRUSTART Co., Ltd. was founded in 2020 as an internal venture of MUFG Trust and Banking Corporation and spun off in 2022. It is a real estate tech company. It provides "R.E.DATA," a database of analog real estate and corporate information independently collected from 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 that does not exist on the internet through on-the-ground efforts, it builds a highly accurate data infrastructure and supports the digitalization of real estate-related operations.

Company Name: TRUSTART Co., Ltd.

Representative: Representative Director Yojiro Oe

Established: May 2020

Location: Sumitomo Fudosan Yaesu-dori Bldg. 8F, 2-14-1 Hatchobori, Chuo-ku, Tokyo

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

<Overview of Nowcast Inc.> Nowcast Inc. was established in 2015, evolving from the "Todai Daily Price Index (now: Nikkei CPINow)" project at the University of Tokyo's Graduate School of Economics, Watanabe Lab. It is a leading company in alternative data. Within the Finatext Group, which provides financial infrastructure for the AI era, it is responsible for the data AI business. It handles a large volume of "alternative data" such as POS data, credit card settlement data, and job posting data, and supports business operators' operations through both generative AI utilization and data infrastructure development. It also develops proprietary economic indices, real-time economic statistics, and visualizes 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: Representative Director CEO Hitoshi Tsujinaka

Established: February 2015

Location: Sumitomo Fudosan Kudan North Bldg. 9F, 1-8-10 Kudan Kita, Chiyoda-ku, Tokyo

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