TOKYO, Apr 17 (Pulse News Wire) – Kuradashi.co.,ltd. (5884.T) announced today that its board of directors approved a strategic partnership agreement with Integrity Corporation to establish a joint venture focused on revitalizing vacant properties across Japan.
The new company, Nestia Co., Ltd., plans to address the growing issue of abandoned homes by launching four key businesses: property sales and regeneration, rental management, hospitality facilities, and fund operations. Scheduled to commence operations on April 22, 2026, Nestia's capital will amount to ¥30 million. Kuradashi will hold 51% shares of the new entity, contributing ¥15.3 million in funding. The company expects the venture to serve as a new revenue stream, leveraging Kuradashi’s existing network of approximately 2,200 partner companies and brand strength in sustainability initiatives, combined with Integrity's expertise in real estate investment and management.
Key personnel appointments include sending one director from Kuradashi to Nestia. The new firm will operate out of Tokyo, Shinagawa Ku Kamioosaki San Choume and aim to tackle issues such as urban concentration, aging populations, and inheritance-related property disputes that contribute to rising vacancy rates. According to recent government data, there are now around ¥9 million vacant homes nationwide, marking a record high vacancy rate of 13.8%. Kuradashi CEO Akihisa Kawamura stated, “Our mission remains ‘Creating value through good business for future generations.’ By expanding our focus from food sustainability to housing, we aim to create significant social impact while fostering economic growth.” The company also noted that further details on how this initiative might affect its fiscal year ending June 2026 will be disclosed once fully evaluated.
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