Nowcast Inc. (Headquarters: Chiyoda-ku, Tokyo; CEO: Hitoshi Tsujinaka; hereinafter "Nowcast"), part of the Finatext Group which provides financial infrastructure for the AI era, and TRUSTART Inc. (Headquarters: Chuo-ku, Tokyo; CEO: Yojiro Oe; hereinafter "TRUSTART"), which provides solutions utilizing real estate and corporate registration data, have begun a collaboration to integrate their respective data and provide a "company-centric" owned real estate database and analysis services for approximately 240,000 companies, including unlisted ones. ■ 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 owned by companies was primarily obtained from IR materials such as securities reports. This method was limited to approximately 4,000 listed companies, and the information published was biased towards 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 employee dormitories, as well as real estate owned 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 the real estate owned by a particular 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 at government offices or on-site. Nowcast, on