Nihon Shintatsu ^{Filed Terms, Nasdaq: JSTT}

Nihon Shintatsu Co., Ltd., is a Hokkaido-based real estate company primarily engaged in the acquisition, enhancement, and resale of real estate assets in tourism-driven markets such as Niseko, Furano, and Otaru. Our business model centers on identifying underutilized or mispriced properties in high-potential tourist areas and transforming them into attractive assets for resale to end buyers, including foreign investors and high-net-worth individuals. By concentrating on Hokkaido’s most visited locales, we leverage the region’s rising appeal to both domestic and international travelers. This focused strategy differentiates us from general real estate developers and positions us as a specialist in Japan’s tourism-driven real estate sector. Our revenue is primarily generated through direct asset sales following successful property enhancement, with additional income from consulting services, rental income and renovation services. To date, our development inventory and realized revenues have been modest, reflecting our early-stage focus on building a pipeline of projects.