Asian Star Co. has resolved to enter a business alliance with HR Co. concerning the real estate business. The companies will jointly promote the organization, brokering of sales and purchases, purchase-resale, and rental management of AS Real Estate, and Mr. Hu Hao will oversee AS Real Estate as an Executive Officer to strengthen collaboration. 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The companies will jointly promote the organization, brokering of sales and purchases, purchase-resale, and rental management of AS Real Estate, and Mr. Hu Hao will oversee AS Real Estate as an Executive Officer to strengthen collaboration. The impact is expected to be minor, while aiming to enhance corporate value over the long term.","jir_summary":"### Overview of the Business Alliance\nThe Company has formally concluded a business alliance with HR Co. regarding the real estate business. The arrangement includes establishing the AS Real Estate structure and jointly promoting brokering of sales and purchases, purchase-resale, and rental management. Mr. Hu Hao will be appointed Executive Officer to oversee AS Real Estate. By leveraging both companies' know-how and human resources, the parties aim to expand business profitability and enhance corporate value.\n\n### Future Impact and Disclosures\nThis alliance has already been factored into the consolidated earnings guidance for the current term, and the impact on future results is expected to be minor. Transaction terms will be appropriately negotiated and deliberated, with thorough management of conflicts of interest. The promotion of the new structure is also expected to strengthen overseas networks.","jir_financial_highlights":"New collaborations related to the real estate business: Unknown (Unknown)","jir_category":"","jir_hashtags":"#AsianStarCo #BusinessAlliance","jir_key_figures":"AS Real Estate rental management units: 693 units (as of July 31, 2026)\nRepresentative: Hu Hao (Representative Director of HR Co.; appointed Representative Director of AS Real Estate)\nDate of period\/event: October 23, 2026 (board resolution and contract signing date)","jir_meta_title":"Asian Star Co. Announces Business Alliance in Real Estate Business\uff5cOctober 2026","jir_meta_description":"Asian Star Co. announces a business alliance with HR Co. to jointly oversee AS Real Estate and expand rental management operations, aiming to enhance corporate value over the long term. Hu Hao appointed as Executive Officer.","jir_og_title":"Asian Star Co. Announces Business Alliance in Real Estate Business\uff5cOctober 2026","jir_og_description":"Asian Star Co. has decided on a business alliance with HR Co. for its real estate business. By establishing an oversight structure and expanding rental management, the companies aim to enhance corporate value. The impact on current-term results is expected to be minor.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":61217,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"business_update","footnotes":""},"sector":[],"importance":[],"class_list":["post-133977","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n