The board of directors of SOU Inc. has resolved to establish a subsidiary under which the company will begin real estate business operations. The SOU Group is engaged in the reuse business, buying and selling luxury brand goods, precious metals, watches, gold bullion, gems, antiques, works of art, etc. The name of the newly established subsidiary is Valuence Real Estate Inc. and the head office is 1-2-70 Konan, Minato-ku, Tokyo.