With a focus on real estate management for office buildings, commercial facilities, distribution facilities, and other real estate other than residences, Xymax Corporation conducts fund management, sale, leasing, brokerage, and other business activities of investment property, focusing on major urban areas in Japan. Real estate management which is the main business activity of our corporation can be divided into two types of management: building maintenance (inspection, repair, cleaning, and security for building facilities) and property management (acting as an agent for owners or conducting rental activities; specifically, responding to tenant inquiries, leasing, planning/execution of real estate profit plans, and all other related activities).
This business involves transactions with many property owners and tenants. As a result, we often have to deal with bankruptcy, delinquency in payment, surrender of property, and other typical legal issues related to real estate. Furthermore, many of our business activities require license under the Real Estate Brokerage Act or the Financial Instruments and Exchange Act, as well as other approval of or qualification in such fields as security, construction, and electrical safety. Accordingly, when engaging in business, we must always be aware of business regulations and orders issued by regulatory agencies.
Three years ago, in response to a forecasted increase in tourists coming to Japan, our company started the development/operation of hotels, a tourism business, and operation of chartered buses. Although these types of business are common throughout the world, it is the first time that Xymax Corporation has become involved in tourism. Therefore, from the startup phase, we conducted surveys and developed operating systems while working together with onsite staff. Today, our business is operating smoothly.