TKP

Basic Information

Stock Code
3479
Industry
Real Estate
Category Detail
Real Estate & Housing
Prefecture
Tokyo
Establishment Year
August 2005
Listing Year
March 2017
Official Website
https://www.tkp.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Escry, Hulic, Az Kikaku Sekkei, Real Gate, D Cycle, JALCO Holdings, Heiwa Real Estate, Keihanshin Building, TOC, Airport Facility, Aeon Mall, Kin'ei, Kabuki-za

Overview

TKP is a company established in 2005 with strengths in operating rental conference rooms, and has grown into Japan's largest player in real estate leasing and related services.

Current Situation

TKP recorded consolidated revenue of 54.3 billion yen and operating profit of 6.3 billion yen in the fiscal year ended February 2020, establishing itself as Japan's leading company in the rental conference room business. It utilizes a variety of real estate properties and has streamlined hourly rentals through internet sales. In addition to rental conference rooms, the business has diversified into hotel and resort operations, food and beverage/catering, event space production, call centers/BPO, and more. It has strengthened hotel operations through a franchise agreement with Apa Hotel. In recent years, it has acquired a Japanese subsidiary of an overseas rental office business and invested in a sports club operator. In 2024, it acquired subsidiaries Liliカラ and Novareze to expand into a wide range of space creation businesses. Competitors include Hulic and Aeon Mall, and it is focusing on differentiation within the industry. Moving forward, it plans to consolidate space services with rental conference rooms as the core, expand BPO business, and strengthen regional collaborations.

Trivia

Interesting Facts

  • Expanded business in early days by utilizing near-demolition buildings.
  • Company name 'TKP' derives from founder Takaki Kono's initials.
  • Pioneered the model of selling conference room time by the hour.
  • Acquired all shares of rental office Japan subsidiary for a period.
  • Partnered with Apa Hotel to develop hotel franchises.
  • Acquired and expanded bento catering from established brands.
  • Listed as lead shareholder of J.League's Oita Trinita.
  • Partnered with First Cabin for capsule hotel business.
  • Expands diverse space production through subsidiaries.
  • Contracted to operate Tokyo Metropolitan Government Employees' Mutual Aid lodging facility.

Hidden Connections

  • Founder's Itochu Corporation experience greatly influences business strategy.
  • Oita Trinita investment strengthens regional sports promotion and corporate ties.
  • Catering business fused and developed through Hokke Hokke Tei investment.
  • Implemented selection and concentration by transferring rental office business.
  • Novareze subsidiary enables diversification into wedding market.
  • Synergy creation with interior sector via Liliカラ subsidiary.
  • IT reservation system for rental conference rooms sometimes considered industry standard.
  • Apa Hotel franchise partnership is unusual alliance in the industry.

Future Outlook

Growth Drivers

  • Recovery and growth in domestic corporate demand
  • Increased rental conference room demand from event recovery
  • Expanded revenue contribution from diversified businesses
  • Reservation management and customer service innovation via DX
  • Strengthening regionally focused hotel and lodging business
  • Active investment in sustainability initiatives
  • Development of new markets and customer segments
  • Rebuilding and strengthening overseas expansion
  • Expansion of franchise model
  • Packaging of comprehensive space services

Strategic Goals

  • Maintain and expand over 50% market share in rental conference rooms
  • Achieve 40% revenue ratio from related services
  • Strengthen regionally collaborative event spaces
  • Advanced IT systems and improved customer experience
  • Improve ESG ratings through sustainable management
  • Achieve 20% revenue ratio from new businesses
  • Improve talent retention through diverse work support
  • Enhance brand value through enriched CSR activities
  • Establish profit base in overseas business
  • Strengthen group-wide corporate social responsibility

Business Segments

Rental Conference Room Operations

Overview
Provides diverse conference spaces and peripheral services for corporations and organizations.
Competitiveness
Nationwide network and IT reservation system for convenience
Customers
  • Large Corporations
  • Small and Medium Enterprises
  • Government Agencies
  • Educational Institutions
  • Event Planning Companies
  • Freelancers
Products
  • Hourly Conference Rooms
  • Long-term Leasing Plans
  • Conference Equipment Rental
  • Internet Reservation System
  • Catering Services

Hotel and Lodging Business

Overview
Operates various lodging facilities in collaboration with regional tourism promotion.
Competitiveness
Multi-faceted lodging services leveraging real estate expertise
Customers
  • Tourists
  • Business Travelers
  • Travel Agencies
  • Local Governments
Products
  • Hot Spring Inn Services
  • Simple Accommodation Operations
  • Hotel Franchise Operations

Catering and Food & Beverage Services

Overview
Comprehensive food and beverage services optimized for conferences and events.
Competitiveness
High-quality kitchen system acquired from established businesses
Customers
  • Event Organizers
  • Corporate Conference Room Users
  • Party Operators
Products
  • Bento Box Catering
  • Catering Cuisine
  • Food Event Planning

Event Space Production

Overview
Total support for spaces and operations tailored to diverse events.
Competitiveness
Efficient space utilization drawing on conference room operation expertise
Customers
  • Corporate Seminar Operators
  • Trade Show Organizers
  • Various Event Planning Companies
Products
  • Event Venue Setup
  • Planning and Operation Support
  • Audio-Visual Equipment Rental

Call Center and BPO Services

Overview
Provides outsourced business services to improve operational efficiency.
Competitiveness
High-quality services and efficient operations through IT integration
Customers
  • Telecom Companies
  • Financial Institutions
  • Mail-Order Businesses
  • Logistics Companies
Products
  • Customer Service Call Centers
  • Administrative Processing Outsourcing
  • Back-Office Support

Rental Office Business

Overview
Office space provision for diverse needs. (Transferred in 2023)
Competitiveness
Flexible contract system for short-term use
Customers
  • Startups
  • Sole Proprietors
  • Foreign Companies
Products
  • Private Offices
  • Coworking Spaces
  • Virtual Offices

Wedding Business

Overview
High-quality wedding services centered on wedding venues.
Competitiveness
Brand strengthening through Novareze subsidiary
Customers
  • Couples
  • Wedding Planners
  • Bridal Businesses
Products
  • Wedding Venue Operations
  • Wedding Coordination
  • Ceremony Planning Support

Real Estate Management and Operations Services

Overview
Supports optimization of owned real estate operations and asset value preservation.
Competitiveness
Long years of real estate operation expertise
Customers
  • Real Estate Owners
  • Corporate Investors
  • Condominium Management Associations
Products
  • Real Estate Leasing Management
  • Building Maintenance
  • Asset Management Consulting

IT System Development and Operations

Overview
Development and operation of IT solutions for internal and external use.
Competitiveness
IT design and customization tailored to business needs
Customers
  • In-house Business Divisions
  • External Corporations
  • Sales Partners
Products
  • Reservation Management System
  • Sales Data Analysis
  • Online Ad Operations

Logistics Services

Overview
Operates logistics base networks for in-house and external businesses.
Competitiveness
Efficient inventory management and transport system
Customers
  • Catering Business
  • Event Equipment Provision
  • Corporate Deliveries
Products
  • Food Delivery
  • Equipment Transport
  • Materials Management

Marketing and Advertising

Overview
Implements comprehensive marketing support.
Competitiveness
Wide exposure through diverse channels
Customers
  • In-house Services
  • Partner Companies
  • Event Organizers
Products
  • Event Promotion
  • Brand Planning
  • Digital Advertising Deployment

Education and Training Facility Operations

Overview
Operations and support for corporate education and training facilities.
Competitiveness
Dedicated equipment and services tailored to corporate needs
Customers
  • Corporate Training Institutions
  • Educational Institutions
  • In-house Training Managers
Products
  • Training Space Rental
  • Materials Provision
  • Operation Support

Competitive Advantage

Strengths

  • Nationwide leading network in rental conference rooms
  • Diversified space services
  • Comprehensive IT reservation and management system
  • Long-standing real estate leasing management expertise
  • Revenue diversification through diverse businesses
  • Strong corporate sales foundation
  • Flexible hourly rental marketing
  • Regionally focused hotel business expansion
  • Trusted catering business brand
  • Business expansion through capital and operational alliances
  • Event operation expertise
  • High-quality BPO services
  • Business strengthening through group subsidiaries
  • Service improvements aligned with customer needs
  • Talent development system for multiple professions

Competitive Advantages

  • Nationwide rental conference room deployment with top market share
  • Diverse services tailored to customer needs
  • Smooth reservation management utilizing IT
  • Synergy effects from hotel and food & beverage businesses
  • Stable transaction relationships with major corporate customers
  • One-stop provision of audio-visual equipment, catering, etc.
  • Maximizes unit prices through flexible hourly rentals
  • Risk diversification via active business diversification
  • Advances specialization through subsidiary strategy
  • Brand expansion via franchise model
  • Differentiation through event space production
  • Service customization to regional needs
  • Customer acquisition via diverse sales channels
  • Maintains high customer satisfaction and trust
  • Improves service quality through talent development

Threats

  • Intensified price competition from new entrants
  • Risk of reduced conference demand due to pandemics
  • Impact of fluctuations in office rents and real estate prices
  • Changes in customer needs from IT innovations
  • Intensified competition in hotel and lodging business
  • Potential increase in operating costs from stricter regulations
  • Reduced rental conference room demand from telework prevalence
  • Risk of corporate budget cuts from economic downturn
  • Profit pressure on overseas business from exchange rate fluctuations
  • Facility damage risk from large-scale natural disasters
  • Supply impacts from supply chain disruptions
  • Concerns over data breaches and security issues

Innovations

2024: Subsidiary Acquisition of Liliカラ Co., Ltd.

Overview
Acquired interior materials company to strengthen space coordination.
Impact
Enables one-stop space creation services

2024: Subsidiary Acquisition of Novareze Co., Ltd.

Overview
Acquired high-end wedding business company to advance diversification.
Impact
Full entry into bridal market and brand expansion

2023: Transfer of Japan Regus Holdings Shares

Overview
Transferred rental office business for efficiency and focus on core operations.
Impact
Advances strengthening of rental conference room business by concentrating management resources

2020: Launch of Call Center and BPO Business

Overview
Launched corporate business process outsourcing as a new venture.
Impact
Contributes to revenue diversification and customer base expansion

Sustainability

  • Reducing environmental impact through energy-saving equipment
  • Supporting urban development through regional collaborations
  • Promoting resource recycling in building renovations
  • Internal systems supporting diverse work styles
  • Strengthening emergency response systems for disasters