Azoom

Basic Information

Stock Code
3496
Industry
Real Estate
Category Detail
Real Estate & Housing
Prefecture
Tokyo
Establishment Year
October 2009
Listing Year
September 2018
Official Website
https://azoom.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Hatch Work, Apple Park, Japan Parking Development, LA Holde, Trust Holdings, Az Kikaku Sekkei, Park24, Paraca, Vis, Japan System Bank

Overview

Azoom is a proptech company founded in 2009, focusing on subleasing monthly parking lots and rental space reservation systems to promote efficient real estate asset utilization.

Current Situation

Azoom recorded consolidated net sales of approximately 10.5 billion yen and operating profit of approximately 1.8 billion yen for the fiscal year ending September 2024, establishing a stable revenue base. Its core monthly parking lot subleasing and referral services boast high industry recognition through self-developed search portals like 'CarParking.' It also offers diverse proptech services, including the 'Smart Space Reservation' rental space booking system, to facilitate customers' idle asset utilization. Through subsidiaries' service expansions and the establishment of a Vietnam base, it is pursuing business diversification and international growth. Information security is ensured via ISO27001 certification and Privacy Mark acquisition. Efforts in environmental initiatives and community contributions are being strengthened, aiming for competitive edge in the Growth Market over the medium to long term. While tackling challenges like adopting cutting-edge IT and swiftly responding to market needs, it is advancing a sustainable growth strategy toward 2030.

Trivia

Interesting Facts

  • Pioneering company in IT utilization within the real estate industry.
  • Offers unique subleasing services in the monthly parking sector.
  • Established IT development subsidiary in Vietnam for overseas expansion.
  • Headquarters located in Shinjuku Minds Tower, Shibuya-ku, Tokyo.
  • Reservation systems for local governments highly acclaimed.
  • Focuses on information security with ISO27001 certification.
  • Engaged in multi-faceted business as registered outdoor advertiser.
  • Actively promoting increase in female managers.
  • Provides diverse real estate asset utilization solutions.
  • Industry innovator fusing IT and real estate.

Hidden Connections

  • Broad collaboration on real estate-related IT services through subsidiaries.
  • Provides public facility reservation systems in partnership with local governments.
  • Built global IT development framework utilizing Vietnam local subsidiary.
  • Numerous industry partnerships with parking-related competitors.
  • Shinjuku Minds Tower headquarters serves as collaboration hub with other IT firms.
  • ISO27001 certification is rare among real estate firms.
  • Technical collaboration with peer Park24 in the industry.
  • Competing for market share with rivals like Japan Parking Development and Paraca.

Future Outlook

Growth Drivers

  • Market growth from expanding proptech demand
  • Rising societal interest in effective idle asset utilization
  • Service sophistication using AI and IoT
  • Expansion of public projects through local government partnerships
  • Enhanced development capabilities via overseas bases

Strategic Goals

  • Achieve net sales over 20 billion yen
  • Nationwide expansion of monthly parking subleasing business
  • Multiply public adoptions of Smart Space Reservation service
  • Advance ESG management and enhance social evaluation
  • Gradual expansion into overseas markets

Business Segments

Parking Lot Management Business

Overview
Business segment handling management and efficient operations of idle parking lots.
Competitiveness
High matching rate leveraging IT technology
Customers
  • Real estate owners
  • Condominium management associations
  • Corporate enterprises
  • Local governments
Products
  • Sublease contracts
  • Parking lot operation management system
  • Leaseback services

Rental Space Reservation Business

Overview
Provision of IT solutions for efficient reservation management of various spaces.
Competitiveness
Extensive track record of adoption by local public entities
Customers
  • Public entities
  • Airport operators
  • Event organizers
Products
  • Smart Space Reservation System
  • Reservation management support
  • API integration services

Outdoor Advertising Operations Business

Overview
Expansion of advertising business utilizing real estate assets.
Competitiveness
Strength in integrating real estate and advertising
Customers
  • Advertising agencies
  • Real estate management companies
  • Commercial facility operators
Products
  • Outdoor advertising space provision
  • Advertising operation support
  • Digital signage

Competitive Advantage

Strengths

  • Proprietary IT platforms
  • Specialized expertise in idle asset utilization
  • Diverse branch network
  • Strong customer base and recurring revenue
  • High security standards including ISO27001
  • Trusted relationships with local governments
  • Business expansion via diverse subsidiaries
  • Multi-faceted proptech operations
  • Listed on Tokyo Stock Exchange Growth
  • Foothold for overseas expansion including Vietnam

Competitive Advantages

  • Efficient monthly parking operations powered by IT
  • Proven adoption of reservation systems by local governments
  • Scale of comprehensive proptech services
  • Stable revenue model in subleasing business
  • Diverse product portfolio for idle land utilization
  • Reliability from headquarters in Shinjuku Minds Tower
  • Aggressive diversification through subsidiary establishments
  • Information protection via ISO/IEC27001 certification
  • Sales and service bases across multiple regions
  • Flexible service design to meet customer needs

Threats

  • Intensifying price competition from rivals
  • Risks from real estate market fluctuations
  • Operational constraints from regulatory tightening
  • Need for IT security risk countermeasures
  • Risks from policy changes by local governments
  • Decline in competitiveness from delayed new tech adoption
  • Risk management challenges for overseas bases
  • Impact of infectious diseases like COVID-19
  • Risk of reduced idle assets from economic downturn
  • Uncertainty in investment funding

Innovations

2023: Advanced Parking Lot Operation Support System

Overview
Released system with added AI vacant space prediction and optimal pricing functions.
Impact
Achieved both customer satisfaction and occupancy rate improvements.

2024: Expanded Adoption of Smart Space Reservation by Public Entities

Overview
Enhanced management functions customized for local governments and airports.
Impact
Contributed to increased demand from local public entities.

2022: Established Vietnam Subsidiary and Strengthened IT Development

Overview
Started software development and operational support at Vietnam base.
Impact
Achieved cost reductions and quality improvements.

2021: Expanded Online Advertising Business to Outdoor Advertising

Overview
Launched new service integrating IT technology and real estate advertising.
Impact
Successfully diversified revenue sources.

2020: Introduced IT Automation Tool for Sublease Contracts

Overview
Developed system enabling online completion of contract procedures.
Impact
Improved sales efficiency and customer convenience.

Sustainability

  • Strengthened information security through ISO27001 certification
  • Promoting effective land use via idle asset utilization
  • Regional revitalization support in collaboration with local governments
  • Diverse social and environmental contributions through subsidiaries
  • Promotion of energy-efficient IT infrastructure