Timeline

XYMAX Timeline

Socio-Economic Changes in Japan

Initial Phase
1980
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The burst of economic bubble

1982
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Recruit Co., Ltd. establishes building operation department

1990
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Building operation department spin off into Recruit Building Management Corporation (RBM)

Accumulates knowledge on property management of office buildings.

1990
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Economic bubble collapses

Banks started to have debt problems. Foreign investors start real estate investment in Japan.

 
Development
Phase
2000
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RBM demerges from Recruit through management buyout, changes name to XYMAX Corporation

XYMAX expands to retail property management, integrated property and building management service, and providing property management services to life insurers, general business entities and individual property owners.

2000
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Securitization of real estate market expands

2001
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The height of commercial complex developments

2005
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Range of real estate leasing expands

Apart from office, services are offered to commercial, logistics, hotels, nursing homes, among others.

 
Expansion
Phase
2010
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Initiates business expansions mainly to Asian countries

Acquires knowledge on asset management, forms Corporate Real Estate (CRE) strategies, and makes services available to a wider area.

Opens first overseas branch in Singapore. (Moved to Thailand on June 2018)

Establishes Korean-based subsidiary, K-MAX Co., Ltd.

2013
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Announces the 2020 Summer Olympics is to be held in Tokyo

Japan relaxes visa requirements for tourists coming from East and Southeast Asia.

Massive shortage of hotel rooms in major cities.

2015
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Starts ZXY, a satellite office business, designed for office workers and working mothers enabling them to work remotely

2016
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Launches the hotel brand, karaksa hotel, targeting foreign travelers

2017
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Establishes media company, Karaksa Media Partner Corporation (KMP)

KMP partners with media companies in Indonesia and Philippines.

2018
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Opens Bangkok, Thailand branch

2020
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The Japanese government introduces and promotes various work reforms

Due to the declining birth rate and aging population that lead to labor shortage.

Women and elderlies are encouraged to work while improving working conditions and locations for them.

 
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