#2 of the images TKP Rental Conference Rooms Achieves V-shaped Recovery after 2.5 Billion Loss after the Pandemic | FRIDAY DIGITAL

Mr. Kono was born in Oita Prefecture. When he was in high school, he won a speech contest.The site of the former Defense Agency in Roppongi, Tokyo (now Tokyo Midtown), provided the impetus for the creation of TKP. The building near the site was scheduled to be demolished, but only the Italian restaurant on the first floor remained open; the second and third floors were unused. “The second and third floors were unoccupied. It would have been a waste of electricity until the building was demolished. So we asked the building owner if we could rent the second and third floors until the restaurant vacated the building. The owner was overjoyed because he could rent the unused space. We were able to rent the space for about one-third the market price and under very favorable terms, with no security deposit or eviction fee.”   Kawano turned the second floor into a rental conference room and rented out the third floor as temporary offices for a construction company. Since the bursting of the bubble economy, companies tended not to have large meeting rooms, so the rental meeting room business expanded steadily. In 2007, TKP acquired the Japanese subsidiary of Regus, which operates rental offices around the world, and TKP has grown significantly. The company’s operating income was a record ¥6.3 billion in FY 02/08. However,

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TKP Rental Conference Rooms Achieves V-shaped Recovery after 2.5 Billion Loss after the Pandemic

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