This business operates new facilities supporting innovation creation by offering out-of-the-ordinary spaces to companies and, in doing so, realizes regional revitalization. Coined in the West, “Workation” is a portmanteau of the words “work” and “vacation.” In Japan, however, which has a different working culture, we define it more broadly, for example, as a place for realizing diverse workstyles, examples of which include changing location, fostering communication, and creating innovation. In July 2020, we opened WORK x ation site Karuizawa, our second Workation facility, and launched a Workation portal website, which features comprehensive information on facility reservations and local authorities that are concentrating their energy on Workations.

We are marketing the Telecube, a product that meets the needs of workers by allowing them to work anytime and anywhere. In doing so, we are offering a private space necessary for managing information and preventing the spread of infection. This business was launched through open innovation between V-Cube, Inc., Okamura Corporation, and Mitsubishi Estate, three companies with differing strengths. By using the Marunouchi area—a strength of which is its dense concentration of companies—as a hub to expand this business, we will contribute to maximizing the Group’s competitive advantages.