April: Start of student dormitory business in Fukuoka area
August: Start of employee dormitory business in Sendai area
1991
Bubble economy collapses
◎Trendy Higashi Ojima (Training Center)
◎Trendy Kuwarubi (Training Center)
June: Headquarters moved to Sotokanda, Chiyoda-ku, Tokyo; in addition, the Nagoya Sales Branch, Sapporo Sales Branch, Sendai Sales Branch and Fukuoka Branch set up.
July: Resort hotel business in Nagano Prefecture launched
August: Business hotel business in Saitama Prefecture launched
Resort hotel
Kyoritsu Maintenance has taken the first step in providing food, hot springs and accommodations, starting with stays of one night, with the aim of utilizing facilities and thus preventing environmental destruction.
◎Dormy Villa Karuizawa (Nagano Prefecture)
First Dormy Inn business hotel
We created Dormy Inn to meet the requests of companies who use the Dormy employee dormitories and asked if employees could use them on business trips, starting with stays of one night. We introduced the innovative idea of incorporating large common baths in business hotels to utilize the Dormy concept.
◎Dormy Inn Yatsuka (Saitama Prefecture)
September: Registered over-the-counter stocks with the Japan Securities Dealers Association
1994
Employees in tertiary industries exceed 60%
Percentage of elderly
making up population
reaches 14.5%
◎81 Gakusei Kaikan student dormitories and 99 employee dormitories (total of 180)
◎La Vista Izusan (formerly Dormy Villa Izusan) (Shizuoka Prefecture)
◎Dormy Villa Appi Kogen (Iwate Prefecture)
◎Dormy Inn Chiba City Soga (formerly Dormy Inn Soga) (Chiba Prefecture)
December: Launch of senior life business in Tokyo area
1996
Introduction of
financial big bang
Launch of senior business
Kyoritsu Maintenance's business began with students and then expanded to assisting with employee dorms and providing relaxation to people on business trips and holidays. Retaining our focus on food and residences, we aim to help the elderly and their families with our senior business as the population ages.
◎Dormy Inn EXPRESS Meguro Aobadai (formerly Dormy Inn Meguro-Aobadai) (Tokyo)
◎Dormy Shirokita Park private residences for the elderly (Tokyo)
October: Establishment of Kyoritsu Trust
1997
Consumption tax rate
set at 5%
◎Wellness Mori Ito (Shizuoka Prefecture)
◎Dormy Inn Global Cabin Asakusa (formerly Dormy Inn Asakusa) (Tokyo)
◎Dormy Inn Sendai (Miyagi Prefecture)
◎Dormy Kita Ayase, a private home with nursing care for elderly people (Tokyo)
June: Establishment of Kyoritsu Catering Service
1998
Financial crisis begins
◎Dormy Sagamihara (Kanagawa Prefecture), private residences for the elderly
◎256 Gakusei Kaikan student dormitories and employee dormitories
March: Listed on the second section of the Tokyo Stock Exchange
April: Establishment of Kyoritsu Communication
September: Establishment of Kyoritsu Livenet
December: Establishment of Japan Placement Center
(Kyoritsu Maintenance acquired shares in G-Up Career Center)
1999
Labor Standards Act revised
(Abolishment of regulations
on working hours for
women)
◎Dormy Inn Shin-Osaka (Osaka)
◎Dormy Inn Nanba (Osaka)
June: Establishment of Kyoritsu Financial Service
2000
Introduction of long-term
care insurance
◎Dormy Villa Hakone (Kanagawa Prefecture)
◎Dormy Inn Niigata (Niigata Prefecture)
◎Dormy Inn Nagoya (Aichi Prefecture)
March: 100% of shares in Nissan Builnet
(Currently “Builnet”) acquired
September: Listed on the first section of the Tokyo Stock Exchange
2001
IT era begins in earnest
◎Wellness Mori Nasu (Tochigi Prefecture)
◎Dormy Inn Hiroshima (Hiroshima Prefecture)
◎274 Gakusei Kaikan student dormitories, employee dormitories and Domeal