In its international endeavors, Leopalace 21 employs young, dynamic human resources from the ASEAN region. We would like to develop this strength into a service that we can extend to our customers, while we also plan to expand beyond human resources and business process outsourcing.
Leopalace21 introduces real estate properties in the ASEAN region to Japanese customers, and real estate properties in Japan to overseas customers. We offer total support to customers, ranging from real estate acquisition transactions and lease management to real estate asset disposal. We offer finely tuned services using the extensive business network we have built thus far both in Japan and abroad and our wealth of experience.
The 30-year Master Lease System of Leopalace21 provides total apartment lease management support, from tenant recruitment to management and operation, freeing owners from burdensome tasks. Under this system, master-lease rents are made to owners regardless of whether or not there are vacancies.
Besides offering real estate acquisition support, Leopalace21 brunch offices in the ASEAN region take care of complicated leasing business procedures such as tenant recruitment, lease management, and building maintenance and repair for customers.
Technical interns learn about and train for skills used in Japanese industry and business, while employed, for a period of up to three years.
In conjunction with work placement organizations in Vietnam, Leopalace 21 facilitates assignment to collaborating contractors where interns receive technical training. At these work placement organizations with which we are partnered, training is structured so that participants study Japanese and learn technical basics using materials to be used in actual construction of apartments, undergoing a practical education that prepares them to quickly master skills once in Japan. Since most interns are experiencing life abroad for the first time, Leopalace 21 naturally provides them with support for daily life. In Japan's rapidly aging society, such facilities are expected to face a shortage of workers. With this in mind, Leopalace 21 has turned its attention to bright young men and women in the Philippines in order to help give facility residents and their families greater peace of mind.
Leopalace 21's perspective rendering (completion illustration) work is currently performed by a local subsidiary in Hanoi, Vietnam, and building schematics are created at another subsidiary in Phnom Penh, Cambodia. In both countries we have been pouring their efforts into training IT engineers, endowing young workers with important skills, absorbed through fast-paced learning. Their skill is evident in their work and their attention to detail matches made-in-Japan quality. Though these workers currently only provide documents for Leopalace 21's own buildings, in the future we expect to have them accept orders from corporate customers in Japan and abroad, as one of the pillars of our international business.