Profile of Leopalace21

Corporate History

  • 1973 Aug. Started business as Miyama Inc., a real estate brokerage
  • 1976 Aug. Increased capital to 12 million yen
  • 1978 Mar. Increased capital to 40 million yen
  • 1979 Apr. Increased capital to 100 million yen
  • 1984 Dec. Increased capital to 120 million yen
  • 1985 Apr. Increased capital to 132 million yen
        Introduced Leopalace21 urban-style, one-room rental apartment buildings
  • 1986 Mar. Increased capital to 452 million yen
  • 1987 Mar. Increased capital to 760 million yen
      Apr. Changed leasing center's name to “Leopalace Center”
      Sep. Capital increased to 2.74 billion yen
  • 1987 Mar. Increased capital to 760 million yen
      Apr. Changed leasing center's name to “Leopalace Center”
      Sep. Capital increased to 2.74 billion yen
  • 1988 Jan. Introduced a unique membership-based rental system for our tenants
        Established Miyama Guam, Inc. (current name: MDI Guam Corporation)
  • 1989 Feb. Increased capital to 4.42 billion yen
        Listed on over-the-counter market (JASDAQ)
      Oct. Changed company name to “MDI Corporation”
      Nov. Opened Hotel Leopalace Nagoya
  • 1990 Apr. Increased capital to 22.48 billion yen
      May Osaka branch relocated to new premises
      Jun. Acquired capital in the Trianon Palace Hotel
  • 1991 Mar. Head office relocated to new premises (present location)
  • 1993 Jul. Opened Leopalace Resort Manenggon Hills, Guam
  • 1997 Feb. Opened The Westin Resort Guam
  • 1998 Mar. Number of managed properties increased to 100,000
      Oct. Started “Leopalace Mileage Service” in tie-ups with JAL and JAL CARD
        Leopalace21 Villa Colona won the 1998 Good Design Award
  • 1999 Apr. Opened Leopalace World Shinjuku
      Oct. Opened Leopalace World Osaka
        Launched the Monthly Leopalace short-term rental service
      Dec. Opened Leopalace World Fukuoka
  • 2000 Feb. Increased capital to 30.52 billion yen through a third-party allotment of new shares
      Jul. Changed company name to “Leopalace 21 Corporation”
  • 2001 Mar. Number of managed properties increased to 150,000
      May Launched “Revolving Monthly Leopalace”
      Jun. Launched Leopalace REIT, a real estate securitization product
      Jul. Redesigned our website, providing real-time search and payment of housing unit
      Nov. Established a women's softball team
  • 2002 Feb. Launched Monthly Leopalace Flat Service
      Apr. Opened Leopalace World Nagoya
        Opened Leopalace Center Seoul
      Sep. Opened Hotel Leopalace Niigata
      Oct. Number of managed properties increased to 200,000
      Dec. Increased capital to 37.24 billion yen following public offering of new shares
  • 2003 Jan. Increased capital to 37.57 billion yen following third-party allotment (over allotment) of new shares
      Feb. Opened Hotel Leopalace Yokkaichi
      Apr. Opened Hotel Leopalace Sendai
      Aug. Opened Hotel Leopalace Asahikawa
      Sep. Opened Hotel Leopalace Okayama
      Nov. Opened Leopalace Resort Hotel Belvedere
  • 2004 Jan. Number of managed properties increased to 250,000
      Mar. Listed on 1st Section of Tokyo Stock Exchange
      Sep. Increased capital to 55.64 billion yen by public offering
  • 2005 Jan. Established Residential Business Division and Silver Business Division
      Mar. Number of managed properties increased to 300,000
      Nov. Opened group home “Azumi-en Namikicho,” the first care facility of our Silver Business Division
      Dec. Opened “The Leopalace Spa”
  • 2006 Apr. Number of managed properties increased to 350,000
  • 2007 Apr. Opened Hotel Leopalace Hakata
      Jun. Number of managed properties increased to 400,000
  • 2008 Apr. Number of managed properties increased to 450,000
  • 2009 Jan. Launched new brand “LEO NEXT”
      Apr. Number of managed properties increased to 500,000
  • 2010 Mar. Number of managed properties increased to 550,000
      Dec. Increased capital to 56.56 billion yen following third-party allotment of new shares