News Archive : Japan Real Estate

Monday, November 14, 2005

IBM Japan To Shift Headquarters From Roppongi To Hakozaki Office

IBM Japan To Shift Headquarters From Roppongi To Hakozaki Office
2005/11/12, 02:45, Nikkei English News, 212 words Print image display

TOKYO (Nikkei)--IBM Japan Ltd. will move its headquarter functions from Tokyo's Roppongi district to its Hakozaki sales base about three years from now.
Last month, IBM Japan sold its Roppongi headquarters building and land to Sumitomo Realty & Development Co. (8830) in a deal valued at 42 billion yen. About 1,300 of the employees based at the Roppongi headquarters will be reassigned to the Hakozaki location, also in Tokyo, as well as its Toyosu office in Tokyo and Makuhari site in Chiba Prefecture.
About 8,000 employees currently work at Hakozaki.
IBM Japan will continue to use the Roppongi building for three years through a lease with Sumitomo Realty.
As part of an effort to improve efficiency and productivity, IBM Japan adopted an arrangement at Hakozaki in September 2004 that eliminated assigned seats for most employees. The company aims to encourage employees to do all of their work on a personal computer, thereby cutting down on the use of paper. And rather than fixed-line phones, it is promoting the use of PHS (personal handyphone system) handsets to conduct daily communications.
IBM Japan set up its Roppongi headquarters in 1971. But due to its older design, the firm determined that the location no longer suits its needs.
(The Nihon Keizai Shimbun Saturday morning edition)