Xymax Real Estate Institute

RESEARCH REPORTGreater Tokyo Company Survey on Work Styles
and the Workplace | December 2020
Capturing the ever-changing situation with data

January 27, 2021

Following the global outbreak of the novel coronavirus (COVID-19) in spring 2020, many companies and office
workers were forced to reconsider their work styles as the Japanese government recommended companies tointroduce off-peak commuting and telework. The restrictions of staying at home as much as possible andworking without physical contact with others seem to have almost forcibly promoted working from home andother forms of telework. This has stimulated discussions about the workplace, which had hitherto been carriedout in the context of work style reforms.
Since 2016, Xymax Real Estate Institute (hereinafter, “Xymax REI”) has conducted the nationwide Metropolitan
Areas Office Demand Survey on a semi-annual basis to visualize companies’ office demand.*1 To provide
information on a timely basis amid the changing situations due to the COVID-19 pandemic, in August 2020 it
also conducted a questionnaire survey of companies in Greater Tokyo about the current state, issues andstrategies of work styles under the corona crisis (hereinafter, the “August survey”) and published the results.*2
In this report we release the results of the 2nd questionnaire survey of companies in Greater Tokyo carriedout between December 9 and December 21, 2020 (hereinafter, the “December survey”). Note that the survey
does not include the impact of the declaration of a state of emergency on January 7 since it was conducted
before the declaration.
*1 Metropolitan Areas Office Demand Survey Autumn 2020, released December 2, 2020
https://www.xymax.co.jp/english/research/images/pdf/20201202.pdf*2 Greater Tokyo Company Survey on Work Styles and the Workplace | August 2020, released September 18,
2020
https://www.xymax.co.jp/english/research/images/pdf/20200918.pdf

Main Findings
1. Use of the officeMore than 70% of the companies have kept the percentage of employees coming to the office lower
than before the pandemic.

While the target percentage of employees coming to the office to work and the current actual
percentage were less than 50% among nearly 40% of the companies, more than 80% of thecompanies intended to increase the rate of employees coming to the office to more than 50% in
the future.



The most popular rule concerning employees coming to the office was “Recommend off-peak
commuting” (56.7%), followed by “Decide according to the work, such as the department or job
type” (51.8%) and “Each department decides its own rules” (45.5%).

2. Implementation of teleworkAround 90% of the companies have introduced a work-from-home policy. More than 40% of suchcompanies offer the policy to all employees.

Approximately 40% of the companies have introduced a satellite office.

Greater Tokyo Company Survey on Work Styles and the Workplace | December 2020
The contents of this report are as of the time of writing. Xymax Real Estate Institute does not guarantee their accuracy or completeness. This report may not be
reproduced, cited, transmitted, distributed, or reprinted without prior permission of Xymax Real Estate Institute.
Copyright © 2021 Xymax Real Estate Institute Corporation. All rights reserved.

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RESEARCH REPORT｜Xymax Real Estate Institute

3. Work styles and operation of the workplace

The most popular initiative was “Enforce thorough infection-control measures such as ventilationand disinfection” (68.9%). The initiatives that saw a decrease in percentage compared to the August
survey were “Recommend off-peak commuting” (72.2%→67.6%) and “Ensure social distancing in theoffice (distance between desks, limiting the number of users of meeting rooms, etc.)”(52.4%→45.0%).

The most common issue in operating the workplace was “Management is difficult in telework (work,attendance, evaluation, etc.)” (39.7%). On the other hand, the issues that saw a substantial decreasein percentage included “Limited paperless processes” (39.1%→32.8%) and “Limited availability ofelectronic means for authorization, etc. (custom of using seals)” (41.8%→31.4%).

4. Post-corona work styles
Companies that favored having their employees come to the office after the pandemic (46.9%)
significantly outweighed those that favored telework (23.4%).

In terms of office size, companies that wished to downsize (28.5%) substantially outnumbered thosethat wished to expand (5.4%).



As for future intentions toward the workplace, the most popular reply was “Use both the main officeand telework” (54.1%→55.0%), as was in the August survey.

Greater Tokyo Company Survey on Work Styles and the Workplace | December 2020
The contents of this report are as of the time of writing. Xymax Real Estate Institute does not guarantee their accuracy or completeness. This report may not be
reproduced, cited, transmitted, distributed, or reprinted without prior permission of Xymax Real Estate Institute.
Copyright © 2021 Xymax Real Estate Institute Corporation. All rights reserved.

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RESEARCH REPORT｜Xymax Real Estate Institute

1. Use of the Office
When we asked the percentage of employees currently coming to the office to work, more than 70% of thecompanies had kept the percentage lower than before the corona pandemic (sum of “Controlling the percentageof employees coming to the office to as close to zero as possible” (10.2%) and “Controlling the percentage of
employees coming to the office to a lower level than before the pandemic” (62.0%)) (Figure 1). On the other
hand, the percentage of “Not imposing any restrictions in particular” (19.2%) grew by 5.4 points, indicating arelaxing of restrictions on the percentage of employees coming to the office.
Figure 1: Controlling the Percentage of Employees Coming to the Office

We then asked the companies that replied in Figure 1 that they either controlled the percentage of employees
coming to the office to as close to zero as possible or to a lower level than before the pandemic about theirrules or target percentage of employees coming to the office (“target percentage”). We also asked all companies
the current percentage of employees coming to the office (“current percentage”) and the target percentage of
employees coming to the office after the pandemic has subsided (“future intention”). With “100%” defined as
all employees coming to the office, we grouped the replies into the following four groups: “0%,” “More than 0%,
less than 50%,” “50% or more, less than 100%” and “100%” (Figure 2). While nearly 40% of the companies
replied less than 50% as both the target percentage and the current percentage (sum of “0%” and “More than0%, less than 50%”), the most popular percentage in future intention was “50% or more, less than 100%” (62.0%),
indicating that, together with “100%” (21.2%), more than 80% of the companies intended to raise the percentage
to 50% or more after the pandemic.
Figure 2: Percentage of Employees Coming to the OfficeGreater Tokyo Company Survey on Work Styles and the Workplace | December 2020
The contents of this report are as of the time of writing. Xymax Real Estate Institute does not guarantee their accuracy or completeness. This report may not be
reproduced, cited, transmitted, distributed, or reprinted without prior permission of Xymax Real Estate Institute.
Copyright © 2021 Xymax Real Estate Institute Corporation. All rights reserved.

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RESEARCH REPORT｜Xymax Real Estate Institute
In terms of breakdown in increments of 10%, the target percentages that stood out were “30% or more, lessthan 40%” (15.5%) and “50% or more, less than 60%” (35.0%). However, there were differences between thecurrent percentage in all groups, which indicate that there are discrepancies between the target and the reality(Figure 3). In terms of future intentions, the most popular percentage was “50% or more, less than 60%” (25.8%),
which reveals that around a quarter of the companies intend to reduce the percentage of employees coming tothe office after the pandemic to a half of the percentage before the pandemic (Figure 4). On the other hand,some companies intended to have their employees return to the office completely (“100%” (21.2%)).
Figure 3: Histogram of Target Percentage and Current Percentage of Employees Coming to the Office

Figure 4: Histogram of Future Intention of Percentage of Employees Coming to the Office (n=411)

Greater Tokyo Company Survey on Work Styles and the Workplace | December 2020
The contents of this report are as of the time of writing. Xymax Real Estate Institute does not guarantee their accuracy or completeness. This report may not be
reproduced, cited, transmitted, distributed, or reprinted without prior permission of Xymax Real Estate Institute.
Copyright © 2021 Xymax Real Estate Institute Corporation. All rights reserved.

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RESEARCH REPORT｜Xymax Real Estate Institute
As for rules for coming to the office, although the most popular rule was “Recommend off-peak commuting”(56.7%), the percentage had dropped by nearly 10 points from the August survey (Figure 5). This was followedby “Decide according to the work, such as the department or job type” (51.8%) and “Each department decides
its own rules” (45.5%), indicating that many companies are flexible in their rules.
Figure 5: Rules on Employees Coming to the Office (Multiple Answer)

Under such circumstances, we asked companies the job type with a relatively high percentage of employees
coming to the office (less telework). “Administration, HR, accounting” was the top job type by a considerable
margin (56.7%), followed by “Clerical work, reception, secretary” (24.9%) and “Corporate management, planning”(21.9%) (Figure 6). There are differences in the percentage depending on the job type.
Figure 6: Job Types with a High Percentage of Employees Coming to the Office(Multiple Answer; n=365) *Excludes companies with 100% of employees coming to the officeGreater Tokyo Company Survey on Work Styles and the Workplace | December 2020
The contents of this report are as of the time of writing. Xymax Real Estate Institute does not guarantee their accuracy or completeness. This report may not be
reproduced, cited, transmitted, distributed, or reprinted without prior permission of Xymax Real Estate Institute.
Copyright © 2021 Xymax Real Estate Institute Corporation. All rights reserved.

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RESEARCH REPORT｜Xymax Real Estate Institute

2. Implementation of Telework
1. Working from home
As for companies’ work-from-home situation, nearly 90% of the companies continued a work-from-homepolicy to this day (sum of “Had introduced from before the pandemic” (11.7%), “Had introduced from before
the pandemic and enhanced/expanded in the wake of the pandemic” (31.4%) and “Introduced a policy following
the pandemic and continue to offer it (including suspended but resumed)” (44.3%)) (Figure 7). There was nolarge difference from the August survey, which suggests that working from home continues to be implemented.
When we asked companies that had introduced a work-from-home policy in the wake of the pandemic but haveabolished it (7.1%) why they did so, the reasons included “a drop in work efficiency,” “a decline in productivity”
and “difficulty in work management.”
Figure 7: Situation of Work-From-Home Policy

We asked companies that introduced a work-from-home policy the percentages of employees eligible for thepolicy and those actually using the policy, and grouped the replies into “100%,” “50% or more, less than 100%,”“More than 0%, less than50%” and “0%” (Figure 8). As for the percentage of eligible employees, more than 40%of the companies replied “100%” (43.5%). Together with “50% or more, less than 100%” (40.7%), as much as 80%
of all companies allowed 50% of their employees or more to work from home. As for users of the policy, nearly
70% of the companies replied that 50% of their employees or more used the policy (sum of “100%” (21.4%) and“50% or more, less than 100%” (46.2%)), indicating that not only is a policy in place but is actually used.
Figure 8: Percentages of Employees Eligible for and Using Work-From-Home Policy

Greater Tokyo Company Survey on Work Styles and the Workplace | December 2020
The contents of this report are as of the time of writing. Xymax Real Estate Institute does not guarantee their accuracy or completeness. This report may not be
reproduced, cited, transmitted, distributed, or reprinted without prior permission of Xymax Real Estate Institute.
Copyright © 2021 Xymax Real Estate Institute Corporation. All rights reserved.

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RESEARCH REPORT｜Xymax Real Estate InstituteIn increments of 10%, “100%” was the top reply for both eligible and user employees (Figure 9).
Figure 9: Percentages of Employees Eligible for and Using Work-From-Home Policy (Histogram)

2. Satellite office
As for satellite offices,*3 around 40% of all companies had introduced such offices (sum of “Had introduced
from before the pandemic” (22.9%), “Had introduced from before the pandemic and enhanced/expanded themin the wake of the pandemic” (6.6%) and “Introduced following the pandemic and continue to offer them (incl.
suspended but resumed)” (12.2%)) (Figure 10).
*3 Satellite office: A collective term for workplaces established for telework, apart from the main office or the home.
There are those that are provided by specialized service operators and those that are provided by the company.

Figure 10: Introduction of a Satellite OfficeGreater Tokyo Company Survey on Work Styles and the Workplace | December 2020
The contents of this report are as of the time of writing. Xymax Real Estate Institute does not guarantee their accuracy or completeness. This report may not be
reproduced, cited, transmitted, distributed, or reprinted without prior permission of Xymax Real Estate Institute.
Copyright © 2021 Xymax Real Estate Institute Corporation. All rights reserved.

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RESEARCH REPORT｜Xymax Real Estate Institute
Figure 11 shows the percentages of employees at companies that have introduced a satellite office who are
eligible for using the satellite office and those who are actually using it. Around half of the companies repliedthat 50% of their employees or more were eligible for using the satellite office (sum of “100%” (28.7%) and“More than 50%, less than 100%” (25.1%)). Meanwhile, only 8.7% of the companies replied that 50% of theiremployees or more used a satellite office (sum of “100%” (23%) and “More than 50%, less than 100%” (6.4%)),
which indicate a gap between the percentage of eligible employees. The reasons for this might be that, sincesatellite offices are often provided as one of several workplace options, the number of desks is fewer than thenumber of eligible employees or that more employees choose to work from home during the COVID-19
pandemic instead of from a satellite office where they would come into contact with many people.
Figure 11: Percentages of Employees Eligible for and Using a Satellite Office

In increments of 10%, “100%” was the top reply for eligible users (28.7%), while “More than 0%, less than 10%”
was the most popular percentage for the actual users (42.7%) (Figure 12).
Figure 12: Percentages of Employees Eligible for and Using a Satellite Office (Histogram)

Greater Tokyo Company Survey on Work Styles and the Workplace | December 2020
The contents of this report are as of the time of writing. Xymax Real Estate Institute does not guarantee their accuracy or completeness. This report may not be
reproduced, cited, transmitted, distributed, or reprinted without prior permission of Xymax Real Estate Institute.
Copyright © 2021 Xymax Real Estate Institute Corporation. All rights reserved.

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RESEARCH REPORT｜Xymax Real Estate Institute

3. Work Styles and Operation of the Workplace
As for companies’ initiatives concerning their employees’ current work styles and the workplace, the mostpopular initiative was “Enforce thorough infection-control measures such as ventilation and disinfection” (68.9%),
followed by “Recommend off-peak commuting” (67.6%) and “Enhance internet network and provision of IT
devices assuming telework” (55.7%) (Figure 13).
While the percentage of “Recommend off-peak commuting” (67.6%) and “Ensure social distancing in the office(distance between desks, limiting number of users of meeting rooms, etc.)” (45.0%) decreased from the August
survey, the percentage of initiatives related to company systems such as “Abolish or change rules of commuting
allowance” (42.3%) and “Subsidize work-from-home costs (utility costs, purchase of supplies, etc.) or provide
allowance” (33.3%) had increased.
Figure 13: Initiatives in Work Styles and the Workplace (Multiple Answer)

Greater Tokyo Company Survey on Work Styles and the Workplace | December 2020
The contents of this report are as of the time of writing. Xymax Real Estate Institute does not guarantee their accuracy or completeness. This report may not be
reproduced, cited, transmitted, distributed, or reprinted without prior permission of Xymax Real Estate Institute.
Copyright © 2021 Xymax Real Estate Institute Corporation. All rights reserved.

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RESEARCH REPORT｜Xymax Real Estate InstituteFurthermore, we asked companies that replied in Figure 13 that they were either considering expanding theoffice space (increase in floor space, relocation, opening sub-office, etc.) (4.1%) or considering downsizing theoffice space (decrease in floor space, relocation, cancelling sub-office, etc.) (21.4%) about their reason andpurpose (Figure 14, 15). The top reason or purpose for considering expanding was “To ensure social distancing”(70.6%), followed by “Lack of meeting rooms” (47.1%) and “In response to headcount increase” (29.4%). The top
reason or purpose for considering downsizing was “Less space required due to telework” (89.8%), which waschosen by around 90% of all companies. This was followed by “To reduce office costs” (71.6%) and “To review
office layout (improve office space efficiency)” (50.0%).
Figure 14: Reason or Purpose for Expanding Office Space (Multiple Answer)

Figure 15: Reason or Purpose for Downsizing Office Space (Multiple Answer)

Greater Tokyo Company Survey on Work Styles and the Workplace | December 2020
The contents of this report are as of the time of writing. Xymax Real Estate Institute does not guarantee their accuracy or completeness. This report may not be
reproduced, cited, transmitted, distributed, or reprinted without prior permission of Xymax Real Estate Institute.
Copyright © 2021 Xymax Real Estate Institute Corporation. All rights reserved.

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RESEARCH REPORT｜Xymax Real Estate Institute
Figure 16 shows companies’ issues and problems in workplace operation. The top issue was “Management isdifficult in telework (work, attendance, evaluation, etc.)” (39.7%), followed by “Drop in employees' productivity& work efficiency during telework” (34.3%) and “Inequality between those who can and cannot telework due to
job type, etc.” (33.3%). “Limited paperless processes” (32.8%) and “Limited availability of electronic means for
authorization, etc. (custom of using seals)” (31.4%), which ranked higher in the previous survey, both saw asignificant drop in the percentage.
Figure 16: Issues and Problems in Operating the Workplace (Multiple Answer)

Greater Tokyo Company Survey on Work Styles and the Workplace | December 2020
The contents of this report are as of the time of writing. Xymax Real Estate Institute does not guarantee their accuracy or completeness. This report may not be
reproduced, cited, transmitted, distributed, or reprinted without prior permission of Xymax Real Estate Institute.
Copyright © 2021 Xymax Real Estate Institute Corporation. All rights reserved.

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RESEARCH REPORT｜Xymax Real Estate Institute

4. Post-Corona Work Styles
We asked the companies which work style—coming to the office or telework—they will place emphasis on
after the pandemic has subsided. Companies that will place emphasis on coming to the office (46.9%: sum of“Place emphasis on coming to the office” and “Somewhat place emphasis on coming to the office”) significantly
outnumbered companies that will place emphasis on telework 23.4%: sum of “Place emphasis on telework” and“Somewhat place emphasis on telework”) (Figure 17). Compared to the August survey, companies that willplace emphasis on coming to the office increased by 7.8 percentage points, while those that will place emphasison telework decreased by 9.6 points.
Figure 17: Degree of Emphasis on Coming to the Office or Telework after the Pandemic

As for companies’ intentions on post-corona office sizes, companies that wished to downsize (28.5%)
significantly outweighed those that wished to expand (5.4%) (Figure 18).
Figure 18: Intentions on Post-Corona Office Size

Greater Tokyo Company Survey on Work Styles and the Workplace | December 2020
The contents of this report are as of the time of writing. Xymax Real Estate Institute does not guarantee their accuracy or completeness. This report may not be
reproduced, cited, transmitted, distributed, or reprinted without prior permission of Xymax Real Estate Institute.
Copyright © 2021 Xymax Real Estate Institute Corporation. All rights reserved.

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RESEARCH REPORT｜Xymax Real Estate Institute
Lastly, we asked the companies about their intentions toward work styles and the workplace for after the
pandemic (Figure 19). The top reply was “Use both the main office and telework” (55.0%), followed by “Promote
working from home and reduce the number of employees coming to the office” (27.7%) and “Redesign theoffice to a flexible layout (hot desking, etc.)” (25.5%). While “Promote working from home and reduce thenumber of employees coming to the office” (27.7%) and “Change the system to increase those eligible for andthe frequency of telework” (8.0%) decreased from the August survey, “Come to the office as a rule and limit
telework to emergency use” (21.4%) has increased, which indicate that more companies intend to return to awork style where employees come to the office to work after the pandemic.
Figure 19: Intentions toward Post-Corona Work Styles and the Workplace (Multiple Answer)

Greater Tokyo Company Survey on Work Styles and the Workplace | December 2020
The contents of this report are as of the time of writing. Xymax Real Estate Institute does not guarantee their accuracy or completeness. This report may not be
reproduced, cited, transmitted, distributed, or reprinted without prior permission of Xymax Real Estate Institute.
Copyright © 2021 Xymax Real Estate Institute Corporation. All rights reserved.

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RESEARCH REPORT｜Xymax Real Estate Institute

5. Conclusion
Since spring 2020, companies have been taking various measures to prevent the spread of the COVID-19,
such as restricting employees from coming to the office and introducing telework or off-peak commuting. This
has resulted in an acceleration of work style reforms, which had been a gradual process.
Following on from the August survey, this survey revealed companies’ work styles and issues under the corona
crisis and their intentions for after the pandemic, as of December 2020. Compared to the August survey, theDecember survey showed signs of companies intending to return to their previous work styles, as the percentageof employees coming to the office increased as did the percentage of companies that replied they would place
more emphasis on coming to the office after the pandemic. We estimate that not a few companies will reassess
the value of a place for congregating as they experience telework and consider their employees’ work styles andthe operation of their workplace going forward, in view of the advantages and disadvantages of telework basedon their experience. On the other hand, the rate of introduction of a work-from-home policy or a satellite office
did not see a significant difference from the August survey, which indicates that a majority of the companies still
intend to “use both the main office and telework” in the future.
Furthermore, the second declaration of a state of emergency for Tokyo and its three surrounding prefectures
on January 7, 2021 and the government’s request for companies to reduce the percentage of employees coming
to the office by 70% may lead to a further acceleration of the introduction of telework. However, as the situation
is rapidly changing, we must continue to keep a close eye on how work styles and the workplace will change
going forward.
Xymax REI intends to continue publishing survey results that are beneficial to the market.

Greater Tokyo Company Survey on Work Styles and the Workplace | December 2020
The contents of this report are as of the time of writing. Xymax Real Estate Institute does not guarantee their accuracy or completeness. This report may not be
reproduced, cited, transmitted, distributed, or reprinted without prior permission of Xymax Real Estate Institute.
Copyright © 2021 Xymax Real Estate Institute Corporation. All rights reserved.

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RESEARCH REPORT｜Xymax Real Estate Institute
Survey Overview
SurveyperiodDecember 9 – 21, 2020

Targetrespondents

41,758 companies in total that include:・Client companies of XYMAX INFONISTA Corporation
・ZXY member companies

No. of valid
responses

411 companies; response rate: 1.0%

Geographicalcoverage

Greater Tokyo (Tokyo, Kanagawa, Saitama and Chiba Prefectures)

SurveymethodBy email

Status of office use
・ Existence of restrictions on employees from coming to the office・ Percentage of employees coming to the office (current target, reality, future intention)
・ Rules for coming to the office, job types that require employees to come to the office
Status of use of telework
・ Status of work-from-home・ Employees eligible for the work-from-home policy and actual users of the policy
・ Status of satellite offices
・ Employees eligible for and actual users of satellite offices
・ Specific operation rules
Topicscovered in
the survey

Work styles and the operation of the workplace
・ Current initiatives
・ Reason and purpose of expanding or downsizing the office・ Issues and problems in workplace operation
Post-corona work styles
・ Degree of emphasis on coming to the office and telework
・ Intentions toward office size・ Intentions toward work styles and the workplace
The current office・ Location, office area under lease contract, number of users
Company attribute・ Sector, number of employees

Greater Tokyo Company Survey on Work Styles and the Workplace | December 2020
The contents of this report are as of the time of writing. Xymax Real Estate Institute does not guarantee their accuracy or completeness. This report may not be
reproduced, cited, transmitted, distributed, or reprinted without prior permission of Xymax Real Estate Institute.
Copyright © 2021 Xymax Real Estate Institute Corporation. All rights reserved.

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RESEARCH REPORT｜Xymax Real Estate InstituteAttribute of Respondent Companies (Upper row: percentage of total; Lower row: number of companies)[Sector]Electricity, gas,
Construction

Manufactur-ing heat, watersupplyTelecommu-

Transporta-tion Wholesale &Finance &Real estate &nications& postal service retailinsurancelease of goods

8.5%

20.4%

0.7%

14.1%

2.2%

10.2%

4.6%

6.8%

35

84

3

58

9

42

19

28

Academic research, Daily life

Education &professional orservices &learning

technical service

entertainment

support

Medical &Service

Multi-service

welfareCivil service

Unclassifiable(those not classified (excl. those classified

business

as other sectors)

as other sectors)

industries

4.9%

0.5%

0.5%

0.7%

1.9%

19.2%

1.0%

3.6%

20

2

2

3

8

79

4

15

[Number of employees]
Less than 100

100–999

1,000 or more Unknown

38.0%

31.1%

26.3%

4.6%

156

128

108

19

[Location of office]Tokyo

Kanagawa

Chiba

SaitamaPrefecture

Prefecture

Prefecture

89.5%

6.6%

2.9%

1.0%

368

27

12

4

[Office area under lease contract in tsubo (1 tsubo = 3.3 sqm)]
Less than 30
tsubo

30 or more

50 or more

and less thanand less than

50

100

100 or more and 200 tsubo or
moreless than 200

No answer

7.8%

6.8%

13.6%

12.2%

35.8%

23.8%

32

28

56

50

147

98

The percentage mix in the charts contained in this report is rounded to the first decimal place and therefore may not add up to 100%.

For further inquiries please contact
Xymax Real Estate Institutehttps://soken.xymax.co.jp | E-MAIL: info-rei@xymax.co.jp

Greater Tokyo Company Survey on Work Styles and the Workplace | December 2020
The contents of this report are as of the time of writing. Xymax Real Estate Institute does not guarantee their accuracy or completeness. This report may not be
reproduced, cited, transmitted, distributed, or reprinted without prior permission of Xymax Real Estate Institute.
Copyright © 2021 Xymax Real Estate Institute Corporation. All rights reserved.

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