Announced details
Fashion, clothing circularity, resource-circulating business models, the circular economy, decarbonization and waste reduction
19% reduction in CO2 emissions (estimate from a Ministry of the Environment demonstration project)
27% reduction in waste generation (estimate from a Ministry of the Environment demonstration project)
Selected recipient and implementing entity under the Tokyo Metropolitan Government’s subsidy program. No capital or personnel relationship is stated.
The Tokyo Metropolitan Government, a local government that operates subsidy programs supporting the implementation of the circular economy in society.
Selection for the Tokyo Metropolitan Government’s Circular Economy Promotion Subsidy Program
Tokyo Metropolitan Government
5F, KD Minami-Aoyama Building, 3-1-31 Minami-Aoyama, Minato-ku, Tokyo
In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.
Ministry of the Environment, Summary of the FY2024 Survey on Measures to Promote Circular Fashion (Material Flow)
Ministry of the Environment, Report on the FY2022 Demonstration and Verification Project for Promoting the Development of Decarbonized 2R Businesses Using Digital Technologies
| Item | Details |
|---|---|
| Names of Products / Services Covered | Fashion rental business, Men’s fashion rental business, airCloset, airCloset Mall, airCloset Spot Rental, airCloset Salon |
| Counterparty | Tokyo Metropolitan Government |
| Counterparty overview | The Tokyo Metropolitan Government, a local government that operates subsidy programs supporting the implementation of the circular economy in society. |
| Relationship with the Company | Selected recipient and implementing entity under the Tokyo Metropolitan Government’s subsidy program. No capital or personnel relationship is stated. |
| Launch date | Scheduled to launch in spring 2026 (men’s fashion rental business) |
| Applicable area | Fashion, clothing circularity, resource-circulating business models, the circular economy, decarbonization and waste reduction |
| Award/certification name | Selection for the Tokyo Metropolitan Government’s Circular Economy Promotion Subsidy Program |
| Awarding / certifying body | Tokyo Metropolitan Government |
| Location | 5F, KD Minami-Aoyama Building, 3-1-31 Minami-Aoyama, Minato-ku, Tokyo |
| Quantitative Effects | 19% reduction in CO2 emissions (estimate from a Ministry of the Environment demonstration project), 27% reduction in waste generation (estimate from a Ministry of the Environment demonstration project) |
| Source | Ministry of the Environment, Summary of the FY2024 Survey on Measures to Promote Circular Fashion (Material Flow), Ministry of the Environment, Report on the FY2022 Demonstration and Verification Project for Promoting the Development of Decarbonized 2R Businesses Using Digital Technologies |
Items this document does not state (7)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The Company explains that it was selected because its clothing circularity model, which integrates garment cleaning, maintenance, inventory management, shipping and returns, and also resells and recycles garments after rental, was recognized as an initiative related to a resource-circulating business model.