Roland Corporation is a Japanese manufacturer of electronic musical instruments, electronic equipment and software. It was founded by Ikutaro Kakehashi in Osaka on April 18, 1972, with ¥33 million in capital. In 2005 Roland's headquarters relocated to Hamamatsu in Shizuoka Prefecture. Today it has factories in Japan, the United States, Italy, and Taiwan. As of March 31, 2005, it employed 2,233 employees. a rise of over 200% from 729 employees in 2003. It has existed in different forms since 1960, making it one of the oldest still-operating manufacturers of musical electronics, and has survived changes in technology to become one of the most noteworthy and widely-used brands in electronic music and production today.