Sharely, a comprehensive support service for virtual shareholders' meetings operated by Coincheck Corporation, has been transferred to a newly established company through a corporate separation (incorporation-type company separation), and the shares of the newly established company have been transferred to Excite Holdings, Inc.
Sharely" transferred to Excite Holdings
Sharely公式サイトCoincheck Inc. has been supporting the operation of virtual shareholder meetings for listed companies since the launch of its Sharely business in anticipation of the introduction of the Virtual Shareholder Meeting Law in 2020. With the strength of its easy-to-understand and intuitive UI/UX design, developed through the "Coincheck" crypto asset trading service, and the speed of functional improvement through in-house development, the number of virtual shareholder meetings supported has increased, and in 2022 and 2023, Coincheck will achieve the top share in the domestic market for virtual shareholder meeting operation support. Sharely's business has potential for further growth. While the Sharely business has potential for further growth, in light of Coincheck's mission of "making new value exchange more accessible. In light of Coincheck's mission "Bringing new value exchange closer to our customers," the decision to transfer the Sharely business was made in line with Coincheck's management policy to further focus on the growth of its cryptoasset business, including its crypto asset trading services.
About Excite Holdings, Inc.
Excite Holdings Inc. has adopted "ambidextrous management" as its growth strategy, and has achieved "existing business growth" by expanding the number of users in its platform business and broadband business. The company aims to achieve sustainable growth by leveraging its earnings base, building new business pillars through aggressive investment in SaaS and DX businesses, and strengthening its business portfolio through M&A. In order to build new business pillars, the company is focusing on SaaS and DX businesses, and has decided to acquire Sharely for the purpose of expanding the products of these businesses. Coincheck has decided to transfer the Sharely business to Excite Holdings based on the belief that the management skills of Excite Holdings' current management team, which has created and grown numerous Internet businesses, will facilitate further growth of the Sharely business.
Shinichi Saijo (President and CEO, Excite Holdings, Inc.) commented
We are very pleased and honored that Excite Holdings has chosen to welcome Sharely into its fold. Sharely's virtual shareholder meeting support SaaS is a visionary product that was created with the idea of using technology to solve the challenges that shareholder meetings will need to address in the future in the wake of the new coronavirus. We strongly believe that the need for virtual shareholder meetings will continue to accelerate. Sharely has already demonstrated its power at shareholder meetings of listed companies, and I myself have heard high praise for its practicality from executives of listed companies around me. I am truly impressed with the product development capabilities of the Sharely team, which has achieved PMF (Product-Market-Fit) in a short period of time through their efforts so far. At this critical time in Sharely's journey into the Go-To-Market phase, Excite Holdings is committed to its growth by providing further support in terms of human resources and marketing. We look forward to working with the Sharely team to ensure the success of both companies into the future.
Yusuke Otsuka (Executive Officer, General Manager of web3Cloud Business Division, Coincheck Corporation) commented
The Sharely business, which launched in 2020 as a SaaS service to support virtual shareholder meetings, will now be grouped with Excite Holdings, Inc. as Sharely, Inc. Sharely has achieved a certain level of product market fit (PMF) in the three years since its launch, and is now entering the go-to-market phase. In order to further accelerate our growth, we have long envisioned joining a group of operating companies with knowledge, experience, and management capabilities in the BtoB SaaS business, which led to the decision to transfer the business. As the Sharely business is leaving Coincheck, I will also be leaving Sharely's operations, but I will be able to continue to work with Mr. Shinichi Saijo, Representative Director of Excite Holding, who listed Excite Holding on the TSE Standard Market in 2023 after completing the TOB for Excite in 2018, and Mr. Shinichi Ishii, Director of Excite Holding. We are grateful to the Sharely group, led by Mr. Shinichi Saijo, Representative Director, and Mr. Masaya Ishii, Director, for their high evaluation of the growth potential of the Sharely business.
As more and more businesses are moving online, demand for virtual shareholder meetings is expected to increase. Sharely," which boasts the largest share of the virtual shareholder meeting management support market in Japan, will become an even better service with the transfer to Excite Holdings, Inc. For more information on this business transfer, please visit Coincheck's official website.
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