It was announced that the Sharely business, a virtual shareholder meeting comprehensive support service operated by Coincheck, Inc., will be succeeded by a newly established company through an incorporation-type company split, and the shares of the newly established company will then be transferred to Excite Holdings Co., Ltd.
Sharely Transferred to Excite Holdings
Sharely Official WebsiteSince launching the Sharely business at a time that anticipated the 2020 legalization of virtual shareholder meetings, Coincheck, Inc. supported the operation of virtual shareholder meetings for listed companies. Strong in its intuitive and user-friendly UI/UX design, which was cultivated through the crypto asset trading service "Coincheck," and the speed of functional improvements through in-house development, it increased the number of virtual shareholder meeting support cases, achieving the top domestic market share in virtual shareholder meeting operation support in 2022 and 2023. Although the Sharely business has further growth potential, Coincheck, Inc. decided on the transfer to align with its management policy to focus more heavily on growing its core crypto asset business, in light of its mission to make new value exchange more familiar.
About Excite Holdings Co., Ltd., the Transferee
Excite Holdings Co., Ltd. advocates "ambidextrous management" in its growth strategy and realized the growth of existing businesses by expanding its user base in the platform and broadband businesses. Utilizing that earnings base, it aims for sustainable growth by constructing new business pillars through active investment in SaaS and DX businesses and strengthening its business portfolio through M&A. In order to construct new business pillars, it is focusing heavily on SaaS and DX businesses, and it made the decision to acquire the Sharely business for the purpose of expanding products in that area. Coincheck, Inc. determined that the management skills of the current Excite Holdings Co., Ltd. management team, who created and grew numerous internet businesses, will promote further growth for the Sharely business, leading to the decision for this business transfer.
Comments from Shinichi Saijo, Representative Director, President and CEO of Excite Holdings Co., Ltd.
I am extremely honored and happy that Excite Holdings has been given the opportunity to welcome Sharely. Sharely's virtual shareholder meeting support SaaS is a visionary product that was created from the idea of whether the challenges that future shareholder meetings face under the influence of the novel coronavirus could be resolved with the power of technology. We strongly believe that the need for virtual shareholder meetings will accelerate even further in the future. Sharely has already demonstrated its power at shareholder meetings of listed companies, and I myself have heard highly positive feedback regarding its practicality from managers of neighboring listed companies. I think the product development capability of the Sharely team, which achieved PMF (Product Market Fit) in a short period through past efforts, is truly wonderful. At this important time for Sharely as it steps forward into the Go-To-Market phase, Excite Holdings will provide further support in terms of human resources and marketing and commit to its growth. I look forward to working together with the Sharely team to drive the success of both companies toward the future.
(Translated from Japanese)PR TIMES
Comments from Yusuke Otsuka, Executive Officer, Head of web3Cloud Business Division at Coincheck, Inc.
The Sharely business, which started service in 2020 as a SaaS for virtual shareholder meeting support, has now joined the Excite Holdings group as Sharely, Inc. I believe that Sharely achieved a certain level of PMF (Product Market Fit) over a period of about three years from the start of the business and is now reaching the Go-To-Market phase. In order to accelerate growth even further from here, we have been envisioning joining a corporate group with extensive knowledge, experience, and management power in BtoB SaaS businesses, which led to the decision for this business transfer. The Sharely business will separate from us at Coincheck, and I will also step away from the business operation of Sharely. However, I am grateful that the corporate group, which is powerfully led by Representative Director Shinichi Saijo and Director Masaya Ishii—who successfully completed a TOB for Excite in 2018 and then listed Excite Holdings on the Tokyo Stock Exchange Standard Market in 2023—highly evaluated the growth potential of the Sharely business and welcomed us.
(Translated from Japanese)PR TIMES
Now that the digitalization of business is progressing, the demand for virtual shareholder meetings will likely increase as well. By transferring Sharely, which boasts the top domestic market share in virtual shareholder meeting operation support, to Excite Holdings Co., Ltd., it is poised to become an even better service. For details about this business transfer, please see the Coincheck, Inc. Official Website.
