Retty signs a capital and business alliance with Jigen CEO Mr. Takeshi Hirao and Jigen Co., Ltd. Mr. Hirao becomes an outside director of Retty (planned)
Retty Co., Ltd. (Headquarters: Minato-ku, Tokyo, Representative Director: Kazuya Takeda) announced on November 11 that Mr. Takeshi Hirao and Jigen Co., Ltd. (Headquarters: Minato-ku, Tokyo,
Representative Director, President and CEO: Takeshi Hirao, hereinafter referred to as Jigen) implemented a third-party allotment of new shares and signed a capital and business alliance agreement. Mr. Hirao will be appointed as an outside director of the Company following the resolution of the Ordinary General Meeting of Shareholders scheduled to be held on December 23, 2022, and will participate in management. Mr. Hirao, who has led the management of Jigen since its founding, will utilize his management experience and business development knowledge to accelerate the growth of Retty again and support the recovery and development of Japan’s proud restaurant industry. [Image 1
Background of the capital and business alliance
“Real name word of mouth gourmet service Retty” was launched in June 2011. Although it started as a latecomer service in a market crowded with existing gourmet sites, it has grown from its uniqueness and high reliability, such as “real name system”, “recommendation posts rather than criticism”, and “user community who like eating out”. In 2018, the number of monthly users exceeded 40 million.
Although the number of users and paying shop members decreased due to the corona disaster starting in 2020, some restaurants have been exempted from the monthly usage fee, and the Go To Eat campaign led by the Ministry of Agriculture, Forestry and Fisheries has increased the reservation fee for restaurants. We continue to support restaurants by launching and participating in our own support measures that make it free of charge. Furthermore, in October 2020, it was listed on the Tokyo Stock Exchange Mothers (currently the Growth Market). Even in the face of adversity, I continued to run without stopping.
In addition to the waves of infection that continue to visit us, the difficult environment surrounding the food service industry continues, including the unstable world situation, the weak yen, soaring prices, and labor shortages. On the other hand, the relaxation and abolition of movement restrictions and immigration restrictions have made it possible to see the light. At this timing, we decided to invite Mr. Hirao as a partner in order to accelerate our strong growth and further support for restaurants.
As Representative Director, President and CEO of Jigen, Mr. Hirao has made efforts to expand the value of the life service platform, such as strengthening the ability to send customers in existing areas, expanding the customer base, and expanding into new areas. Mr. Hirao, who was searching for an opportunity and method to enter the field of food, which is closely related to people’s lives, and our company’s needs overlapped, and this alliance was realized.
Details of the capital and business alliance
Implemented a third-party allocation of shares with Takeshi Hirao and Jigen as underwriters, and concluded a capital and business alliance. Financing will increase net assets and expand the financial base. Using the funds raised, Retty will expand functions and increase store membership to provide higher value to users and restaurants. In addition, the following three points will be implemented in the business alliance.
・[Commitment to management] Jigen CEO Mr. Hirao participates as an outside director of the company and commits to management
Mr. Hirao will be appointed as an outside director of the Company in order to strengthen the collaboration between Mr. Hirao and the Company. Mr. Hirao, who has led the management of Jigen since its founding, will provide management know-how, such as accompanying business strategy planning, to our company and commit to management. ・[Creation of new business] Utilizing the assets of both companies, aiming to realize multifaceted support for restaurants
In order to create a new business that combines the customer base of about 20,000 companies acquired from Jigen’s media business know-how and business development in various fields, and our knowledge of the restaurant industry and the customer assets of users and restaurants. Form a task force. Specifically, we aim to expand the scope of restaurant support, including recruiting, real estate, franchises, and travel, in addition to the support we have provided to attract customers to restaurants.
・[Growth of existing business] Accelerate Retty’s growth with Jigen’s marketing know-how
With Jigen’s marketing know-how, which has grown a variety of media businesses in many fields, we will accelerate the expansion of users and store members and the improvement of convenience of the “real-name word-of-mouth gourmet service Retty”.
Mr. Takeshi Hirao, Representative Director, President and CEO, Jigen Co., Ltd. He will be appointed as an outside director of Retty after passing a resolution at the Ordinary General Meeting of Shareholders on December 23, 2022. I will apply the wealth of experience and knowledge related to Internet-related businesses that I have cultivated through the management of Jigen to the management of Retty, and work to improve Retty’s performance and corporate value. In addition, we will leverage the customer base of approximately 20,000 companies acquired from the Jigen Group’s media business management know-how and business development in multiple fields, as well as the customer assets of Retty’s users and restaurants, to develop new businesses in the food and beverage area. After the launch, we will work to create business synergies for both companies.
Kazuya Takeda, CEO of Retty Inc.
After the corona disaster, the environment surrounding the restaurant industry, especially restaurants, is changing rapidly. Retty was founded with the desire to protect and promote food, which has the power to enrich people’s lives. .
When I was looking for a big foothold to accelerate growth and initiatives for the post-corona era, Mr. Hirao, who I had a
relationship of trust with through information exchange and respected as a manager, became my partner. . By having Mr. Hirao participate as an outside director of Retty, I would like to quickly and dynamically transform existing businesses and create new businesses.
Jigen Co., Ltd.
Company name: ZIGExN Co., Ltd. https://zigexn.co.jp/
Representative: Takeshi Hirao, Representative Director, President and CEO Head office location: 3-4-8 Toranomon, Minato-ku, Tokyo
Business description: Life service platform business
About the Jigen Group
Updating the future of all people at the crossroads of life in the life event area (recruitment, housing, cars, travel, etc.) We offer over 40 services to do. In 2013, we were listed on the Tokyo Stock Exchange Mothers, and in 2018 we changed the market to the First Section of the Tokyo Stock Exchange, and in 2022 we moved to the prime market. Since going public, we have been actively working to expand our business domains through M&A and have continued to achieve non-continuous growth.
Real-name word-of-mouth gourmet service “Retty”
“Creating a new ‘food experience’ to make life happier.”
The real-name word-of-mouth gourmet service “Retty”, which started service in June 2011, is used by a wide range of ages, mainly men and women in their 20s to 40s, as a gourmet service to “find the best restaurant for yourself”. increase. In addition, since August 2020, we have provided an in-store mobile ordering service “RettyOrder” that allows customers to place orders from their smartphones in
iPhone app: https://itunes.apple.com/jp/app/id473919569?mt=8 Android App: https://play.google.com/store/apps/details?id=me.retty Retty Inc.
Company name: Retty Inc. (Retty, Inc.) https://corp.retty.me/ Representative Kazuya Takeda, Representative Director
Location: 1-4-1 Mita, Minato-ku, Tokyo Sumitomo Realty & Development Azabu Juban Building 3F
Business Description Operation of real-name word-of-mouth gourmet service “Retty”
Details about this release: