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Home » RIZAP Group, Inc. Sompo Holdings and RIZAP Group hold a press conference regarding their capital and business alliance

RIZAP Group, Inc. Sompo Holdings and RIZAP Group hold a press conference regarding their capital and business alliance

RIZAP Group Co., Ltd.
Sompo Holdings and RIZAP Group hold press conference regarding capital and business alliance
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Sompo Holdings, Inc. (Group CEO, President and Representative Executive Officer: Mikio Okumura, Headquarters: Shinjuku-ku, Tokyo) and RIZAP Group, Inc. (Representative Director, President and CEO: Ken Seto, Headquarters: Shinjuku-ku, Tokyo) will join the two companies on July 1, 2024. held a press conference regarding the capital and business alliance they have concluded.
This capital and business alliance was concluded on June 7, 2024, with the goal of both companies being to “realize a society where everyone can feel a sense of well-being.”
[Reference] Released on June 7th:
[Image 2:×344.jpg] ■Summary of press conference
Date and time: July 1, 2024 (Monday) 11:00~
Venue: Bellesalle Nishi-Shinjuku 1st floor hall
Speaker: Mikio Okumura, Group CEO, Director, Representative Executive Officer and President, Sompo Holdings, Inc.
RIZAP Group Co., Ltd. President and Representative Director Ken Seto Contents: After explaining the vision of both companies, the purpose of the capital and business alliance, and the specific image of the collaboration, both presidents spoke about their thoughts on the collaboration.
■Comments from both presidents (from press conference)
・SOMPO Holdings Group CEO, Director, Representative Executive Officer and President Mikio Okumura
“In order to realize the Sompo Group’s goal of “Toward a future filled with security, safety, and health,” we would like to create a world-class country with a long life expectancy and a society that views aging in a positive manner. From this point of view, the RIZAP Group has a complementary business model that the Sompo Group does not yet have, such as specific fitness services and digital contact points. I believe that their challenging spirit and business development will have an extremely positive effect on us, and that they will be our best partner in terms of corporate culture.We look forward to working together to realize our vision.”
・RIZAP Group President and Representative Director Ken Seto
“Customers’ needs for self-actualization are fulfilled, not only by improving their physical health, but also by becoming mentally and socially healthy.In order to provide these services, we are
reinventing the concept of exercise. By changing the way we enjoy exercise, whether it’s through self-esthetics or karaoke, and redefining the way we perceive exercise, we can make exercise a part of our lives. By collaborating with the Sompo Group, we are connecting various data and discovering new indicators of behavior and exercise that support health, which we will use to redefine our products and services. I’m sure there will be many more in the future, but I would like both companies to work together to overcome them and take on the challenge so that in a year’s time, people will be thinking, “It’s amazing that such a service was created.”
■Reference materials
・Press conference handouts ・Concept movie
・Press conference video
■Press conference
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■Company overview
Company name: Sompo Holdings, Inc.
Location: 1-26-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo
Representative: Mikio Okumura, Group CEO, Director, Representative Executive Officer and President
Business details:
Centered on the domestic non-life insurance business, which has a history of approximately 130 years, we are developing a variety of businesses, including the overseas insurance business, domestic life insurance business, and the well-being business, which includes the nursing care business. Based on Sompo’s purpose of “Toward a future filled with security, safety, and health,” we will solve the social issues facing Japan through our business and create a society where everyone can enjoy a healthy and fulfilling life in their own way. We are aiming for
URL: Stock code: 8630
Company name: RIZAP Group Co., Ltd.
Establishment date: April 10, 2003 (trade name changed from Kenko Corporation Co., Ltd. on July 1, 2016)
Address: 36F, Sumitomo Fudosan Shinjuku Grand Tower, 8-17-1
Nishi-Shinjuku, Shinjuku-ku, Tokyo
Representative: Ken Seto, Representative Director and President Business details:
We plan and execute the medium- to long-term business strategies of our group, support the execution of business strategies and manage business activities of each group company, and operate businesses such as the personal training gym “RIZAP” and the convenience store gym “chocoZAP” at our consolidated subsidiary RIZAP Co., Ltd. We operate. “chocoZAP”, which started in July 2022, provides services in various fields such as “beauty”, “lifestyle”, and “entertainment”, not just exercise, and has 1,500 stores*1 and 120 members nationwide. We have surpassed 10,000*1 members, making us the number one fitness gym member in Japan*2.
By leveraging the management resources of the entire group, centered on RIZAP and chocoZAP, everyone in Japan can live a healthy and bright life by addressing social issues such as optimizing medical costs and regional revitalization. We aim to realize a society where people can send
URL: Securities code: 2928
*1) As of May 15, 2024
*2) August 15, 2023 RIZAP Co., Ltd.
More details about this release: