– Establishing a global group management system –
Tokyo, Japan – June 24, 2021 — Monstarlab, which leverages its talent across 16 countries and 25 cities worldwide, announces that it has resolved at its Board of Directors meeting held today to shift to a holding company structure and change its company name. The transition will be effective from July 1, 2021.
1. Background and purpose of the transition to a holding company structure and company name change
Since a major rebranding exercise, during which several acquired companies were integrated into the Monstarlab brand in February 2021, the company has operated its 16 national offices independently. To promote the globalization of its business from a mid to long-term perspective, strengthen competitiveness, and increase the value offered to clients, a company split will be executed in Japan and a shift to a holding company structure will take place with the existing Monstarlab legal entity as the parent company.
The transition will ensure a clear separation of the Holding company from the Japanese digital consulting business. The Holding company will be dedicated to group functions that support the global operating companies, including governance, and portfolio management, while the Japanese Digital Consulting company aims to grow into one hundred-billion-yen business over a mid to long-term period.
The change in company name and split of the company will take place concurrent to the transition to a holding company structure.
2. New company name and business description
“Monstarlab Holdings Inc”
The company name, “Monstarlab, Inc.” will be inherited by the new operating company.
|New Company name||Monstarlab Holdings Inc.||Monstarlab, Inc.|
|Head office||1-1-39 Hiroo, Shibuya-ku, Tokyo||1-1-39 Hiroo, Shibuya-ku, Tokyo|
|Business description||Management of group
|Japanese Digital Consulting business|
3. Effective date
July 1, 2021
Monstarlab Holdings CEO Hiroki Inagawa;
Monstarlab is on a global growth spurt, materialised through both rapid organic growth as well as M&As. The new company structure allows us to support this growth and create an even stronger foundation for future expansion. With a holding company that aligns and supports the national entities as well as an increasingly aligned base of national “boutiques” that focus on achieving our high revenue goals, we take another step towards realising our mission of changing the world with technology.