{"id":7941,"date":"2025-04-23T16:39:09","date_gmt":"2025-04-23T07:39:09","guid":{"rendered":"https:\/\/mirai-works.co.jp\/consulnext\/?post_type=industry&#038;p=7941"},"modified":"2026-05-20T21:12:02","modified_gmt":"2026-05-20T12:12:02","slug":"zigexn_en","status":"publish","type":"industry","link":"https:\/\/mirai-works.co.jp\/consulnext\/en\/industry\/zigexn_en\/","title":{"rendered":"[Interview with Shinji Sato, Director &amp; Executive Officer of ZIGExN Co., Ltd.] Unveiling the New Growth Strategy: Tackling Industry Challenges Through M&amp;A and Diversified Management"},"content":{"rendered":"\n<p>Zigexn Co., Ltd. operates an internet-based platform business model under the purpose statement &#8220;UPDATE YOUR STORY \u2014 Taking You to the Future.&#8221; Through M&amp;A, the company handles multiple domains and businesses, continuing its daily transformation and growth.<\/p>\n\n\n\n<p>We interviewed Shinji Sato, Director and Executive Officer at Zigexn Co., Ltd., about the circumstances that led him to decide on an M&amp;A with Zigexn for the company he was running, and Zigexn&#8217;s vision going forward.<\/p>\n\n\n\n<div class=\"wp-block-group has-border -border04\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p><strong>Shinji Sato<\/strong><\/p>\n\n\n\n<p>After graduating from the Faculty of Law at Chuo University in 2006, he joined a human resources consulting company. In 2008, he was involved in founding I&amp;C-Cruise Co., Ltd., and as Director and COO oversaw and drove growth across the entire business. In 2020, following an M&amp;A and merger with Zigexn Co., Ltd., he transferred to Zigexn. He was appointed Executive Officer in 2021 and Director in 2023. He currently serves concurrently as Director and Executive Officer, Head of the Life Media Platform Business Division, Head of the Management Promotion Division, and Representative Director or officer of multiple domestic and overseas group companies.<\/p>\n<\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"toc-0\">Focusing on M&amp;A and Making Diversified Management a Strength<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1122\" height=\"630\" src=\"https:\/\/mirai-works.co.jp\/consulnext\/wp-content\/uploads\/2025\/03\/company_zigexn_01.jpg\" alt=\"\" class=\"wp-image-3664\" srcset=\"https:\/\/mirai-works.co.jp\/consulnext\/wp-content\/uploads\/2025\/03\/company_zigexn_01.jpg 1122w, https:\/\/mirai-works.co.jp\/consulnext\/wp-content\/uploads\/2025\/03\/company_zigexn_01-1024x575.jpg 1024w, https:\/\/mirai-works.co.jp\/consulnext\/wp-content\/uploads\/2025\/03\/company_zigexn_01-768x432.jpg 768w, https:\/\/mirai-works.co.jp\/consulnext\/wp-content\/uploads\/2025\/03\/company_zigexn_01-1536x863.jpg 1536w\" sizes=\"(max-width: 1122px) 100vw, 1122px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"toc-1\">\u2014 Could you tell us about Zigexn&#8217;s business?<\/h3>\n\n\n\n<p>We operate an internet-based platform business model across multiple domains. Our services are broadly organized into three categories: the Vertical HR domain \u2014 HR businesses specialized in specific sectors such as the beauty industry, manufacturing, and logistics; the LivingTech domain \u2014 covering rental housing, renovation, energy, and similar areas; and the LifeService domain \u2014 covering travel, automotive, and related sectors. All of these are businesses that connect something with something else \u2014 users with companies, for example \u2014 and the means of connection spans a wide range, from media to agent services.<\/p>\n\n\n\n<p>Another characteristic of our company is that we have completed M&amp;A transactions with a cumulative total of 31 companies and businesses, giving us a large number of group companies and business units operating as a portfolio-managed organization.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"toc-2\">\u2014 What synergies and benefits do you see M&amp;A bringing?<\/h3>\n\n\n\n<p>There are numerous synergies and benefits \u2014 accelerating entry into new domains and driving faster growth in existing businesses, to name just a few. While every collaboration is different, the most clearly visible form of mutual synergy tends to be when each party&#8217;s areas of strength complement the other&#8217;s \u2014 allowing both Zigexn and the partner company to cover each other&#8217;s weaknesses and increase growth speed efficiently. For example, a company with strong sales capabilities but weaker client acquisition or marketing can grow significantly when Zigexn provides support in marketing and engineering.<\/p>\n\n\n\n<p>While we work alongside partner companies to complement each other&#8217;s capabilities and grow together, our policy is to respect the independence of the companies that join us through M&amp;A.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"toc-3\">\u2014 Could you be more specific about what maintaining independence means in practice?<\/h3>\n\n\n\n<p>We describe it internally with the phrase &#8220;culture conglomerate&#8221; \u2014 the stance of respecting each company&#8217;s own culture rather than imposing Zigexn&#8217;s culture on them by force.<\/p>\n\n\n\n<p>Since the company&#8217;s founding, Zigexn has had many employees who aspire to be entrepreneurs and business builders \u2014 but companies that join the group through M&amp;A do not necessarily share that culture. &#8220;Conglomerate&#8221; refers to integrating multiple companies across different industries into a group management structure, and we are applying that concept to culture as well.<\/p>\n\n\n\n<p>Companies that join the group through M&amp;A range from startups to long-established businesses with deep histories. Each company has its own distinct characteristics \u2014 some are specialized by industry or region, for example. We do not believe that painting everything in Zigexn&#8217;s colors and making everything uniform is necessarily the best approach. For that reason, our policy is to support joining companies in terms of financing and human resources while respecting each company&#8217;s good culture and management philosophy, and allowing them to operate their businesses with autonomy.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"toc-4\">Looking for People with Strategy Consulting Backgrounds Who Can Take a Cross-Functional, Bird&#8217;s-Eye View of the Business<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1122\" height=\"630\" src=\"https:\/\/mirai-works.co.jp\/consulnext\/wp-content\/uploads\/2025\/03\/company_zigexn_02.jpg\" alt=\"\" class=\"wp-image-3663\" srcset=\"https:\/\/mirai-works.co.jp\/consulnext\/wp-content\/uploads\/2025\/03\/company_zigexn_02.jpg 1122w, https:\/\/mirai-works.co.jp\/consulnext\/wp-content\/uploads\/2025\/03\/company_zigexn_02-1024x575.jpg 1024w, https:\/\/mirai-works.co.jp\/consulnext\/wp-content\/uploads\/2025\/03\/company_zigexn_02-768x432.jpg 768w, https:\/\/mirai-works.co.jp\/consulnext\/wp-content\/uploads\/2025\/03\/company_zigexn_02-1536x863.jpg 1536w\" sizes=\"(max-width: 1122px) 100vw, 1122px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"toc-5\">\u2014 Could you tell us about the kind of people you are looking for?<\/h3>\n\n\n\n<p>We are looking for people with strategy consulting experience. Because we are advancing a diversified management approach, the ideal is someone who can take a bird&#8217;s-eye view across multiple businesses and move in a cross-functional, project-based way. More specifically, we envisage people engaging in portfolio organization, strategy formulation, business-level strategy development, and M&amp;A strategy across the group as a whole. We also see a career path in which, after being initially involved horizontally across the whole group, people can move on to engage in management on the business side of the domains where their interest or potential for synergy is greatest.<\/p>\n\n\n\n<p>A key difference from a consulting firm is that we are an operating company. There are no clean project endings; the work becomes a medium-to-long-term engagement that continues through PMI. The ability to provide sustained, long-term support toward the company&#8217;s vision is, I believe, something that people from a consulting background will actually find uniquely interesting \u2014 because they are able to appreciate that dimension in a way others might not.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"toc-6\">\u2014 Could you elaborate on the background to your focus on strategy consulting experience?<\/h3>\n\n\n\n<p>Zigexn has grown as a lean, elite organization, and high-value, sophisticated output is expected. I believe people who are accustomed to producing that kind of output \u2014 which is to say, those with strategy consulting experience \u2014 are a natural fit. Of course, there are people from operating company backgrounds who would match well too, but even among those who have been involved in corporate strategy at operating companies, the depth of exposure varies considerably \u2014 some have seen from the upstream, others only from downstream. People from strategy consulting firms, by contrast, tend to have been operating at consistently high intensity.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"toc-7\">\u2014 In terms of mindset, what kind of person are you looking for, and what are your key selling points?<\/h3>\n\n\n\n<p>Since its founding, Zigexn has positioned itself as a &#8220;group of entrepreneurs,&#8221; but going forward we are aiming to develop &#8220;UPDATERs&#8221; \u2014 people who go beyond growing businesses to actively solving social challenges within industries. The right fit is someone who has the ambition to take on a management role as a business unit leader responsible for solving the challenges facing the industries that will support Japan&#8217;s future.<\/p>\n\n\n\n<p>Despite operating a large number of diversified businesses, our employee count is still around 1,000 \u2014 meaning we remain a lean, elite organization. The high pace of M&amp;A also means the company structurally requires a large number of management positions. While we are listed on the Prime Market, the fact that the founding president is still actively managing the company means there is a startup-like speed and energy that still runs through everything \u2014 which I think is one of our attractions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"toc-8\">Having Experienced M&amp;A Firsthand \u2014 Understanding Zigexn&#8217;s Strengths from the Inside<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1122\" height=\"630\" src=\"https:\/\/mirai-works.co.jp\/consulnext\/wp-content\/uploads\/2025\/03\/company_zigexn_03.jpg\" alt=\"\" class=\"wp-image-3662\" srcset=\"https:\/\/mirai-works.co.jp\/consulnext\/wp-content\/uploads\/2025\/03\/company_zigexn_03.jpg 1122w, https:\/\/mirai-works.co.jp\/consulnext\/wp-content\/uploads\/2025\/03\/company_zigexn_03-1024x575.jpg 1024w, https:\/\/mirai-works.co.jp\/consulnext\/wp-content\/uploads\/2025\/03\/company_zigexn_03-768x432.jpg 768w, https:\/\/mirai-works.co.jp\/consulnext\/wp-content\/uploads\/2025\/03\/company_zigexn_03-1536x863.jpg 1536w\" sizes=\"(max-width: 1122px) 100vw, 1122px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"toc-9\">\u2014 Could you tell us about your career background?<\/h3>\n\n\n\n<p>My first employer out of university was a human resources startup with fewer than ten employees, where I worked as a human resources consultant. About three years in, the company was destabilized by the Lehman Shock \u2014 and that was the catalyst for me to take the plunge into founding my own company. I founded I&amp;C-Cruise Co., Ltd. in 2008.<\/p>\n\n\n\n<p>At I&amp;C-Cruise we ran multiple businesses including energy-related media and a home renovation business, and in 2020 I sold the company to Zigexn. In conjunction with the absorption merger into Zigexn, I myself transferred to Zigexn. In the first year I acted as the business unit head in an extension of the I&amp;C-Cruise PMI, and from the following year I became an Executive Officer, taking on management roles across multiple domains. I currently serve as Director and Executive Officer, Head of the Life Media Platform Business Division, Head of HR, and in various other roles, while also serving as Representative Director or officer at multiple group companies domestically and overseas.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"toc-10\">\u2014 What led you to choose a startup company as your first employer out of university?<\/h3>\n\n\n\n<p>My father was a business owner, and that influence meant I had been thinking about starting my own company since I was young. I chose a startup because I felt it would give me experience of the speed of entrepreneurship and the founding phase from early on. It was also a time when venture companies and the IT domain were growing rapidly, and I wanted to be in a growth environment where I could take on challenges.<\/p>\n\n\n\n<p>Being at a startup meant I was always working with a mental image of how to build an organization and a business, which meant I was able to take the step of founding my own company relatively smoothly when the time came.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"toc-11\">\u2014 Could you tell us about the circumstances that led to the absorption merger with Zigexn?<\/h3>\n\n\n\n<p>At I&amp;C-Cruise, like Zigexn, we ran multiple platform-style businesses. I had been watching Zigexn as a benchmark throughout my time at I&amp;C-Cruise, since it was growing continuously with a similar business model. I&amp;C-Cruise itself achieved significant growth \u2014 being nominated for Deloitte&#8217;s fast-growing company ranking three consecutive years \u2014 but when growth gradually plateaued and the trajectory flattened, I began considering M&amp;A.<\/p>\n\n\n\n<p>In that process, I concluded that joining forces with a company operating similar businesses and continuing to grow at scale would be good for the users of our services, our business partners, and our employees in terms of their next career steps. I made the decision to integrate with Zigexn, which at the time was the most rapidly growing company in our space.<\/p>\n\n\n\n<p>As a result, our businesses grew significantly after joining the Zigexn Group. As the founder, I carry a strong sense of regret about what I wasn&#8217;t able to achieve while I was running the company independently \u2014 but the fact that the business ultimately grew significantly makes me feel the decision to join the Zigexn Group was the right one. Having experienced M&amp;A firsthand and been able to benefit from it in this way has also given me insights that I can put to use in my current work.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"toc-12\">\u2014 Could you share your vision and outlook for the future?<\/h3>\n\n\n\n<p>Zigexn has achieved success with a platform-style business model centered on diversified management. Going forward, I want to push hard to build larger, more core-scale businesses within that framework. Rather than simply expanding horizontally across businesses and domains, I believe growing deeply and on a large scale along the vertical axis is the challenge Zigexn must take on next.<\/p>\n\n\n\n<p>We will also be putting significant effort into challenging the global market. We already operate multiple businesses in Vietnam, Southeast Asia, and Africa, and over the medium term we want to grow those cross-border businesses and accelerate our growth in global markets. Of course, PMI with overseas companies will be more challenging than with domestic companies \u2014 but that much greater challenge brings that much greater reward and excitement. The more interesting work like this that Zigexn accumulates, the more naturally talented people will be drawn to us. I intend to keep pushing hard every day to grow the company \u2014 both in terms of business domains and organizational scale.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"toc-13\">\u3010Post-Interview Note\u3011<\/h3>\n\n\n\n<div class=\"wp-block-columns\">\n<div class=\"wp-block-column\" style=\"flex-basis:33.33%\">\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"724\" height=\"724\" src=\"https:\/\/mirai-works.co.jp\/consulnext\/wp-content\/uploads\/2025\/11\/img-tsukada.jpg\" alt=\"\" class=\"wp-image-6572\" srcset=\"https:\/\/mirai-works.co.jp\/consulnext\/wp-content\/uploads\/2025\/11\/img-tsukada.jpg 724w, https:\/\/mirai-works.co.jp\/consulnext\/wp-content\/uploads\/2025\/11\/img-tsukada-450x450.jpg 450w\" sizes=\"(max-width: 724px) 100vw, 724px\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column\" style=\"flex-basis:66.66%\">\n<p>What emerged through the interview with Director Sato was a refined management philosophy \u2014 &#8220;culture conglomerate&#8221; \u2014 that pursues diversified management through M&amp;A while respecting the independence and culture of each company. Zigexn offers a uniquely rare environment in which strategy consulting alumni can step beyond the boundaries of individual projects and engage in business management from a medium-to-long-term perspective.<\/p>\n\n\n\n<p>What I want to convey to prospective applicants is the extraordinary opportunity to take on management positions early \u2014 positions that are structurally in high demand. The combination of a Prime Market\u2013listed foundation and startup-like speed and energy, all while pursuing not just domestic business but global market development, is an experience you simply cannot find elsewhere. For anyone with the ambition to become an &#8220;UPDATER&#8221; \u2014 not just an analyst, but someone who actively transforms industries and drives significant social impact \u2014 Zigexn&#8217;s multifaceted arena should represent the ultimate challenge.<\/p>\n\n\n\n<p class=\"has-text-align-right\"><strong>ConsulNext Senior Consultant<\/strong><br><strong>Masahito Tsukada<\/strong><\/p>\n<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"toc-14\">Zigexn Co., Ltd. \u2014 Company Information<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td data-has-cell-bg=\"1\" data-text-color=\"black\"><span class=\"swl-cell-bg has-swl-gray-background-color\" data-text-color=\"black\" aria-hidden=\"true\">&nbsp;<\/span><strong>Founded<\/strong><\/td><td>June 1, 2006<\/td><\/tr><tr><td data-has-cell-bg=\"1\" data-text-color=\"black\"><span class=\"swl-cell-bg has-swl-gray-background-color\" data-text-color=\"black\" aria-hidden=\"true\">&nbsp;<\/span><strong>Representative Director<\/strong><\/td><td>President, Executive Officer &amp; CEO: Jo Hirao<\/td><\/tr><tr><td data-has-cell-bg=\"1\" data-text-color=\"black\"><span class=\"swl-cell-bg has-swl-gray-background-color\" data-text-color=\"black\" aria-hidden=\"true\">&nbsp;<\/span><strong>Capital<\/strong><\/td><td>\u00a5125,000,000 (as of March 31, 2024)<\/td><\/tr><tr><td data-has-cell-bg=\"1\" data-text-color=\"black\"><span class=\"swl-cell-bg has-swl-gray-background-color\" data-text-color=\"black\" aria-hidden=\"true\">&nbsp;<\/span><strong>Address<\/strong><\/td><td>3-4-8 Toranomon, Minato-ku, Tokyo 105-0001<\/td><\/tr><tr><td data-has-cell-bg=\"1\" data-text-color=\"black\"><span class=\"swl-cell-bg has-swl-gray-background-color\" data-text-color=\"black\" aria-hidden=\"true\">&nbsp;<\/span><strong>Business Activities<\/strong><\/td><td>\u30fbLife Service Platform business<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><a id=\"_msocom_1\"><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"toc-15\">Zigexn Co., Ltd. \u2014 Job Listings<\/h2>\n\n\n\n<p><a id=\"_msocom_1\"><\/a><\/p>\n","protected":false},"featured_media":4198,"template":"","meta":{"_acf_changed":true,"swell_btn_cv_data":""},"tags":[],"class_list":["post-7941","industry","type-industry","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>[Interview with Shinji Sato, Director &amp; 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