Tokyo Vision, 48 Years Since Founding, Transitions to New System with Management Personnel as Shareholders After Business Succession

Tokyo Vision Co., Ltd. (Headquarters: Tokyo, Representative Director: Takumi Shimizu, hereinafter "the Company") will formally introduce the capital and governance model "Icon Model" and the successor development program "SAP (Searcher Ascension Program)" provided by Icon Capital Co., Ltd. (hereinafter "Icon Capital") and National Search Fund Co., Ltd. (hereinafter "NSF").

*The Icon Model is a mechanism where management personnel acquire shares and participate in management with ownership, and SAP is a program that develops management candidates into management personnel over two years.

Reference: Icon and NSF Officially Launch Capital Governance "Icon Model" and Successor Development Program "SAP", Icon Model Officially Introduced to Yashima Foods and Tokyo Vision

The Company underwent business succession in October 2024, and currently, Takumi Shimizu serves as the third Representative Director. Through this initiative, Shimizu, along with Icon Capital and NSF, will begin building a next-generation management shareholder team to lead the "second founding" and will widely recruit management candidates from both inside and outside the company.

Background of Introduction: Inheriting Tradition and Diversifying Management Structure

For small and medium-sized enterprises (SMEs), successor shortages and the personalization of management are significant challenges.

Since its founding in 1978, for 48 years, the Company has established a unique position in the import and distribution of overseas video works, as well as in the planning, production, and overseas expansion of video content. Since Shimizu's appointment as representative, we have promoted the rebuilding of sales capabilities, operational efficiency, and governance improvements, establishing a foundation to provide high-value-added services. To ensure sustainable growth and a path to becoming a 100-year company, we will now transition to a team-based management that does not rely on a single individual.

Purpose of Introduction: Realizing "Team Management" Not Dependent on a Single President

The purpose of this introduction is to strengthen the management structure by increasing the number of colleagues who will take on the company's future as their "own responsibility" and make decisions, together with Shimizu, Icon Capital, and NSF.

• We will publicly recruit and develop management shareholders from both inside and outside the company who understand management and walk together with ownership.

• We will institutionalize a growth path that allows for gradual acquisition of shares according to roles and results, creating an environment where individuals can participate as stakeholders in management.

• We will widely recruit external talent with expertise in the video field or other industries who wish to take on the challenge of SME management.

Recruitment: For Those Who Challenge the "Second Founding" of SMEs with a Sense of Ownership

We are looking for "stakeholders" who will leverage the asset of 48 years of history to drive Tokyo Vision's growth beyond the realm of video.

【Image of Target Applicants】

• Those with expertise in any field, not limited to video, who wish to be deeply involved in management.

• Those who want to leverage their entrepreneurial experience or side-job experience to refine existing businesses or lead new developments.

• Those who want to challenge the "second founding" and growth of an SME with a sense of ownership.

Comment from Takumi Shimizu, Representative Director of Tokyo Vision

Since my appointment as Representative Director in October 2024, we have been redefining the strengths of the traditional Tokyo Vision and continuously refreshing it into a strong organization that can thrive in the new era. The introduction of the Icon Model and SAP is a strong manifestation of our determination to grow the company with multi-layered leadership, not just through my efforts alone. We are looking for individuals who want to take on the challenge of SME revitalization and growth with a sense of ownership. I sincerely look forward to meeting passionate partners who will walk with us in our "second founding."

Comment from Shuichiro Yasuda, Representative Director of Icon Capital

We believe that the perpetuation of SMEs should be achieved not by a single excellent manager, but by multiple management personnel with ownership. The "Icon Model" is a mechanism where individuals involved in management participate as shareholders and drive the improvement of corporate value through their own will. This initiative is an important step in putting the philosophies of Representative Director Shimizu and ourselves into practice, and we believe it will demonstrate a new way of management for Japanese SMEs.

Comment from Kenta Maeda, Representative Director COO of NSF

The search fund initiative is one effective solution to the challenges of business succession and management talent shortages in Japan. This case is highly significant as a model for continuously developing and involving multiple management personnel in the growth phase after succession. Moving forward, our company will continue to promote the emergence of ambitious management talent and support the growth of SMEs.

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Contact for this matter

Tokyo Vision Co., Ltd. Public Relations Department

Email: info@tokyovision.co.jp