Announcement of Change in Reporting Segments

SHIFT Inc. (“SHIFT,” headquartered in Minato-ku, Tokyo, Japan; Masaru Tange, CEO and Representative Director) announced today that it has decided to change reporting segments as followings from the first quarter of FY08/23.

1. Reason for the change
As SHIFT has been expanding its software quality assurance business since 2009, it has served clients in a wide variety of industries, such as financial, retail, logistics, and entertainment. Moreover, toward achieving its growth strategy, “SHIFT 1000,” which aims at ¥100 billion of net sales, SHIFT has been strategically acquiring businesses to expand and enrich its service portfolio, while putting its focus on software quality assurance.

As of July 31st, 2022, the number of group companies has grown to 32, and it even varies in terms of service areas, sales/employee size, growth rates, business models, and histories since each group company joined in the SHIFT Group. Through PMI activities, SHIFT recognized synergies various ways, including collaborative projects and personnel exchanges between SHIFT and group companies or between group companies themselves. This results in organic growth as the SHIFT Group.

Against this backdrop, in order to more appropriately manage the diverse services and business models in the SHIFT Group and to plan for the further growth, SHIFT has decided to change its reporting segments.

In light of the businesses and business models of SHIFT and its group companies, the new reporting segments are scheduled to be divided into three categories: “Software Testing Related Services,” “Software Development Related Services,” and “Other Proximate Services.”

• Software Testing Related Services
  • Primarily covers businesses such as software testing and quality assurance, consulting, PMO, customer support, and security and vulnerability.
• Software Development Related Services
  • Primarily covers group companies that engage in businesses that are directly involved in software development processes, such as system development, system performance improvement, IT strategy formulation, system planning and design, engineer matching platforms, and data analysis.
• Other Proximate Services
  • Primarily covers group companies that have business models that is close to software development and differs from existing services of SHIFT, such as web planning and production, marketing, kitting, cloud services, localization, and M&A/PMI.

Please refer to the link below for further information.
20220830_new reporting segments_fin_EN