Seamless Business Succession Seminar for Small Enterprises in Setagaya
On February 7, 2026, a vital seminar on business succession will take place at the Setagaya Industrial Plaza, targeting small business owners and sole proprietors. Organized by LiteLite Inc., which runs the Open Name Business Succession platform 'Relay', the event aims at addressing the lack of successors in small businesses, a pressing issue in Japan facing a so-called 'big bankruptcy era'. With around 50,000 businesses shutting down every year, notably 60% due to absence of successors while still profitable, this seminar is crucial for preserving local economies.
Setagaya is home to many cherished local shops and businesses that have been nurtured over the years. However, the aging population and a lack of successors are increasingly leading to closures. Small businesses are pivotal to community stability and local employment, making tackling the successor issues essential. The seminar will serve as a platform for participants to explore business succession options, with a focus on practical methods and real-life examples.
A highlight of the seminar includes a talk session featuring the third-generation owner of the historic public bath 'Komae-yu', established in 1955, who successfully took over the business in 2023. This guest has modernized the establishment while respecting its tradition, incorporating a café bar and planning community events, thereby appealing to a wider audience across generations. Their insights into the value of blending tradition with innovation will enrich the discussion.
To ensure a smooth succession process, early preparation is crucial. Participants will be encouraged to consider business succession as a positive option for the future. Those interested in succession, as well as support agencies, are warmly invited to join the seminar.
Seminar Details:
Agenda:
1. Overview of Setagaya businesses
2. Explanation of third-party succession and presentation of 'Relay'
3. Discussion with business succession experienced guests
4. Presentations from support organizations
5. Q&A Session
6. Networking Event
Collaborators: Setagaya City, Relay (LiteLite Inc.), Tokyo Business Succession Support Center, Japan Policy Finance Corporation, Setagaya Industry Promotion Corporation, among others.
LiteLite Inc. aims to revolutionize business succession by providing a transparent matching platform where the stories and legacies of business owners are showcased, allowing passionate successors to step forward. Since its inception in 2020, Relay has facilitated around 800 successor recruitment projects, achieving a match success rate that ranks number one in Japan for business succession matching platforms for five consecutive years (2020-2024).
Get ready to engage in meaningful discussions on business succession to ensure the future of local enterprises. Don’t miss this opportunity to be part of a community-focused solution for sustaining small businesses in Setagaya. Join us in securing the legacy of local institutions and fostering future generations of entrepreneurs.
Setagaya is home to many cherished local shops and businesses that have been nurtured over the years. However, the aging population and a lack of successors are increasingly leading to closures. Small businesses are pivotal to community stability and local employment, making tackling the successor issues essential. The seminar will serve as a platform for participants to explore business succession options, with a focus on practical methods and real-life examples.
A highlight of the seminar includes a talk session featuring the third-generation owner of the historic public bath 'Komae-yu', established in 1955, who successfully took over the business in 2023. This guest has modernized the establishment while respecting its tradition, incorporating a café bar and planning community events, thereby appealing to a wider audience across generations. Their insights into the value of blending tradition with innovation will enrich the discussion.
To ensure a smooth succession process, early preparation is crucial. Participants will be encouraged to consider business succession as a positive option for the future. Those interested in succession, as well as support agencies, are warmly invited to join the seminar.
Seminar Details:
- - Date: February 7, 2026, from 13:30 to 15:00 (Doors open at 13:00)
- - Cost: Free (Maximum capacity: 30 participants)
- - Location: Setagaya Industrial Plaza Meeting Room, 2-16-7 Taishido, Setagaya
- - Organized by: Setagaya City
- - Managed by: LiteLite Inc. (operating the Open Name Business Succession 'Relay')
Agenda:
1. Overview of Setagaya businesses
2. Explanation of third-party succession and presentation of 'Relay'
3. Discussion with business succession experienced guests
4. Presentations from support organizations
5. Q&A Session
6. Networking Event
Collaborators: Setagaya City, Relay (LiteLite Inc.), Tokyo Business Succession Support Center, Japan Policy Finance Corporation, Setagaya Industry Promotion Corporation, among others.
LiteLite Inc. aims to revolutionize business succession by providing a transparent matching platform where the stories and legacies of business owners are showcased, allowing passionate successors to step forward. Since its inception in 2020, Relay has facilitated around 800 successor recruitment projects, achieving a match success rate that ranks number one in Japan for business succession matching platforms for five consecutive years (2020-2024).
Get ready to engage in meaningful discussions on business succession to ensure the future of local enterprises. Don’t miss this opportunity to be part of a community-focused solution for sustaining small businesses in Setagaya. Join us in securing the legacy of local institutions and fostering future generations of entrepreneurs.
Topics Business Technology）
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