#Japan #FORVAL #Miyagi #Business Matching #Miyagi Daiichi

FORVAL and Miyagi Daiichi Shinkin Bank Forge Partnership for Local Business Development

In an effort to tackle the increasing challenges faced by local businesses, FORVAL, a prominent consulting firm based in Shibuya, Tokyo, has recently signed a business matching agreement with Miyagi Daiichi Shinkin Bank, headquartered in Sendai, Miyagi. Under the guiding principle of creating a "new normal" to foster a new world, FORVAL is committed to visualizing and supporting sustainable corporate growth through ESG management.

Context and Objectives of the Agreement

Miyagi Prefecture has been grappling with several significant issues, including labor shortages due to an aging population, declining birth rates, and the shrinking regional economy. These challenges are profoundly impacting the continuity and growth of small and medium-sized enterprises (SMEs). Furthermore, obstacles such as management succession issues and stagnation in entrepreneurship impede new business developments. The need for innovative business models is critical to maintain the vitality of regional industries. With the advancement of digital transformation (DX), pursuing these initiatives has become essential, but barriers such as a lack of expertise and funding persist.

To address these pressing challenges, Miyagi Daiichi Shinkin Bank and FORVAL have formed a strategic partnership aimed at supporting local companies in overcoming various obstacles. By combining the extensive customer network of Miyagi Daiichi Shinkin Bank with FORVAL's unique consulting services, which include visualized support and office solutions, the collaboration is designed to facilitate sustainable growth for businesses within the region.

Key Support Services

As part of the agreement, Miyagi Daiichi Shinkin Bank will introduce FORVAL to its clientele that expresses interest in several specialized services:

• - Consulting services through visualized support
• - Sales of hardware and software, including office automation equipment
• - Provision of office interior furnishings

FORVAL will engage with these referred clients to offer continuous support, from visualizing challenges to proposing and implementing relevant solutions, ultimately aiding in business improvement and growth. Through this collaboration, both parties aim to broaden their contributions to diverse enterprises, regardless of industry.

Statements from Leadership

Chairman Sugawara of Miyagi Daiichi Shinkin Bank

the chairman expressed delight at sealing the business matching contract with FORVAL. He emphasized that regional companies are facing numerous challenges, including labor shortages, stagnation in business succession, and the need for digital integration. He believes that enhancing management capabilities and creating new values is essential for the lasting development of businesses in the region. Sugawara commented on FORVAL's impressive record as a 'corporate doctor' that visualizes ESG management challenges, helping companies find tailored solutions and thriving amid increasing difficulties. He anticipates that the marriage of the bank's customer network with FORVAL's expertise will yield tangible support for regional enterprises, thus positively influencing their growth trajectories.

Isao Saito from FORVAL Hokkaido and Tohoku Company

Saito also remarked on the importance of this new partnership, highlighting the firm’s specialized consulting capabilities that will be combined with Miyagi Daiichi Shinkin Bank's solid client base. He stressed that FORVAL will deploy its services, including ESG management visualization and office solutions, to deliver meticulous and effective support to local companies, thereby enhancing their management abilities and promoting sustainable growth.

About FORVAL

FORVAL, a group of next-generation management consultants referred to as "corporate doctors," specializes in supporting ESG management with a capital of ¥4.105 billion (Securities Code: 8275). The company focuses on five core areas: information communication, overseas expansion, environmental considerations, education and human resources, and business succession. In alignment with the government’s initiatives to promote “Green,” “Digital,” “Vibrant Local Communities,” and “Measures for Declining Birth Rates,” FORVAL is dedicated to training DX and GX personnel through collaboration with municipalities, private enterprises, educational institutions, and financial organizations. Their ultimate goal is to stimulate the local economy, contributing to sustainable regional revitalization through the F-Japan initiative and ongoing support of visible ESG management.

For more details, please visit FORVAL's official website.