Space Market

Basic Information

Stock Code
4487
Industry
Information and Communications
Category Detail
Internet Site Operations
Prefecture
Tokyo
Establishment Year
January 2014
Listing Year
December 2019
Official Website
https://spacemarket.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
LIFULL, ITmedia, Cookpad, Kakaku.com, M3, Ateam Holdings, J Esccom, MarkLines, Sharing Technology, Creema, Bengoshi.com, AppBank, Kamakura Shinsho

Overview

Space Market is a platform company in the information and communications industry, founded in 2014 with its headquarters in Shibuya-ku, Tokyo. It operates Japan's leading sharing service for renting and lending various spaces.

Current Situation

Space Market posted a net loss of ¥95.91 million and total assets of ¥1.654 billion in fiscal 2022, establishing a solid market position as a rental space intermediary site. Its flagship 'Space Market' platform offers diverse spaces including homes, meeting rooms, and photo studios, with iOS/Android apps also available. The company is focusing on expanding corporate and event-specific services while enhancing convenience through technology. To differentiate from competitors, it promotes tech initiatives and quality improvements to boost customer satisfaction. It pursues aggressive growth strategies via fundraising and M&A, while building a sustainable business model. Moving forward, it aims for long-term expansion and diversification through sharing economy growth and new technology adoption.

Trivia

Interesting Facts

  • Pioneering service provider in the rental space market
  • App design with Good Design Award history
  • Multiple venture contest awards as a rapidly growing startup
  • President Daisuke Shimatani is a founding member of the Sharing Economy Association
  • Early entrant and industry pioneer in minpaku business
  • Headquarters located in Jingumae, Shibuya-ku, Tokyo
  • Unique business model fusing technology and sharing
  • Market expansion via event community services
  • Revolutionary platform enabling easy renting and lending of diverse spaces
  • Increasing trend in app-based users year over year

Hidden Connections

  • Involved in founding Sharing Economy Association and closely collaborates with multiple other ventures
  • Partners with local governments to support regional revitalization events
  • Strengthened business partnerships with related operators through multiple M&A deals
  • Technological prowess demonstrated by Good Design Award for mobile app design
  • Shares legal compliance know-how from minpaku business within the industry
  • Expanded transactions with major companies via corporate management service development
  • Long-term contracts with event planning companies support customer base strengthening
  • In-house tech mission serving as model case for other companies nationwide

Future Outlook

Growth Drivers

  • Increasing demand with sharing economy expansion
  • Expansion of rental workspaces due to rising remote work needs
  • Growth in corporate event and workspace usage
  • Improved convenience and efficiency through technology adoption
  • Market penetration among youth and in local areas
  • Active investments in new business areas
  • Business portfolio expansion via M&A
  • Growth in online event market
  • Sustainable business model addressing environmental and social issues
  • Service diversification through strengthened partner collaborations
  • Precise customer need grasp via data utilization
  • Promotion of IT adoption in event-related industries

Strategic Goals

  • Maintain position as Japan's largest space sharing platform
  • Achieve over 50% revenue ratio from corporate services
  • Launch services in overseas markets
  • Introduce and disclose internal sustainability metrics
  • Triple annual usage volume
  • Triple technology investment amount
  • Further expand diverse space categories
  • Implement 50 regional collaboration projects annually
  • Maintain user satisfaction above 90%
  • Strengthen support for diverse workstyles

Business Segments

Corporate Event Spaces

Overview
Provides services to manage diverse corporate event spaces online and support reservations and operations.
Competitiveness
Large number of diverse property registrations and user-friendly reservation management system
Customers
  • Advertising Agencies
  • Event Planning Companies
  • Corporate PR Departments
  • Trade Show Operators
  • Marketing Firms
  • Educational Institutions
  • Non-profits
  • IT Companies
  • Startups
  • Creative Agencies
  • Local Governments
  • Chambers of Commerce
Products
  • Rental Meeting Rooms
  • Exhibition Venue Rentals
  • Corporate Event Space Reservation System
  • Conference Rooms
  • Seminar Rooms
  • Workshop Spaces
  • Sales Kickoff Venues
  • Press Conference Venues
  • Coworking Spaces
  • India Event Spaces
  • Promotion Spaces
  • Online Reservation Management System

Corporate Workspace Provision

Overview
Offers and manages diverse workspaces to support corporate working environments.
Competitiveness
Customizable flat-rate services tailored to corporate needs
Customers
  • Telework-Adopting Companies
  • Startup Companies
  • Freelancers
  • Small and Medium Enterprises
  • Design Offices
  • IT Ventures
  • Sales Teams
  • Consulting Firms
  • Creators
  • Remote Companies
Products
  • Coworking Space Reservations
  • Private Office Rentals
  • Meeting Room Management System
  • Corporate Flat-Rate Plans
  • Facility Management Support
  • High-Speed Wi-Fi
  • Equipment Rentals
  • Online Reservations and Payments

Event Community Services

Overview
Supports community activation through diverse event support services.
Competitiveness
Ease of use through platform integrations
Customers
  • Event Organizers
  • Community Operators
  • Cultural Groups
  • Hobby Groups
  • Regional Revitalization Groups
Products
  • Event Planning Support Tools
  • Participant Management System
  • Online Event Promotion
  • Event Space Integration
  • Community Forum Provision

Space Owner Management Services

Overview
Provides online management services to maximize revenue for space owners.
Competitiveness
Optimal proposal system based on revenue data
Customers
  • Minpaku Operators
  • Individual Owners
  • Real Estate Management Companies
  • Property Management Companies
Products
  • Reservation Management System
  • Revenue Optimization Support
  • Property Listing Promotion
  • Pricing Advice

Corporate Marketing Support

Overview
Provides event spaces and marketing support to enhance corporate brand value.
Competitiveness
Diverse spaces matched to event characteristics
Customers
  • Advertising Agencies
  • Brand Companies
  • Marketing Planning Companies
Products
  • Promotion Event Spaces
  • Brand Experience Venue Rentals
  • Digital Marketing Integration

Technology Platform Services

Overview
Provides Space Market's technology infrastructure externally to support system development.
Competitiveness
High-performance search and reservation algorithms with API integration
Customers
  • System Development Companies
  • Product Managers
  • Data Analytics Companies
Products
  • Online Reservation System API
  • Space Search Algorithm
  • Data Management Platform

Corporate Event Setup and Operation Support

Overview
Offers comprehensive support services from setup to operation of corporate events.
Competitiveness
Extensive on-site experience and networks
Customers
  • Event Companies
  • Trade Show Operators
  • Advertising Agencies
  • Entertainment Businesses
Products
  • Venue Setup Management
  • Progress Management Support
  • Staff Dispatch
  • Safety Management Services

Educational Institution Space Services

Overview
Provides spaces to facilitate use of educational facilities.
Competitiveness
Flexible responses tailored to educational site needs
Customers
  • Universities
  • Vocational Schools
  • Education Boards
  • Cram Schools
Products
  • Training Room Rentals
  • Lecture Venue Provision
  • On-Campus Facility Reservation Management

Local Government and Public Facility Operation Support

Overview
Provides operation and planning services to support facility utilization by local governments.
Competitiveness
Reliable operations considering public interest
Customers
  • Local Governments
  • Public Facility Managers
  • Regional Revitalization Groups
Products
  • Public Space Management System
  • Event Planning Support
  • Regional Exchange Promotion Services

Creator Support Services

Overview
Provides spaces and equipment specialized for creative uses.
Competitiveness
High-quality equipment meeting specialized needs
Customers
  • Video Production Companies
  • Artists
  • Event Producers
Products
  • Photo Studio Rentals
  • Equipment Rentals
  • Event Space Provision

Logistics Industry Space Provision

Overview
Provides spaces to improve efficiency in logistics-related operations.
Competitiveness
Flexible term rentals and diverse location conditions
Customers
  • Warehouse Management Companies
  • Logistics Companies
  • Delivery Companies
Products
  • Temporary Storage Warehouse Spaces
  • Loading Dock Provision
  • Logistics Event Spaces

Food and Beverage Event and Space Services

Overview
Supports new sales promotions and events in the food and beverage sector with space services.
Competitiveness
Industry-specific needs understanding and planning capabilities
Customers
  • Restaurant Operators
  • Food Manufacturers
  • Food Event Organizers
Products
  • Pop-up Shop Spaces
  • Sampling Venue Rentals
  • Food Event Planning and Operations

Competitive Advantage

Strengths

  • Unique diverse space platform
  • Seamless online reservation system
  • Abundant user data and marketing capabilities
  • Secured growth funding through active fundraising
  • Diversified corporate services
  • Diverse local space registrations
  • Technology-focused tech mission promotion
  • High customer satisfaction and repeat rate
  • Convenience enhancement via mobile apps
  • Extensive partner network
  • Diverse service brand expansions
  • High-quality support system
  • Business expansion strategy via M&A
  • Sustainable business model development
  • Stable market share

Competitive Advantages

  • Differentiation through convenience of handling numerous properties
  • Service design optimized for both corporate and individual users
  • Intuitive UI and mobile app usability
  • Management system advancing automation via technology
  • Accelerated market expansion via M&A strategy
  • Brand power as a pioneer in sharing economy
  • Comprehensive space categories covering diverse uses
  • Security of online payment system
  • Business efficiency via corporate bulk management tools
  • Rapid service improvements based on customer needs
  • Strong relationships with local space owners
  • Flexible management strategies as a venture company
  • Strong collaborations with event planning companies
  • Reliability ensured by secure certification system
  • User community activation support

Threats

  • Strengthening regulations on sharing economy
  • Intensifying competition from major platforms
  • Demand reduction risks from infectious diseases like COVID-19
  • Local rental regulations and permitting issues
  • Risks of expanding legal constraints in minpaku market
  • Revenue pressure from competitors' price competition
  • Reputation damage from user data leaks
  • Corporate budget cuts due to economic downturn
  • Risks of lagging behind rapid technological changes
  • Rigidification of overly conservative existing management
  • Facility damage or unusability risks from natural disasters
  • Business impact from high platform dependency

Innovations

2023: New Tech Mission Established to Strengthen Technology Development

Overview
Promoting service improvements using AI and data analysis under the mission to 'continuously update the ordinary.'
Impact
Achieved improved customer convenience and operational efficiency

2022: Launch of Space Market EVENT Service

Overview
Launched a dedicated platform to activate event communities, strengthening customer acquisition and operations.
Impact
Contributed to increased event users

2021: Major Mobile App Update

Overview
Refreshed user interface and simplified reservation process to greatly improve usability.
Impact
Achieved 20% increase in users

2020: M&A Makes Three Operating Subsidiaries

Overview
Strategically acquired related companies to strengthen business foundation and service quality.
Impact
Promoted business expansion and operational efficiency

Sustainability

  • Promoting online contracts to reduce paper usage
  • Contributing to SDGs through regional community activation support
  • Proper management of usage spaces and strengthened safety standards
  • Internal initiatives for diversity respect and inclusion promotion
  • Support for developing sustainable event hosting models