What made us decide to get into an IPO process?
There are many things that we have done correctly so that the business has been growing steadily over the past decade. However, there have been some issues that have been hidden under our daily operation that could cause troubles in our future. How can we detect such issues? One of the solutions was to gain certifications from standard quality organizations such as ISO. So, we have been certified as ISMS last year.
When it comes to corporate governance, there are fewer certifying organizations for that. We have decided to begin the process of going public. From this process we will gain audits from both an auditing company and a security company to meet the requirements of the stock exchange market. The process should expose any issues that have been hidden. Going public requires us to govern ourselves transparently so that we cannot betray the stock holders.
We started the process late last year, after a thorough pre-auditing. These days, since so many companies want to go public, the difficulty lies in the process of getting an official auditing company. Luckily, our company was evaluated to be good enough to use our next fiscal year as the preceding period, which means we can skip one year of the preparation process. We passed the pre-audit. However, there were some areas to improve.
On the other hand, from our current financial condition, going public is not mandatory. I am sure that I could sustain this business maybe for the next decade. However, I started to doubt its continuation, since I don't know how long I could stay this healthy and enthusiastic. As I want e-Jan to last long, maybe for two hundred years, I need to make this company robust. So, we have decided to use the going-public-process as a method to make it so.
I know it is a rare occasion to experience your company going public. The same applies to me as a founder. Life is a matter of expanding the range of your experience, so I thought the process of going public by itself is something worth challenging. What do you think?