Yusuke Yokochi, Founder of G-Next, Appointed as CEO of Travel Standard Japan

It has been announced that Yusuke Yokochi, the founder and former CEO of G-Next, has been appointed as the CEO of Travel Standard Japan.

The appointment took effect on September 18, 2024, with the former CEO, Ikuo Kawajiri, resigning from his director position on the same date. Although Kawajiri’s information has been removed from the website, there is no mention of Yokochi.

Furthermore, on October 9, 2024, the company increased its capital by 250 million yen, bringing its total capital to 320 million yen. Following this, on December 26, the company reduced its capital by 50 million yen. The total number of issued shares increased by 50 million due to the capital increase. According to the financial results announcement for the fiscal year ending December 2023, the company recorded a net profit of 21.521 million yen. The retained earnings were at a deficit of 1.79 billion yen.

After graduating from Nihon University, Mr. Yokochi joined a game development company named Magic and founded G-Next in 2001. He developed a system specialized for customer service windows and successfully listed the company on the Tokyo Stock Exchange Mothers in March 2021. The company moved to the Growth Market in April 2022.

In May 2024, the board of directors of G-Next dismissed Mr. Yokochi as CEO due to irrational conduct of meetings and confusion in business execution, among other reasons. The company conducted an internal investigation regarding the suspicion of a breach of the duty of good management and revealed significant facts suspected of conflict of interest.

Travel Standard Japan was established in May 2011 by the former CEO, Mr. Kawajiri, who previously worked at Recruit and then joined Tabikobo. After serving as the Executive Officer in charge of Sales Promotion, he founded the company and later became a director of Tabikobo. Travel Standard Japan, along with Tabikobo, Miki Tourist (a subsidiary of H.I.S.), and Japan Holiday Travel, were involved in the fraudulent receipt of Go To Travel subsidies, led by the hotel operating company JHAT.