Expansion Strategy Driven by M&A and Investment Businesses

「Lower the priority of M&A and withdraw the ¥30.0 billion M&A allocation」

「In August 2025, we acquired shares in 株式会社Onwords and made it a subsidiary.」

「Lower the priority of M&A (reduce the M&A allocation from ¥30.0 billion to ¥13.0 billion)」

「In August 2025, we acquired shares in 株式会社Onwords and made it a subsidiary.」

「Revenue has increased as a result of making 株式会社fundbook, which operates an M&A advisory business, a wholly owned subsidiary in December 2024. We will continue working to create new value in the M&A advisory business for the succession of regional companies, which is important to regional revitalization, by using our group's DX expertise, customer base and relationships.」

「As announced on 14 August 2024, we made 東光コンピュータ・サービス株式会社 a wholly owned subsidiary and will promote the development of new businesses, including carbon credits.」

「In the NEW-IT Transformation Business, we continue to make growth investments centered on M&A and capital and business alliances. To expand into the cybersecurity field, which is essential for advancing DX, and further promote the restructuring of the cybersecurity industry, we entered into a capital and business alliance agreement with E-Guardian Inc. on 2 August 2023, conducted a tender offer for its shares and subscribed for a third-party allotment of shares, completing its conversion into a consolidated subsidiary on 11 October 2023. On 25 December 2023, we established サイリーグホールディングス株式会社, an intermediate holding company intended to serve as a core entity in the restructuring of the cybersecurity industry, and on 29 March 2024 completed the conversion of アイディルートコンサルティング株式会社, formerly デジタルアーツコンサルティング株式会社, into a consolidated subsidiary.」

「In addition, on 25 December 2023, we established サイリーグホールディングス株式会社, an intermediate holding company intended to serve as a core entity in the restructuring of the security industry. Today, 14 February 2024, we announced that デジタルアーツコンサルティング株式会社 would be made a consolidated subsidiary, with 29 March 2024 as the acquisition date.」

「To expand into the cybersecurity field, which is essential for advancing DX, we entered into a capital and business alliance agreement with E-Guardian Inc. on 2 August 2023, conducted a tender offer for its shares and subscribed for a third-party allotment of shares, making it a consolidated subsidiary on 11 October 2023.」

「Although the investment business and investment segment will be abolished, our policy of actively using M&A and capital and business alliances as effective means of business growth remains unchanged.」

「We have decided that focusing more on business investments that contribute to the development of the NEW-IT Transformation Business and the Public Tech Business through synergies with investee companies, rather than on the conventional investment business aimed at capital gains, will contribute to improving our group's corporate value. Accordingly, we are abolishing the investment business and the investment segment. Although the investment business and investment segment will be abolished, our policy of actively using M&A and capital and business alliances as effective means of business growth remains unchanged.」

「On 21 October 2022, we entered into a capital and business alliance agreement with 株式会社ガバナンステクノロジーズ, which has strengths in SaaS for government agencies. In addition, to strengthen marketing and sales for local governments, we entered into a capital and business alliance agreement with HOPE,INC. on 23 December 2022 and made it an equity-method affiliate on 10 January 2023.」

「In the NEW-IT Transformation Business, we continue to make growth investments related to M&A in general. On 1 August 2022, our subsidiary 株式会社ディジタルグロースアカデミア made ロゴスウェア株式会社, which provides an e-learning and live training-streaming platform, a subsidiary. On 4 November 2022, we entered into a capital and business alliance with learningBOX株式会社, which operates an e-learning learning management system. On 3 October 2022, we made 株式会社DFA Robotics a subsidiary.」

「On 1 August 2022, our subsidiary 株式会社ディジタルグロースアカデミア completed the M&A of ロゴスウェア株式会社, which provides an e-learning and live training-streaming platform. On 15 August 2022, we announced our M&A of DFA Robotics.」

「Our group announced its new medium-term management plan, "Digitize & Digitalize Japan (Phase2)," on 15 February 2021, identifying "Local" × "Social" × "Digital" as priority areas. To lead Japan's DX transformation, we entered into a capital and business alliance with SBIホールディングス株式会社 in March 2022, accelerated initiatives for regional revitalization, and accelerated growth investments in recruitment and training, the establishment of joint ventures, and preparations for M&A.」

「During the first-quarter consolidated accounting period, we invested in Writeup Co.,Ltd., which provides various DX services under the vision of "making every small and medium-sized enterprise nationwide profitable." During the third-quarter consolidated accounting period, we invested in 株式会社LisB, which provides DX support solutions, including the business chat service "direct," to strengthen the LoGo series and accelerate the rollout of services for local governments. During the fourth-quarter consolidated accounting period, we invested in PORT INC., which operates a business that digitizes matching between users and businesses in areas including employment, home renovation and finance, thereby supporting users' decision-making.」

「In the NEW-IT Transformation Business, the company advanced digitalisation projects for major companies and government agencies, while projects related to digital talent development accelerated following the start of sales in April 2021 by Digital Growth Academia Co., Ltd., established as a joint venture with KDDI Corporation, and the contribution of B-CAP Co., Ltd., acquired in March 2021, to performance increased.」

「The acquisition date of 株式会社ビーキャップ was 19 March 2021, and the voting interest acquired was 71.3%.」

「In the investment business, during the first-quarter consolidated accounting period, we invested in Writeup Co.,Ltd., and the share prices of our listed investees performed steadily.」

「In the investment business, during the third-quarter consolidated accounting period, we invested in 株式会社ビービット, which has exceptional strengths in UX design consulting. In addition, our investee Headwaters Co.,Ltd was listed on the Mothers market of the Tokyo Stock Exchange during the fourth-quarter consolidated accounting period.」

「In the investment business, during the third-quarter consolidated accounting period, we invested in 株式会社ビービット, which has exceptional strengths in UX design consulting.」

「During the six-month consolidated period under review, our group, consisting of our company and its affiliates, added 株式会社Orb as a subsidiary on 14 February 2020.」

「At a Board of Directors meeting held on 12 February 2020, our company and its consolidated subsidiary 株式会社トラストバンク resolved that 株式会社トラストバンク would acquire shares in 株式会社Orb and make it a subsidiary, as described below.」

「In the investment business, we sold our shares in GA technologies during the second-quarter consolidated accounting period and our shares in 株式会社識学 during the fourth-quarter consolidated accounting period. The additional shares acquired represented 10.1% of voting rights. The business synergy between 株式会社トラストバンク and our company is the most important factor in achieving our medium-term management plan, and we acquired additional shares in 株式会社トラストバンク to increase our level of involvement further.」

「The business synergy between 株式会社トラストバンク and our company is the most important factor in achieving our medium-term management plan. To increase our level of involvement further, the Board of Directors resolved to acquire additional shares in 株式会社トラストバンク.」

「In the investment business, we sold our shares in GA technologies during the second-quarter consolidated accounting period. We also sold shares in one investee during the current third-quarter consolidated accounting period.」

「In the investment business, we sold our shares in GA technologies, the second investment under the IPO Acceleration Program. In addition, 株式会社識学, the sixth investment under the IPO Acceleration Program, was listed on the Mothers market of the Tokyo Stock Exchange on 22 February 2019.」

「During the first-quarter consolidated accounting period, we completed the acquisition of shares on 30 November 2018 under the share transfer agreement executed on 28 November 2018 to acquire 60.11% of the total shares issued by 株式会社トラストバンク.」

「We launched the investment business as a new business and are investing in so-called later-stage companies, which have entered the preparation period for an IPO, in line with the IPO Acceleration Program.」

「Having determined that preparations are complete, we will now launch the investment business in earnest.」

「We also recognize that M&A is essential to the restructuring of Japan's information services and ICT industries, regardless of the size of the companies involved, and are establishing an M&A methodology and selecting candidates. We have also launched an IPO Acceleration Program and are working to increase corporate value for both parties through capital and business alliances with promising partner companies that will contribute to the expansion of the NEW-IT Transformation Business. We are working to make the M&A and investment business one of our growth drivers.」