Leveraging Intellectual Property, Business Acquisitions and Strategic Alliances

「Effective 1 June 2026, we entered into a strategic business partnership with Pegasus Tech Ventures, Inc. and signed an agreement to join PEGASUS TECH VENTURES COMPANY XXXIII, L.P. (a corporate venture capital fund operated by the Pegasus Tech Ventures group as general partner) as a limited partner. Through investments in startups and other companies worldwide that contribute to the creation and development of the cybernetics industry, including the field of "HCPS-integrated cybernetics with physical AI," the fund aims to create new business opportunities for us and expand our business in global markets.」

「In December 2025, the company entered into a strategic MOU with Carnegie Mellon University in the United States, a world leader in AI and robotics research, to collaborate on research and education in the cybernics field, including the increasingly active global field combining biotechnology and medical sciences with AI, robotics and information sciences, and to accelerate the implementation of the company's existing and future products in society throughout the United States. The company is also collaborating with Pittsburgh's medical and healthcare ecosystem and preparing for joint activities.」

「In September 2021, the group entered into a strategic partnership with LeyLine and, in addition to developing the autonomous mobile robots and cybernic mobility described above, advanced the development of technologies to ensure driver safety in the elite athlete field, acquire and analyze brain, nerve and muscle information, and develop key components for EV motorcycles. The parties reached this agreement because it was expected to accelerate the group's mobility business and enhance corporate value.」

「This was mainly because, although the company recorded ¥320 million in distributions and redemptions to external investors in the CEJ Fund, it recorded ¥680 million in income from contributions by external investors to the CEJ Fund.」

「Net cash provided by financing activities in the first six months of the current consolidated fiscal year was ¥1,311 million, compared with ¥605 million in the same period of the previous year. This was mainly due to the recognition of ¥1,380 million in contributions from external investors to the CEJ Fund.」

「Through its wholly owned US subsidiary CYBERDYNE USA Inc., the company acquired 80% of the issued shares of RISE Healthcare Group,Inc. By having RISE Healthcare Group,Inc. oversee and manage RISE Physical Therapy,Inc., SoCal Elite Physical Therapy,Inc. and Tyler Physical Therapy,Inc., the company acquired control of the group and made it a consolidated subsidiary.」

「The acquisition was completed because adding 株式会社Ｃ２ to the group was expected to accelerate the group's healthcare business and enhance corporate value by linking the company's devices with 株式会社Ｃ２'s healthcare app, particularly by utilizing the user base of "熟睡アラーム."」

「The company has been developing alliances with providers of non-insurance-covered rehabilitation. Following its business alliance with 株式会社ワイズ (M3 Group), which operates "脳梗塞リハビリセンター," the largest provider of non-insurance-covered rehabilitation for stroke patients, it entered into a business alliance in July 2021 with ジェイ・ワークアウト株式会社, which operates J-Workout, a training gym specializing in patients with spinal cord injuries. Programs using HAL® to promote functional improvement of the brain, nervous system and muscles are now available at facilities operated by both companies nationwide and as "HAL® at Home."」

「In November 2020, the company entered into a business alliance with 株式会社ワイズ of the M3 Group, making dedicated programs using the HAL® single-joint and lower-back types available at the company's "脳梗塞リハビリセンター," the largest provider of non-insurance-covered rehabilitation during the maintenance phase of care.」

「In May 2020, the company began collaborating with Nippon Signal Company,Limited and is advancing the rollout of CL02 at transportation infrastructure facilities such as stations and station buildings. It also developed a multi-vendor-compatible elevator integration unit for automatically raising and lowering elevators, and began joint verification with 株式会社東急コミュニティー in August of the same year.」

「In August 2019, the company received an expression of support for the spread of cybernics treatment from M. Kula Segaran, Minister of Human Resources of Malaysia, and entered into a distributorship agreement with PERKESO, an entity under SOCSO, covering the Middle East, South Asia and Southeast Asia. In October 2019, it also entered into an MOU with the ALJ Group to promote the spread of cybernics treatment and is preparing to expand its sales channels in the Middle East.」

「Income from contributions by external investors to the CEJ Fund ¥680 million」

「In addition to business and capital alliances with startup companies possessing proprietary technologies, the company has operated the CEJ Fund (Cybernic Excellence Japan No. 1 Investment Limited Partnership) since July 2018 as a new industry infrastructure for supporting and nurturing startups, with the purpose of significantly accelerating the creation of a cybernics industry.」

「During the second quarter consolidated accounting period, the company and its consolidated subsidiary CEJキャピタル株式会社 established the Cybernic Excellence Japan No. 1 Investment Limited Partnership to support and nurture venture companies for the purpose of resolving social issues and creating a new cybernics industry. As a result, the number of consolidated subsidiaries increased by 1 from the second quarter consolidated accounting period. Consequently, the group consists of the company, 12 consolidated subsidiaries, and 2 equity-method affiliates.」

「The company has previously entered into business and capital alliances with startup companies possessing proprietary technologies. In July 2018, it established and began operating the CEJ Fund (Cybernic Excellence Japan No. 1 Investment Limited Partnership), a new industry infrastructure for supporting and nurturing startups, for the purpose of significantly accelerating the creation of a cybernics industry.」

「The company jointly established CEJキャピタル with グローバル・ブレイン株式会社 and みずほキャピタル株式会社, a subsidiary of みずほ銀行, for the purpose of significantly accelerating the resolution of social issues facing society and the creation of a new cybernics industry through support for innovation creation, business support and funding for venture companies, and has now decided to establish the CEJ Fund. The CEJ Fund will serve as a new industry infrastructure for bringing together people and companies seeking to develop the cybernics industry and promote related businesses, and for realizing a virtuous cycle of innovation by advancing, on a global basis and in an integrated manner, activities ranging from research and development of innovative technologies and devices through their implementation in society.」

「The company aims to drive new industrial and social transformation centered on cybernics to address the challenges of a super-aged society. In December 2017, together with みずほ銀行 and グローバル・ブレイン株式会社, it announced the launch of the "CEJ Fund" as a new industry infrastructure for supporting and nurturing venture companies. In December 2017, it established CEJキャピタル株式会社 and is currently preparing to establish the fund.」

「During the third quarter consolidated accounting period, the company established the joint venture CEJキャピタル株式会社 to plan and promote business, operational and capital collaboration aimed at creating a cybernics industry, including managing the CEJ Fund.」

「In October 2017, the company announced a capital investment in and business alliance with 株式会社志成データム, which has extensive expertise and experience in the design, development and manufacture of electronic blood pressure monitors and other medical equipment.」

「On 15 May 2017, the company announced a capital investment in and business alliance with 株式会社ワークスアプリケーションズ, a leading domestic company in ERP packages for large enterprises, and is advancing the joint development of next-generation systems using the company's cybernics technology. On 15 June 2017, it also announced a capital investment in and business alliance with 株式会社ミライセンス, a technology venture with 3D tactile and haptic technology, and is advancing the joint development of various innovative devices incorporating VR (virtual reality) experiential technology, while providing the company with various forms of business support.」

「The company also announced on 15 May 2017 that it had entered into a business and capital alliance, including a capital investment by the company, with 株式会社ワークスアプリケーションズ. The alliance involves joint development of next-generation systems using the company's cybernics technology toward the realization of Society 5.0.」

「The group recognizes that acquiring intellectual property such as patents, acquiring businesses, and forming joint ventures and strategic business alliances with companies in Japan and overseas are major priorities for accelerating the group's business development, and will continue to actively consider these options.」