Business Alliance with Mizuho Capital and Conversion into an Equity-Method Affiliate

「Through the corporate venture capital fund Mirai Souzou Investment Limited Liability Partnership, the Company invested in companies developing DX business robots and companies providing remote support services for autonomous robots, among other initiatives, and is pursuing new businesses through collaboration and cooperation with business partners beyond the framework of its existing businesses.」

「As another initiative to enter new business areas, we reached a basic agreement with TRE HOLDINGS CORPORATION on building a business framework for a circular economy, with the aim of realizing an “advanced circular society” and a “decarbonized society.” We also established 未来創造キャピタル㈱ to participate in the corporate venture capital business and, through collaboration with みずほキャピタル㈱, which became an equity-method affiliate, are promoting investments in startup companies and business collaboration.」

「On 24 May 2021, we entered into a business alliance agreement with みずほキャピタル㈱ and acquired 2,709 common shares, representing a 15.01% voting interest, with a view to making みずほキャピタル㈱ an equity-method affiliate. At an extraordinary general meeting of shareholders of みずほキャピタル㈱ held on 20 December 2021, the election of 1 director candidate nominated by us was approved. As a result, we made みずほキャピタル㈱ an equity-method affiliate.」