We would like to inform you that our subsidiary, SHIFT Growth Capital Co., Ltd., has acquired shares (100% equity ratio) of Manage Business Co., Ltd., a group company (consolidated subsidiary) of SHIFT, which supports the creation of software services/products that sell well for our customers (Headquarters: Minato-ku, Tokyo; CEO: Dai Tange, hereinafter referred to as 'SHIFT'; Headquarters: Minato-ku, Tokyo, Representative Director: Taichi Hattori, hereinafter referred to as 'SGC'), which provides system infrastructure operation, system integration, digital business solution, and product development.
Announcements of individual stocks: Acquisition of shares in Management Business Co., Ltd.

SHIFT, a group company (consolidated subsidiary) of SHIFT that supports the creation of software services/products that sell well for our customers (Headquarters: Minato-ku, Tokyo; CEO: Dai Tange) through its subsidiary SHIFT Growth Capital Co., Ltd., has decided to acquire shares (100% equity ratio) of Manage Business Co., Ltd. (Headquarters: Ota-ku, Tokyo; CEO: Shigeru Himo, hereinafter referred to as 'Management Business') , which provides system infrastructure operation, system integration, digital business solution, and product development, and we would like to inform you of this decision.

1. Reason for share acquisition
Manage Business, which has joined the SHIFT Group this time, has a high level of technical strength, such as winning the IT Encouragement Award (Social Issues Solving Category) of the IT Award 2021 announced by the Japan Information Systems Users Association and receiving various external evaluations. We have been engaged in a wide range of businesses, not only having a wide range of customers including major companies, government agencies, research institutions, medical institutions and schools, but also providing commissioned development for medical institutions and schools. In particular, 'operation' is a job that is considered to be 'obvious without any mistakes', similar to software testing. We believe that it is a great strength that Manage Business has a strong track record in operation cases, which require a different disposition from 'development' of software. In addition, Manage Business has a stable customer base and a high operating rate because it has many continuous projects.

On the other hand, Manage Business is facing challenges in further recruiting top-notch engineers and expanding its business against the backdrop of the increasingly competitive hiring environment of recent years. By participating in the SHIFT Group, we aim to strengthen our service supply capabilities and expand our business, while utilizing the SHIFT Group's recruitment and sales capabilities. We will also work to strengthen our management and control system through collaboration with the SHIFT Group.

The SHIFT Group will welcome Manage Business, which has a wealth of experience in the 'from development to operation' field, and strengthen our service structure. Manage Business will not only work to strengthen its recruitment capabilities, but also participate in SHIFT Group's various projects and aim for further increase in unit price by acquiring new value propositions. The SHIFT Group will continue to work hard to further enhance the value of our service offerings and support our customers' creation of software services/products that sell well in a consistent manner.

For details, please refer tohere