Bengo4.com Inc. announced that at a meeting held on December 13, 2023, the Board of Directors passed a resolution on the borrowing of funds as follows. The Company aims to enhance corporate value over the medium to long term under its mission: "creating the next common sense with professional tech." One of its important strategies is building the Legal Brain, Japan's first proprietary large language model (LLM) specializing in law and using every piece of legal data as knowledge. Under this strategy, the Company is developing unprecedented legal services.

To facilitate the development of Legal Brain, the Company has decided to borrow funds from financial institutions. Lender: Mizuho Bank Ltd., The Bank of Yokohama Ltd.; Loan amount: JPY 1,950 million; Interest rate on the borrowing: Base rate + spread; Borrowing date: December 14, 2023; Borrowing period: 5 years; Repayment method: Equal repayment of principal; Security: Unsecured and non-guaranteed.