November. 24, 2021

Company

Japan Investment Adviser Co., Ltd.

Representative

Naoto Shiraiwa, President & CEO

(TSE First Section, Stock Code: 7172)

Contact

Board Director, Takeshi Sugimoto

TEL.

81-3-6550-9307

Notice of new investment for the private equity business

Heartcore Enterprise, Inc.

Japan Investment Adviser (JIA) Group launched the private equity business in August 2015, and has conducted investment for improving value through "JPE No.2 Co., Ltd.," a PE fund 100% invested by JIA, and so on.

This time, JIA Group have acquired the shares of Heartcore Enterprise, Inc. as a new investment target.

1Purpose of the investment

Heartcore Enterprise, Inc. is a holding company that owns Heartcore, Inc. (hereinafter called "Heartcore") as a subsidiary. As its core business, Heartcore develops, sells, and maintains a variety of solutions for supporting customer experience (CX) and digital transformation (DX) with mainly "HeartCore," a content management system, which boasts the largest domestic sales*1. Heartcore supports the creation of the best digital experience by utilizing the cutting-edge digital technology, in order to attain corporate website strategies and work-style reform.

JIA Group decided to acquire its shares for the purpose of helping the company expand its business to become a "global DX solution provider from Japan."

*1 Fuji Chimera Research Institute, Inc.: "New software business market in 2021," domestic performance and sales of apps/CMS packages in fiscal 2020 (in value terms)

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2Overview of Heartcore, Inc.

1Company Name

Heartcore, Inc.

2Location of Office

Shirakiji Bldg. 3F, 1-2-33,Higashi-gotanda,Shinagawa-ku, Tokyo,

3Name and title of

President Sumitaka Kanno

representative

4Description of Business

Development, sales, and maintenance of various solutions that

support digital transformation (DX)

■ Development, sales, and maintenance of CMS (content

management system) and CXM (customer experience management)

using digital marketing technology

■ Development, sales, and maintenance of RPA (robotics process

automation)

■ Sales and maintenance of process mining solutions "myInvenio"

and "Apromore"

■ Sales and maintenance of CONTROLIO, a task mining solution

■ Development, sales and maintenance of 3D-VR shooting

(Matterport) + original service "VR360"

5Founded

June 12. 2009

6URL

https://www.heartcore.co.jp/?version=en

3Future outlook

The impact of this matter on our group business performance for the fiscal year ending December 31, 2021 is minor, at this moment.

Inquiries: PR/IR group

TEL: 81-3-6550-9307

End

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Japan Investment Adviser Co. Ltd. published this content on 24 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 November 2021 03:19:07 UTC.