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April 19, 2022

To whom it may concern:

Company name: S-Pool, Inc. Representative: Sohei Urakami,

Chairman and CEO

(Code: 2471, 1st section of TSE)

Contact: Naoshi Arai,

President's office

Phone: +81-(0)3-6859-5599

Notice on Issuance of a Sponsored Research Report

S-Pool, Inc. (hereafter "the Company") decided to commission a sponsored research report in English to improve communication with overseas investors and promote better understanding of the Company.

The research report was written by Nippon Investment Bespoke Research UK Ltd (www.nippon-ibr.com),anindependent research boutique specialized in the Japanese equities based in London, UK, but does not carry any investment recommendation. The report is solely prepared based on publicly available information and explains our business model, the past earnings trend and guidance and medium/long-term management vision in a style and supports our investor relations activities to foreign investors. In recent years, there are few English analyst report coverage on our company, therefore, the report was first written in English followed by a summary Japanese version. The report can be accessed by clicking the link below.

View the report

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Disclaimer

S-Pool Inc. published this content on 19 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 April 2022 06:43:06 UTC.