UT : Notice Regarding Reorganization of the Group Companies and Corporate Name Change of a Consolidated Subsidiary

	September 27, 2021
Company name:	UT Group Co., Ltd.
Representative:	Yoichi Wakayama, President,
	Representative Director & CEO
(Securities code:	2146, TSE First Section)
For inquiries:	Takahito Yamada, Senior Executive
	Officer and Division Manager,
	General Affairs Division
TEL:	[phone]

Notice Regarding Reorganization of the Group Companies and Corporate Name Change of a Consolidated Subsidiary

The Board of Directors of UT Group Co., Ltd. resolved at a meeting held today to reorganize the group companies and to change the company name of its consolidated subsidiary. Since this reorganization is of among UT Group companies and its details are not required to be disclosed in a timely manner under the Securities Listing Regulations of the Tokyo Stock Exchange, Inc., disclosure matters and details have been partially omitted in this notice.

1. Purpose of reorganization of the group companies and corporate name change of a consolidated subsidiary

In order to expand its business scale under the fourth Medium-Term Management Plan (from fiscal 2021 ended March 2021 to fiscal 2025 ending March 2025), we have been promoting three growth strategies - the "One-stop strategy for major manufacturers," "Area platform strategy," and "Solution strategy" - and have been working to improve productivity toward achieving the target of 20-30 billion yen in EBITDA in the plan's final fiscal year.

As part of these efforts, the reorganization aims to improve profitability and strengthen the business base by establishing a structure that enables each company to make agile and efficient decisions in the "One-stop strategy for major manufacturers," "Area platform strategy," and by consolidating the UT Group's management resources. UT Community, one of the surviving companies, will accordingly change its corporate name.

This reorganization will integrate subsidiaries with common business characteristics to improve service quality and provide stable personnel to client companies. By integrating the sales organization and client base of subsidiaries, we will offer more diverse workplaces and opportunities to advance the careers of the increasingly diversifying job seekers and employees, according to their workstyle preferences (areas, industries, work hours, etc.)

Along with this reorganization, the UT Group will continue to improve corporate value by providing high- satisfaction services to both client companies and job seekers with the aim of "creating a 'diversity & inclusion' workstyle platform."

2. Outline of reorganization

1. UT Aim's Area Strategy Business, which is implementing the Area platform strategy, will be transferred to UT Community through an absorption-type split.
2. To promote the Area platform strategy, UT Community, as a surviving company, will carry out absorption-type merger of UTHP, Support System, Seekel Holdings, and Seekel. In addition, UT Community will change its name to UT Connect.
3. To promote the One-stop strategy for major manufacturing industries, UT Aim, as the surviving company, will carry out ab absorption-type merger with UT Pabec.

Outline of the Reorganization

3. Summary of the absorption-type split

(1) Schedule

Date of resolution by the Board of Directors (UT Group)	September 27, 2021
Planned implementation date (effective date)	April 1, 2022

1. Method

UT Aim will be the splitting company, and its Area Strategy Business will be transferred to UT Community, the succeeding company.

1. Outline of the companies involved

	Splitting Company	Succeeding Company
Name	UT Aim Co., Ltd.	UT Community Co., Ltd.
Address	1-11-15 Higashi Gotanda,	1-11-15 Higashi Gotanda,
Shinagawa-ku, Tokyo	Shinagawa-ku, Tokyo
	Nobuyuki Tsukui	Toshinori Migita
Name and title of	President and Representative	President and Representative
Director	Director
the representative
Tsutoshi Yamada
	Representative Director
Business	General manufacturing personnel	General manufacturing personnel
dispatch and outsourcing business	dispatch and outsourcing business
Capital	500 million yen	10 million yen
Established	April 14, 1995	January 28, 1998
Fiscal year	March 31	March 31
Major	UT Group Co., Ltd. (100%)	UT Group Co., Ltd. (100%)
shareholder
and ownership
percentage

4. Summary of the merger with UT Community as the surviving company

1. Schedule

Date of resolution by the Board of Directors (UT Group)	September 27, 2021
Planned Implementation Date (effective Date)	April 1, 2022

1. Method of merger

This is an absorption-type merger in which UT Community will be the surviving company and UTHP, Support System, and Seekel Holding, and Seekel will be the absorbed companies.

1. Outline of the companies involved in the merger

	UT Community	UTHP Co., Ltd.	Support System Co., Ltd.
Name	Co., Ltd.	(Absorbed company)	(Absorbed company)
	(Surviving company)
	1-11-15 Higashi	1-11-15 Higashi	2-1-23 Sonezakiishinchi,
Address	Gotanda, Shinagawa-ku,	Gotanda, Shinagawa-ku,	Kita-ku, Osaka City,
	Tokyo	Tokyo	Osaka Prefecture
Name and	Toshinori Migita	Okihiko Oguchi	Naoki Ito
title of the	President and	President and	President and
representative	Representative Director	Representative Director	Representative Director
	General	General	Labor dispatch,
Business	manufacturing	manufacturing	personnel placement,
personnel dispatch and	personnel dispatch and	outsourcing, and
	outsourcing business	outsourcing business	consulting business
Capital	10 million yen	30 million yen	80 million yen
Established	January 28, 1998	December 13, 2016	October 14, 1998
Fiscal year	March 31	March 31	March 31
Major	UT Group Co., Ltd.	UT Group Co., Ltd.	UT Group Co., Ltd.
shareholder	(100%)	(100%)	(100%)
and ownership
percentage
	Seekel Holdings Co.,	Seekel Co., Ltd.
Name	Ltd.	(Absorbed company)
(Absorbed company)
Address	733-1Senba-cho, Mito	733-1Senba-cho, Mito
City, Ibaraki Prefecture	City, Ibaraki Prefecture
Name and	Akira Watanabe	Akira Watanabe
title of the	President and	President and
representative	Representative Director	Representative Director
Business	Management	Personnel dispatch and
administration of Seekel	outsourcing business
	Co.
Capital	435 million yen	50 million yen
Established	January 8, 2019	October 1, 1991
Fiscal year	March 31	March 31
Major	UT Group Co., Ltd.	Seekel Holdings (100%)
shareholder	(100%)
and ownership
percentage

5. Corporate name change of a consolidated subsidiary (UT Community as the surviving company)

1. Outline of the consolidated subsidiary

Name	UT Community Co., Ltd.
Address	1-11-15 Higashi Gotanda, Shinagawa-ku, Tokyo
Name and title of the	Toshinori Migita
representative	President and Representative Director
Business	General manufacturing personnel dispatch and outsourcing business
Capital	10 million yen
Established	January 28, 1998
Fiscal year	March 31
Major shareholder and	UT Group Co., Ltd. (100%)
ownership percentage

1. Reason for the change

UT Community has decided to change its name to show its stance of deepening ties with the areas as a major business company which promotes the UT Group's Area platform strategy throughout Japan.

1. New corporate name UT Connect Co., Ltd.
2. Date of the corporate name change April 1, 2022

6. Summary of the merger with UT Aim as the surviving company

1. Schedule

Date of resolution by the Board of Directors (UT Group)	September 27, 2021
Planned Implementation Date (effective Date)	April 1, 2022

1. Method

This is an absorption-type merger in which UT Aim will be the surviving company and UT Pabec the absorbed company.