Notice regarding stock acquisition of Denen Co., Ltd. (making it a subsidiary)

SB Technology Corp. (President ＆ CEO: Chikaichi Ata, Headquarters: Shinjuku-ku, Tokyo, Listed on the First Section of the Tokyo Stock Exchange: Code number 4726, hereinafter "SBT") announced today that Crowdworks Co., Ltd. (President and CEO: Yoshida Koichiro acquired the shares of Denen Co., Ltd. (Representative Director and President: Toshio Kato, headquarters: Shinagawa-ku, Tokyo, hereinafter referred to as "Denensha") owned by Koichiro, head office: Shibuya-ku, Tokyo, hereinafter referred to as "Crowdworks" (subsidiary company). We would like to inform you that we have decided to do so. Furthermore, Denensha's subsidiary is also scheduled to become a subsidiary of the Company.

Record

1. Reason for stock acquisition
Our group's management policy is to "grow significantly," and we are promoting the third medium-term management plan (from the fiscal year ending March 2020 to the fiscal year ending March 2022). We aim to contribute to our customers' businesses by realizing the key themes of our third medium-term business plan: ``evolving into a service provider'' and ``creating consulting and business IT.''
Our company leverages SoftBank Corp. 's IT support and cloud and security technical capabilities to undertake numerous projects for corporations, government offices, and local governments, mainly in the construction and global manufacturing industries.
Since its founding, Denensha has been engaged in the development of various systems mainly for telecommunications and local governments, and has strengths in knowledge and technical capabilities in these industries.
In the telecommunications industry and local governments, where both companies have strengths, we expect that demand for development utilizing cutting-edge technologies such as cloud and IoT will increase in the areas of 5G and digital government. We believe that this will strengthen our ability to respond to expanding needs.
Through this stock acquisition, our group will aim to create synergies between the two companies by combining the strengths of both companies in order to expand our business, further strengthening our earnings base and increasing our corporate value.

2. Overview of the subsidiary to be transferred (Denensha)

3． Overview of the partner for stock acquisition

4. Number of acquired shares, acquisition amount, and status of owned shares before and after acquisition

Five. schedule

6. Future outlook
As a result of this stock acquisition, the company will become a consolidated subsidiary of the Company and will be reflected in consolidated results from the second quarter of the fiscal year ending March 2021. Although we currently judge that the impact of this stock acquisition on our consolidated business performance forecast for the fiscal year ending March 2021 is minor, we believe that it will greatly contribute to improving our group's business performance in the medium to long term. I am.

[Reference] Overview of Denen Co., Ltd. 's subsidiaries

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