Press Release

June 5, 2024
JAFCO Group Co., Ltd.

JAFCO Portfolio Company Astroscale Holdings Inc.
Completes Its IPO on the TSE Growth Market
JAFCO Group Co., Ltd. (Headquarters: Minato-ku, Tokyo; President & CEO: Keisuke Miyoshi)
hereby announces that Astroscale Holdings Inc. (Headquarters: Sumida-ku, Tokyo; CEO:
Mitsunobu Okada; hereafter referred to as “Astroscale Holdings”), a portfolio company of funds it
operates and manages (JAFCO SV4 Investment Limited Partnership; hereafter referred to as“JAFCO”), completed its IPO on the Growth Market of the Tokyo Stock Exchange on June 5, 2024.

Astroscale Holdings is the world’s first private sector company with a vision for securing the safe
and sustainable development of space for the benefit of future generations and is dedicated to onorbit servicing for artificial satellites. Since its inception in 2013, Astroscale Holdings has beendeveloping innovative and scalable solutions including life extension of satellites, in-space
situational awareness, end of life, and active debris removal, aiming to create sustainable spacesystems. The company successfully launched the debris removal satellite ELSA-d into orbit anddemonstrated core technologies required for debris removal, marking the first time a private sector
company has achieved this feat. Furthermore, in February 2024, the company succeeded inlaunching the commercial debris removal demonstration satellite ADRAS-J, taking a significant
step towards the realization of commercial debris removal.
JAFCO made a total of four investments, starting in 2015 shortly after the business began andfollowed by additional investments. CEO Okada is a rare entrepreneur who possesses not only astrong career, personality, and business execution ability, but also a grand vision and passion. Inaddition, we were convinced that if Astroscale Holdings succeeded in demonstrating the nonFor more information, please contact
pr@jafco.co.jp, JAFCO Group Co., Ltd.

Press Release

June 5, 2024
JAFCO Group Co., Ltd.

cooperative rendezvous technology necessary for the removal of space debris, it would become acore company in the space industry. These factors led JAFCO to make its first investment in a spacestartup. Even after investing, JAFCO was committed to realizing the vision as a team member ofAstroscale Holdings. JAFCO will continue to contribute to the realization of a sustainable society
by investing in bold visions that create new value.
<Astroscale Holdings’ IPO press release>https://astroscale.com/astroscale-listed-on-the-tokyo-stock-exchange-growth-market/<Astroscale Holdings’ IR website>
https://www.astroscale.com/ir/jp/ (English version will be available from June 13)
About JAFCO Group Co., Ltd.
Since its founding in 1973, JAFCO has always worked with leading entrepreneurs. The total capitalcommitments of its investment funds to date in Japan and overseas have exceeded 1 trillion yenand the number of portfolio IPOs to date has surpassed 1,000. In addition to venture investment,
JAFCO also carries out buyout investment and is committed to the creations of innovativetechnologies and services worldwide, guided by its Purpose of “Fueling perpetual growth;
investing in bold visions.” As the closest partner of entrepreneurs in bringing their visions to life,
JAFCO provides support in areas of HR, marketing, sales, and back-office operations.
Company name

JAFCO Group Co., Ltd.

President & CEO

Keisuke MiyoshiHeadquarters

24F Toranomon Hills Mori Tower, 1-23-1 Toranomon, Minato-ku, Tokyo

Establishment

April 5, 1973

Capital stock

33,251 million yen

Stock exchange market

Prime Market, Tokyo Stock Exchange

Employees

159 (consolidated) as of end of March 2024

For more information, please contact
pr@jafco.co.jp, JAFCO Group Co., Ltd.