Press Release

April 28, 2023
JAFCO Group Co., Ltd.

Notice Regarding Investment in idealive.inc by DISCO Inc. (Portfolio Company)
JAFCO Group Co., Ltd. (Headquarters: Minato-ku, Tokyo; Keisuke Miyoshi, President & CEO)hereby announces that DISCO Inc. (Headquarters: Bunkyo-ku, Tokyo; Masaro Niidome, President;
hereinafter referred to as "DISCO"), which is a portfolio company of a fund it operates and manages(JAFCO BO7 Investment Limited Partnership; hereinafter referred to as “JAFCO”), has invested
in idealive.inc (Headquarters: Osaka City, Osaka Prefecture; Takashi Matsushima, President;
hereinafter referred to as "idealive").

idealive is an application development company with a proven track record in creating various
application programs and provides “services that perfectly match the customer’s image plus
something extra” by solving clients’ problems and embodying their requests.
Staff members include young and mid-career engineers in their 20s to 40s who are capable ofhandling a broad range of domains, including smartphone to web / business applications, UI /UX
renewal, and replacement of old systems. Developing systems utilizing cloud platforms such as
AWS (Amazon Web Services) and GCP (Google Cloud Platform) is their strong area, allowing
quick delivery of quality services.
Their services are not limited to a development phase but encompass a broader range fromplanning and conception to proposal of concrete plans based on the feasibility and strategic
approach of a new project, realizing “the delivery of valuable information” which connects
companies and their users from the launch of a new project.

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

Press Release

April 28, 2023
JAFCO Group Co., Ltd.

idealive will aim to grow on an independent basis by providing services to their existing clientsand expanding sales of applications developed in-house as a new business, while pursuing synergywith DISCO.
DISCO will further accelerate development and improvement of web services including “Caritas
Job Hunting” in collaboration with idealive, which is strong in application development, to improvecustomer satisfaction and expand business.
JAFCO will work along with DISCO and idealive to improve not only their respective corporate
value but also the corporate value of the DISCO group as a whole by maximizing the synergy
between the two companies.
With the aim of realizing “services that perfectly match the customer’s image plus somethingextra,” idealive currently offers following businesses.
Application development
Devoting themselves as specialists in the trade to application development with a highdegree of usability regardless of kinds of OS or devices in a broad range of domains fromsmartphones to web /and business use.

UI/UX design with best usability and flexible development to meet requests from clients
utilizing Flutter language.

Support to launch new businessParticipating in new business projects from the phase of planning and making proposals
based on their feasibility and strategic approaches.

Taking advantage of its various experiences in application development, idealive works
along with clients to help them launch a new business as application development is often
requisite when launching new business.

Support to improve system source code of existing applicationsSupport to improve existing UI/UX for iOS, Android or web applications.

For existing systems, idealive improves maintenance and operation cost efficiency anddevelopment speed by re-designing system architecture and making changes on a language
and framework basis.

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

Press ReleaseApril 28, 2023
JAFCO Group Co., Ltd.

Support creating maintainable and sophisticated source code through improvement toexisting source code.

About idealive. inc
Company nameidealive.inc

Websitehttps://idealive.jp/ (Japanese only)

Establishment

October 2010

Location
Business
description

Ueroku Shinkosan Building 602, 5-2-11 Ue-honmachi, Tennoji-ku, OsakaCity, Osaka Prefecture
Application development in a broad range of domains, including
applications for smartphones and web and business uses to offer “services
that perfectly match the customer’s image plus something extra”

About DISCO Inc.
Company name

DISCO Inc.

Websitehttps://www.disc.co.jp/en/

Establishment

October 1973

Location

Iidabashi First Building 9F, 2-5-1 Koraku, Bunkyo-ku, Tokyo
Offers Caritas Job Hunting and Caritas College Prep services that supportBusinessthe recruitment of human resources for companies and educationaldescription

institutions. Also holds Career Forum, a job hunting event for international
students with a history of over 30 years, in major cities around the world.

About JAFCO Group Co., Ltd.
Company name

JAFCO Group Co., Ltd.

Websitehttpｓ://www.jafco.co.jp/english

Establishment

April 1973

Location

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

Business
description

Largest venture capital firm in Japan with over 1,000 portfolio IPOs. Also
has experiences of 20 years in buyout investment and over 30 years inoverseas venture investment.

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