Press Release2022/07/13

Sukedachi Inc. Raises 1.85 Billion Yen in Funding Mainly From ESG andImpact Investors
Miwa Seki, Founding Partner of MPower Partners, Appointed as Outside
Director
Sukedachi Inc. (head office: Shibuya-ku, Tokyo; President and CEO: Yoichi Wagatsuma;
hereafter "we” or “Sukedachi") operates a service called “Sukedachi,” a matching platform
connecting construction professionals and construction companies. We are pleased to announce
that we have raised a total of 1.85 billion yen through a third-party allotment of new shares toMPower Partners Fund L.P., Japan Impact Investment No. 2 Limited Liability Partnership"Hataraku FUND," and other investors, including existing shareholders. The capital raised alsocomes from convertible bonds with stock acquisition rights and loans from several financial
institutions.
We are also pleased to announce that Ms. Miwa Seki, founding partner of MPower Partners,
has been appointed as a new outside director to help establish an ESG-conscious management
structure and strengthen governance.

- Purpose of the Financing
We have been working to alleviate labor shortages in the construction industry by providing ourcore services, including our "Sukedachi" matching service and the "Sukedachi Recruitment"
recruitment service designed for construction companies and construction professionals atconstruction sites. We have achieved rapid growth over the past year, increasing sales by 3.4
times and tripling the number of employees compared to the previous year.
In addition, more than 170,000 businesses are currently using Sukedachi to find new partners/
suppliers and hire employees. Sukedachi supports businesses expand and grow.
The funds raised in this round will be used for additional recruitment, training, and marketing
activities. We will continue to improve the functionality of Sukedachi and Sukedachi Recruitment
while taking on the challenge of becoming an indispensable service for all the parties involved in
the construction industry.

Press Release2022/07/13- The Sukedachi Vision for Solving Social Issues
Construction is a huge industry supporting Japan, with a market size of over 60 trillion yen andapproximately 5 million workers. However, its workforce is aging, so the number of construction
professionals is declining. In addition, because of the low labor distribution rate of construction
professionals to construction sites due to the industry's multi-layered subcontracting structure,
the level of compensation earned tends to be insufficient, and the number of workers entering theindustry continues to decline.
Our mission is "making construction sites desirable places to work." We aim to solve the twin
issues of the fragile economic foundation construction professionals face and management
instability at construction companies caused by labor shortages by creating a marketplace forconnecting businesses and construction professionals in the construction industry.
By obtaining information about a variety of clients through Sukedachi, construction
professionals can have the opportunity to find prime contractors who are a good fit for them. This
alleviates the income instability caused by the cycles of busy and slow periods and gives
professionals greater discretion in choosing their work environment. It also enables prime
contractors to significantly improve their bottom line by stably securing a large number of desired
personnel during peak periods when the workforce is in short supply, thereby increasing thenumber of projects companies can take on.
By working with various stakeholders in the construction industry, including businesses,construction professionals, and government officials, we are working to address structural issues
within the industry, thereby impacting Japanese society and achieving economic competitivenessthrough our unique business model.
- Investor Comments
MPower Partners Fund L.P.
Masatoshi Fukasawa, Partner
In Japan, approximately 5 million people are working as construction professionals in theconstruction industry. Sukedachi's mission and products utilize digital technology to make iteasier and more efficient for construction workers to work and update their work style andenvironment. We are pleased to invest in Sukedachi and share the company's mission andproducts. We are delighted to be involved with a growing game-changer company in a huge andimportant industry that will continue to support Japan's buildings and infrastructure into thefuture. From an ESG perspective, we also look forward to supporting Sukedachi as they continue
to make a positive impact.
Japan Impact Investment No. 2 Limited Liability Partnership "Hataraku FUND"
Sayaka Takatsuka, General Partner
We at the Hataraku FUND deeply identify with Sukedachi's business of providing construction
professionals with diverse work style options and job satisfaction, as we view the industry'sserious labor shortage and aging workforce as structural issues as the construction industry
supports Japan's infrastructure.
We are confident that Sukedachi Inc., as a company promoting change in the industry, cansolve human resource issues and grow its business while working closely with both construction
professionals and construction companies to address the issues they face.
As an impact investor, I will work with our management team to help visualize the social value
we create and promote sustainable management.

Press Release2022/07/13– About the New Outside Director Appointment
Career History: Miwa Seki, founding partner of MPower Partners
2021 – presentFounding partner, MPower Partners

2015 – 2022

Associate Professor, Kyorin University Faculty of Foreign
Languages

2000 – 2013

Founder and President, Mei Corporation Y.K.

2003 – 2007

Tokyo Branch Manager, Clay Finlay Investment Advisors

1999 – 2001

Principal, Clay Finlay Investment Advisors

1997 – 1999

Japanese Securities Analyst, Clay Finlay Investment
Advisors

1993 – 1997

Associate, Morgan Stanley (Investment Banking)1989 – 1991

Analyst, Smith Barney (Investment Banking)1988 – 1989

Public Relations Office, Dentsu Inc.

– Reason for Appointment
We appointed Ms. Seki to be a Director with the expectation that she will supervise ourcompany’s management taking advantage of the global knowledge and expertise she has gained
through her experience as a translator as well as her experience as an entrepreneur and working
in financial institutions. In addition, we expect she will contribute her opinions and makesuggestions from various perspectives as we promote ESG management.
– Comments by Miwa Seki, Our New Outside Director
I am inspired by Sukedachi's mission to make the construction industry, an important part ofthe infrastructure that supports society, a more attractive place to work, connecting skilledconstruction professionals with construction companies suffering from labor shortages. I lookforward to working together to help solve this major social issue. I am committed to creating
greater corporate value and making a social impact through ESG implementation and supporting
the expansion of the business.

Press Release2022/07/13– About Sukedachi Inc.
We provide the app Sukedachi, which connects construction professionals and construction
companies with the mission to "make construction sites desirable places to work." With morethan 170,000 businesses registered, we boast an overwhelming market share in the constructionindustry's matching domain. Sukedachi is a service that matches construction companies withconstruction professionals, enabling each to meet long-term business partners. In addition, ourservice Sukedachi Recruitment supports construction companies' recruitment by allowing
companies to post job ads and send scouting messages directly to construction professionals
using the app. In this way, Sukedachi helps resolve labor shortages both in terms of finding
suppliers and recruiting workers. In the future, we will continue to expand our services to help
solve all challenges faced by the construction industry.
Sukedachi Service Website: https://suke-dachi.jp/
Our Weekly Media "Weekly Sukedachi": https://media.suke-dachi.jp/– Company Overview
Company name: Sukedachi Inc.
Representative: Yoichi Wagatsuma, President and CEO
Location: Nikko Shibuya Nanpeidai Building 5th floor, 2-17 Nanpeidai-cho, Shibuya-ku, Tokyo
Founded: March 30, 2017Capital: 89,973,571 yen
Business description: Planning, creation, and operation of Internet-based services
URL: https://suke-dachi.jp/company/– Contact for inquiries regarding this press release
Sukedachi Inc.
Representative: Otsuka
Email: pr@suke-dachi.jp