NEWS RELEASE
July 13, 2022
For Immediate Release
Japan Impact Investment II Limited Partnership

Impact Investment in Sukedachi, Inc.
Japan Impact Investment II Limited Partnership (hereinafter, "HATARAKU FUND") underwrote thethird-party allotment executed by Sukedachi, Inc. (Shibuya-ku, Tokyo, President and CEO: Yoichi
Wagatsuma, hereinafter, "Sukedachi").
Based on its mission to " Making Construction Sites to Attractive Workplaces," Sukedachi provides aplatform business specializing in the construction industry in order to solve the shortage of skilledconstruction workers (hereinafter referred to as "craftsmen") industry through "Job matching" and"recruitment".
HATARAKU FUND is the successor to Japan Impact Investment I Limited Partnership (commonlyknown as the Child-care Support Fund), which was established in January 2017 as the first impact
investment fund operated by a Japanese banking group and designed to make impact investment※1
into the domestic child-care-related business. Jointly managed by Japan Social Innovation andInvestment Foundation and the Shinsei Bank Group, with advisory from Mizuho Bank, Ltd., HATARAKU
FUND has received commitments from several institutional investors. We aim to support the growth ofinvestees’ businesses and expand social impact by investing in businesses related to child-care, eldercare, and new work styles.
The construction industry plays a major social role in developing social infrastructure and ensuringsafety and security. However, the aging process of the workforce is more accelerated than in otherindustries, and the ensuring and training of workforces to support the construction industry has become
an urgent issue. The Ministry of Land, Infrastructure, Transport and Tourism (MLIT) proceeds withinitiatives to improve the treatment of craftsmen, and Sukedachi co-works with this government's efforts.
HATARAKU FUND expects that the improvement in the treatment of craftsmen as well as more flexible
work styles’ enhancement through their business will lead to a reduction in the labor shortage in theindustry. Sukedachi is striving to create and expand awareness of various career models, and byspreading these examples to the industry's internal systems and public-private partnerships, we hope tohelp as many craftsmen as possible achieve the work styles they desire and help the construction industry
secure a stable supply of workforces. HATARAKU FUND makes this impact investment based on its
understanding that it is in line with the Theory of Change of the FUND, which is to "create diverse waysof working and living.
In addition, we also have discussed in-depth with the management team to introduce the “Impact
Measurement and Management” ※2 process, where Sukedachi measures and visualizes the social
impact from its business and utilizes the results to improve management processes and businessstrategies. Going forward, we will continue to support the development of Sukedachi’s social andeconomic value, while actively promoting the establishment of the impact investment ecosystem.
*1 Investments aiming to achieve both economic and social returns.
*2 Incorporate social impact measurement into management PDCA cycles and apply them to business management.

■ Summary of Sukedachi, Inc.
Name
Date established
Representative
Head officeBusiness
Description:::::

Sukedachi, Inc.
March 2017
Yoichi Wagatsuma, President and CEO
5F, Nikko Nampeidai Building,2-17, Nampeidaicho, Shibuya-ku, Tokyo
Platform Business Specializing in the Construction Industry■ Summary of the HATARAKU FUND
Name:

Date established
General partner(GP)::GP Member:

AdvisorFund PeriodInvestment
TargetURL::::

Japan Impact Investment II Limited Partnership(commonly referred to as "HATARAKU FUND")
June 28, 2019Japan Impact Investment II LLP
Shinsei Impact Investment Limited
Japan Social Innovation and Investment Foundation
Mizuho Bank, Ltd.
Investment period of 5 years, fund term of 10 years
Early to later stage companies operating child-care,nursing care, and new work-style-related businesses
https://hatarakufund.com/english/End