June 30, 2022
Company name:

Meiko Network Japan Co., Ltd.

Representative:

Kazuhito Yamashita,
President & Representative Director

Stock code:

4668 (TSE Prime)

Contact:

Kouyuki Sakamoto, Executive Officer,
General Manager of Corporate Planning
Department
Tel. +81-3-5860-2111

Notice Concerning Establishment of Subsidiary
At the Board of Directors' meeting held on June 30, 2022, the Company resolved to establish a subsidiary. Details
are as follows.
1. Reason for establishment of subsidiary
The Company has established two Management Philosophy: "We aim to nurture human resources through ourcontribution to educational and cultural programs" and "We help achieve goals through our development anddiffusion of franchise know-how". We also have an Educational Philosophy: "To nurture creative, independentlyminded human resources for 21st century society through an individual tutoring service that promotes selfmotivated learning". Since the Company's foundation, the Company has cherished these principles and has worked
to directly run the "Meiko Gijuku", based on "self-motivated learning" and "individual tutoring", and to expand
its franchise system nationwide.
While inheriting this "founding spirit", we will respond to rapid changes in the social environment and create abusiness to provide valuable services that anticipate the needs of the times, starting from the Company's Purpose:"Create a memory of "You Can if You Think You Can"". We aim to grow into a "corporate group that extracts
the potential in people".
On the other hand, amid the remarkable evolution of digital technology in the VUCA era and the promotion of"Digital Transformation (DX)" in various fields, the Company has been working on DX for information systems,marketing, and operational operations to utilize new digital technologies and promote the business transformationof its data-driven cram school operations. Particularly, in marketing operations we have built new and continuousrelationships with customers based on attribute and behavioral data and promoted efficient digital marketing.
In the future, as the communication and behavior change of people will shift further to digital, we will establish"Go Good Co., Ltd." with the aim of realizing DX that creates exciting and delightful new experiences throughdigital communication in various fields such as education, working styles and regions, including the developmentof digital professional human resources and new businesses utilizing digital technology etc. in addition to digitalmarketing operations.
We have positioned DX as one of our most important strategies. While repeating the transformation, we will work

on "Education x Business," which uses digital power to create a memory of "You Can if You Think You Can."<Corporate Logo>

2. Outline of the subsidiary to be established
(1)

Name

Go Good Co., Ltd.

(2)

Location

7-20-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo, Japan(3)

Name and title ofrepresentative

Yasutada Taniguchi, Representative Director(4)Business

Marketing DX and Internet Advertising(5)

Share capital

10,000 thousand yen(6)Date of establishment

June 30, 2022

(7)

Investment ratio

100% by the Company(8)

CapitalIt will be established as a wholly owned subsidiary ofrelationship

the Company.

Relationship between theHuman

An Executive Officer of the Company concurrently

listed company and therelationshipserves as Representative Director of said subsidiary.

subsidiaryBusinessrelationship

The Company plans to conclude a consignment
agreement with the said company in the DX businessand digital marketing areas.

3. Schedule(1)

Date of resolution by the Board

June 30, 2022

(2)

Date of establishment

June 30, 2022

(3)

Commencement date of business

June 30, 2022

4. Future Outlook
The impact of this matter on the Company's consolidated financial results for the fiscal year ending August 2022
is expected to be minimal. However, the Company will promptly notify any matters that should be disclosed in
the future.