News Release Dated June 30, 2023
Company: Japan System Techniques Co., Ltd.
Representative: Takeaki Hirabayashi, President and CEO
Stock code: 4323, Tokyo Stock Exchange, Prime Market
Contact: Toshinori Hamada, General Manager ofGeneral Affairs Department
Tel: +81-6-4560-1000(Corrections) Information Concerning Controlling Shareholder, etc.
Japan System Techniques Co., Ltd. (JAST) has made the following partial corrections to “Information
Concerning Controlling Shareholder, etc.” announced on June 28, 2023.
Sections that have been corrected are underlined.
(Before corrections)
1. Name, etc. of parent company, controlling shareholder (excluding parent company), or other affiliatedcompany(As of March 31, 2023)
Percentage of voting rights
Market where shares
NameCategory
Directly
Indirectly
are listed or tradedTotal
heldheld
Other affiliated
JUST Co., Ltd.
23.37
23.37
company
2. Positioning of listed company in parent company, etc. or other corporate group and relationships of otherlisted company with parent company, etc.
As JUST Co., Ltd. is the largest shareholder of JAST, holding 23.37% of the voting rights it falls under
the category of "other affiliated company.”
JUST Co., Ltd.’s main business is real estate management. It has no business dealings with JAST.
Even though the president and CEO of JUST Co., Ltd. concurrently serves as the JAST’s president andCEO, JUST Co., Ltd. does not impose any restraints on the JAST’s business activities or management
decisions. JAST also recognizes that a certain degree of independence is ensured.
(Concurrent directors and corporate auditors)
Position

Name

Position in parent
company, etc. or its
group companies

President and CEO

Takeaki Hirabayashi

Representative Director

3. Information concerning transactions with the controlling shareholder, etc.
Not applicable.

1

Reason for theappointment
Founder of JAST andparent company, etc.

(After corrections)
1. Name, etc. of parent company, controlling shareholder (excluding parent company), or other affiliatedcompanies(As of March 31, 2023)
Percentage of voting rights
Market where shares
Name
Category
Directly
Indirectly
are listed or tradedTotal
heldheld
Other affiliated
JUST Co., Ltd.
23.37
23.37
company
MIRI Capital
Other affiliatedManagement
21.15
21.15
company
LLC
2. If there is more than one parent company, etc., name of the company with the greatest influence on JASTand the reason
Name

Reason this company has the greatest influence on JASTJUST Co., Ltd. JUST is the largest shareholder of JAST.
3. Positioning of listed company in parent company, etc. or other corporate group and relationships of otherlisted company with parent company, etc.
As JUST Co., Ltd. is the largest shareholder of JAST, holding 23.37% of the voting rights it falls under
the category of "other affiliated company.”
JUST Co., Ltd.’s main business is real estate management. It has no business dealings with JAST.
Even though the president and CEO of JUST Co., Ltd. concurrently serves as the JAST’s president andCEO, JUST Co., Ltd. does not impose any restraints on the JAST’s business activities or management
decisions. JAST also recognizes that a certain degree of independence is ensured.
(Concurrent directors and corporate auditors)
Position

Name

Position in parentcompany, etc. or its
group companies

President and CEO

Takeaki Hirabayashi

Representative Director

Reason for theappointment
Founder of JAST andparent company, etc.

Although MIRI Capital Management LLC holds 21.15% of the voting rights of JAST and is classified as
an “other affiliated company,” this company is not the largest shareholder of JAST.
MIRI Capital Management is engaged in the investment advisory business and has no business transactions
with JAST. As a result, JAST believes this company is independent of JAST to some degree.
4. Information concerning transactions with the controlling shareholder, etc.
Not applicable.

2