April 3, 2020
To whom it may concern:
Company name

Sansan, Inc.

Representative

Chikahiro Terada,
Representative Director & CEO(Code: 4443 TSE Mothers)

Contact

Muneyuki Hashimoto,Executive Officer, CFO

TEL+81-3-6758-0033

Notification regarding Share Acquisition of SATORI, Inc.
to Convert It into an Equity Method Affiliate
Sansan, Inc. (the “Company”) hereby announces that the Company resolved at the Board of Directors
Meeting held on April 3, 2020, to acquire shares of SATORI, Inc. (“SATORI”) and make it an equity methodaffiliate.
1. Reason for the Share Acquisition
Under the mission of “Turning encounters into innovation,” the Company is developing services tied tosolving various issues that companies and business people face. Specifically, the Company operates theSansan Business, which provides “Sansan,” a cloud-based business card management service thatenables users to digitize business cards in order to visualize and share the networks between individuals
as data, and the Eight Business, which operates “Eight”: Your Business Card Management App thatincorporates a system of social networking services and changes business cards into a business network.
At present, the Company is working toward achieving further growth in the Sansan Business whilemonetizing the Eight Business with the aim of enhancing both its shareholder and corporate value overthe medium- to long-term. At the same time, promoting the evolvement of “Sansan” platform by linking withexternal services and strengthening in-house development is among the Company’s key growth strategies.
Under the strategies, the Company will acquire shares of SATORI, which develops and sells marketing
automation tools, and make it an equity method affiliate to increase the service value.
2. Outline of the Company (SATORI) to Become an Equity Method Affiliate (As of April 3, 2020)(1)

Company Name

(2)

Head Office(3)

Representative

SATORI, Inc.
SHIBUYA CULTURAL CENTER OWADA 11F, 23-21 Sakuragaokacho, Shibuya-ku, Tokyo
Kosuke Ueyama
1Description of(4)Business

Development and sales of marketing automation tools(5)

Capital1,513 million yen(6)Founded

September 2015

(7)

Financial Position and Performance in the Past 3 Fiscal Years
Fiscal year ended

September 30, 2017

September 30, 2018

September 30, 2019

Net Assets

6233

1,059

Total Assets

1231081,155-78-129-197

Profit Attributable to Ownersof Parent*Note: In millions of yen

3. Acquisition Price, and Shares Held After the Acquisition

Due to a duty of confidentiality with related parties, the Company
is refraining from disclosing the acquisition price. However, the(1)Acquisition Costs

acquisition price was determined after discussions were held withthe parties involved in the acquisition and based on stock
valuation via an expert.

(2)

Number of Shares Held

46,646 shares

After the Transfer(number of voting rights: 46,646, ownership: 27.4%)

4. Schedule(1)Decision Date

April 3, 2020

(2)

Date of Execution of Share Acquisition

April 9, 2020 (planned)

5. Outlook
This transaction will not have a significant impact to the Company's consolidated financial results for thisfiscal year. “Share of loss (or profit) of entities accounted for using equity method” with this transaction isexpected to be included in the Company’s consolidation results from the next fiscal year (FY ending May
31, 2021).

2