We are pleased to announce that J-Step Holdings Co., Ltd. (“J-Step HD”), in which a fund (1) to which we provide investment-related services has made a capital investment, has entered into a capital alliance (the “Transaction”)with Takahashigumi Co., Ltd. (Head Office: Okazaki City, Aichi Prefecture; President: Mr. Tomio Takahashi; URL: https://www.takagumi.com/, “Takahashigumi”) and HB Co., Ltd. (Head Office: Okazaki City, Aichi Prefecture; President: Mr. Masanori Kobayashi; “HB”).

Founded in 1971, Takahashigumi and HB are among the largest scaffolding specialists in Aichi Prefecture, providing scaffolding construction and management services, as well as rental services for temporary construction materials. The companies have particular expertise in scaffolding for large-scale condominium renovations, factory maintenance, and bridge repair projects. Through this transaction, J-Step HD will expand its operations into the Tokai region. By sharing construction know-how among Takahashigumi, HB, and other J-Step HD group companies, the alliance aims to provide even higher-quality services to their clients.

While the demand for renovation and refurbishment of residential, commercial, and public buildings is expected to grow, the aging workforce of skilled craftsmen, who are the backbone of the industry, continues to progress. In light of this, the need for the efficient and high-quality services offered by each company is expected to increase significantly in the future.

J-Step HD will pursue a growth strategy through capital and business alliances with major local companies in the same industry nationwide.

Additionally, J-STAR Co., Ltd. will support J-Step HD and its partner companies in optimizing operations and strengthening management systems, aiming for further growth alongside the current management teams while leveraging each company’s strengths.

(1) J-STAR Co., Ltd. provides investment-related services to J-STAR No.5-A, LP, etc. directly or via subsidiaries, such as due diligence and recommendation of investment opportunities, and target company management support.