Notice of Business Succession Due to Company Split (Absorption-type Company Split) and the Completion of Stock Transfer to the Newly Established Company

In the announcement titled “Notice of Company Split (Absorption-type Company Split) and Stock Transfer to a New Company” on June 21, 2019, we announced that our businesses in the HR sector (HR series and HR Suite products) and related subsidiaries would be succeeded to our wholly owned subsidiary company, Works Human Intelligence Co., Ltd. due to the company split with the effective date of August 1, 2019. We also announced that we would transfer all issued shares of the new company to SPC (Special Purpose Company) in the possession of Bain Capital Private Equity, LP. (Follows WHI’s announcement) This business succession and share transfer have been completed today as planned.

Overview of the new company 

• Trade name: Works Human Intelligence Co., Ltd.
• Headquarters: Ark Mori Building 21st floor, 1-12-32 Akasaka, Minato-ku, Tokyo 
• Representative Director, Chief Executive Officer: Yoshiro Ishikawa
• Largest shareholder: BCJ-36 Co., Ltd. (A SPC in the possession of Bain Capital Private Equity, LP.)
• Business Activities: Development, sales and support of ERP package software, “HUE(R)” and “COMPANY(R)” (HR area) for major companies, and provision of HR related services
• Number of employees: 1,600 (non-consolidated)
• Phone: +81-3-5575-5277
• URL：https://www.works-hi.co.jp

Overview of Works Applications

• Trade name: Works Applications Co., Ltd.
• Headquarters: Ark Mori Building 19th floor, 1-12-32 Akasaka, Minato-ku, Tokyo
• Representative Director, Chief Executive Officer: Masayuki Makino
• Largest shareholder: ACA Investments Pte Ltd
• Business Activities: Development, sales, and support of ERP package software, “HUE(R)” and “COMPANY(R)” for big corporations. 
• Number of employees: 950 (non-consolidated)
• Phone: +81-3-6229-1200
• URL：https://www.worksap.co.jp

*Company names are trademarks or registered trademarks of each company. While “HUE” is our trademark or registered trademark and  “COMPANY” is a trademark or registered trademark of Works Human Intelligence Co., Ltd., but they are licensed to each other for a certain period of time. 

* The contents of this release are based on information available at the time of announcement and are subject to change without notice and the accuracy of the content is not guaranteed. In addition, please note that the actual results may be different because the information regarding the future outlook published in this announcement contains uncertainties.

Media Contact:

Works Applications Co., Ltd.
Kozuki
Phone: +81-3-3512-1400  FAX: +81-3-3512-1401  Email: pr@worksap.co.jp