Mynavi Corporation (Head office: Chiyoda-ku Tokyo; Representative Director, President and Executive Officer: Yoshiaki Tsuchiya; hereinafter “Mynavi”)hereby announces that it has concluded a capital and business agreement with SBI Holdings, Inc. (Head office: Minato-ku, Tokyo; Representative Director, Chairman, President & CEO: Yoshitaka Kitao; hereinafter “SBI Holdings”) . The details are as follows.
1.Purpose of the capital and business alliance
SBI Holdings is advancing its “Open Alliance Strategy,” which materializes win-win relationships with numerous external companies across various industries. Through this Open Alliance, SBI Holdings is collaboratively building a framework with diverse partners to provide comprehensive services that cannot be achieved by a single entity alone, in order to meet various demands from customers.
With the purpose “to create a world that envisions the future by engaging individual potential,” Mynavi offers services that support users’ daily lives and experiences in a wide range of business fields, including job hunting, career change, further education, and lifestyle.
The two companies have deepened their cooperation through investments by Mynavi in the SBI Group’s venture capital fund, and now, the two companies have entered into a capital and business alliance agreement to further strengthen the cooperation between the SBI Group and the Mynavi Group and realize business synergies to further enhance the corporate value of both groups.
2.Details of the business alliance
(1) Expansion of profit opportunities by leveraging the networks of both groups
Expand profit opportunities for both parties through various means such as supporting Mynavi Group’s human resources business by leveraging SBI Group’s network of affiliated regional financial institutions and utilizing SBI Group’s financial and corporate networks as well as cooperation between media operated by Mynavi Group and SBI Group.
(2) Accelerating growth through collaboration and complementarity among subsidiary companies shared by both groups
Accelerate growth through collaboration and complementation between the various group companies of both groups that have related interests in the finance related and BPO (Business Process Outsourcing) areas, etc.
(3) Creating business opportunities through collaboration in new fields
Explore and promote the creation of new business opportunities through collaboration in areas such as data utilization, service integration, and Web3, in order to provide customers with higher value-added services. This includes utilizing SBI Group’s overseas network to support the realization of Mynavi Group’s overseas strategy.
3.Details of the capital alliance (investment)
SBI Group has acquired 10.59%* of Mynavi’s total number of shares issued.
*Percentage of shares held in relation to the total number of shares issued as of October 31, 2023.
4.Overview of each company
Company name |
SBI Holdings, Inc. |
Head office |
1-6-1 Roppongi, Minato-ku, Tokyo |
Representative |
Representative Director, Chairman, President & CEO, |
Business description |
Control and management of SBI Group through share ownership |
Paid in capital |
139,295 million yen (as of June 30, 2023) |
Date of establishment |
July 8, 1999 |
Company name |
Mynavi Corporation |
Head office |
1-1-1 Hitotsubashi, Chiyoda-ku, Tokyo |
Representative |
Representative Director, President and Executive Officer, Yoshiaki Tsuchiya |
Business description |
Human resources service and operation of information media, etc. |
Paid in capital |
2,102.1 million yen |
Date of establishment |
August 15, 1973 |