ジャパンインベストメントアドバイザー（7172） – Notice of Establishment of JIA Kawano Consulting Co., Ltd.

January 25, 2022 Company Representative Contact TEL. Japan Investment Adviser Co., Ltd. Naoto Shiraiwa, President & CEO (TSE First Section, Stock Code: 7172) Board Director, Takeshi Sugimoto 81-3-6550-9307 Notice of Establishment of JIA Kawano Consulting Co., Ltd. Japan Investment Adviser Co., Ltd. (hereinafter referred to as “JIA”) has established “JIA Kawano Consulting Co., Ltd. (hereinafter referred to as ‘JIA Kawano Consulting’),” a joint subsidiary with Kawano Consul Co., Ltd. (headquartered in Chuo-ku, Osaka; Representative Director and President: Kazuyoshi Kawano; hereinafter referred to as “Kawano Consul”), as described below. １．Background of the Establishment of JIA Kawano Consulting ■Always be a company contributing to society by offering financial services Based on the management philosophy of “Always be a company contributing to society by offering financial services,” the JIA Group is engaged in the Operating Lease Business, the Renewable Energy Business, the Parts Out & Conversion Business, and other financial solution businesses (M&A Advisory Business, Insurance Agency Business, Private Equity Business, Financial Advisory Business, and Securities Business, etc.). JIA has established a joint venture with Kawano Consul, which has a track record in “consulting about business succession and capital policy” in order to improve the expertise in consulting about “business succession,” which is a current social issue. By utilizing the strengths and various solutions of the two companies, we will support the sustainable growth of enterprises managed by owners who need to conduct business succession in the near future. 2．Services provided by JIA Kawano Consulting ■Business succession consulting services combining expertise and diversity Kawano Consul has offered consulting services for business succession to over 4,000 companies since it was established in 2000 as a consulting firm specializing in business succession, and is highly evaluated by business owner-operators nationwide. In addition to direct consulting services for business succession, it operates “a training school for successors,” holds various seminars, and so on. Accordingly, it has accumulated a great deal of knowledge in solving corporate issues. We will hold joint seminars with Kawano Consul, to popularize our services and offer consulting services for business succession to clients who need such services. 1 In addition, the JIA Group offers a variety of advisory services listed below. Listing support business (general market, TOKYO PRO Market) Financial advisory business Recruitment Business M&A Advisory Business Insurance Agency Business We believe that this initiative will induce a synergy between the “expertise” and “diversity” of the two companies. With this synergy, we will support enterprises that need to conduct business succession in the near future with a wide array of unbiased approaches, so that client enterprises can complete business succession in an optimal way. 3. Overview of JIA Kawano Consulting Co., Ltd. （1）Company Name （2）Location of Office JIA Kawano Consulting Co., Ltd. Kasumigaseki Common Gate West Tower 21F （3）Name and title of representative （4）Description of Business （5）Capital paid （6）Establishment （7）Shareholder 4. Outline of the joint venture partner 3-2-1 Kasumigaseki, Chiyoda-ku, Tokyo Representative Director & President Kazuyoshi Kawano Consulting business regarding business succession and capital policy 10 million yen January 21, 2022 Japan Investment Adviser Co., Ltd. 60% Kawano Consul Co., Ltd 40% (1) Company Name Kawano Consul Co., Ltd (2) Homepage http://kawanokc.co.jp/ (3) Location of Office 1-16-13 Minamisenba, Chuo-ku, Osaka (4) Name and title of representative Representative Director & President Kazuyoshi Kawano (5) Description of Business Consulting business regarding business succession and capital policy (6) Capital paid (7) Establishment 50 million yen October 2, 2000 (8) Relationship with the Capital relationship Not applicable Company Personnel relationship Not applicable Business relationship Kawano Consul has concluded a business matching agreement with JIA Related Party Status Not applicable The impact of this matter on our group business performance for the fiscal year ending December 31, 2022 is minor, at this moment. 2 End 5．Future outlook Inquiries: PR/IR group TEL: 81-3-6550-9307