August 17, 2022

Company

Japan Investment Adviser Co., Ltd.

Representative

Naoto Shiraiwa, President & CEO

(TSE Prime Market, Stock Code: 7172)

Contact

Board Director, Takeshi Sugimoto

TEL.

81-3-6550-9307

Notice of Regarding new investment for the Private Equity Investment Business

Terra Drone Corporation

Japan Investment Adviser (JIA) Group started the Private Equity Investment Business in August 2015, and has conducted investment for improving value through "JPE No.2 Co., Ltd.," a PE fund 100% invested by JIA, and so on. We have realized the IPOs of 4 companies so far. ()

This time, JIA Group invested in Terra Drone Corporation (hereinafter referred to as "Terra Drone"), as described below.

( Reference) Investee companies of JIA Group:https://www.jia-ltd.com/en/business/privateequity/

1Purpose of the investment

Terra Drone has business footholds, including Tokyo Head Office, throughout Japan, and develops products and offers solutions in the air mobility field, including drones and flying cars, outside Japan, mainly in Europe and Southeast Asia. In "Drone Manufacturers Ranking 2021*" of "Drone Industry Insights (DRONE II)," a global drone market research agency, Terra Drone was ranked second in the world as an industrial drone service provider. In the measurement field, it received over 2,000 orders for drone-based measurement and inspection from leading general contractors and construction consultants, showing a top-class record in the world. Furthermore, it is developing "UTM [Unmanned Traffic Management]" of drones and flying cars around the world, as the number of national governments that have adopted UTM is one of the largest in the world.

JIA Group agreed with Terra Drone's vision of "evolving the world from the sky," and decided to acquire its shares to support its business expansion.

* Taken from the press release of Terra Drone

2Overview of Terra Drone

1Company Name

Terra Drone Corporation

2Address

Daiichi Akatsuki Bldg. 5F, 1-19-9, Dogenzaka, Shibuya-ku, Tokyo

3Name and title of

CEO Toru Tokushige

representative

1

4Description of Business

1. Drone-based measurement and inspection services

2.Development and sale of software

3.Development and sale of hardware

4.Development of UTM (Unmanned Traffic Management)

5Establishment

February 2016

6Homepage

https://www.terra-drone.net/

3Future outlook

The impact of this matter on our group business performance for the fiscal year ending December 31, 2022 is minor, at this moment.

Inquiries: PR/IR group

TEL: 81-3-6550-9307

End

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Japan Investment Adviser Co. Ltd. published this content on 17 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 August 2022 07:13:32 UTC.