(Head office: Minato-ku, Tokyo; President and CEO: Daishi Fukudome; hereinafter "Change"), including a third-party allotment of new shares. learningBOX is pleased to announce that it has entered into a capital and business alliance agreement with Change, Inc.

Purpose of the Capital and Business Alliance

With a management philosophy of "changing the world with the power of EdTech," we are an EdTech startup that aims to create more educational opportunities not only in Japan but around the world. Our main business, "learningBOX", is focused on ease of use and low cost, and since its launch in 2016, it has been chosen by many individuals and companies, with 17,000 registered users and more than 800 paying subscribers (as of the end of July 2022). In July 2022, after 10 years since its establishment, the company changed its name to "learningBOX Corporation" to clarify its management policy of focusing on the learningBOX business and to accelerate its business growth.
As a SaaS product in the EdTech field, "learningBOX" has received a certain level of support for its functionality and convenience through continuous functional modifications since its service launch. We will continue to further promote our product development activities with the aim of becoming a "global platform for learning" to realize a society in which anyone can learn what they want to learn anytime, anywhere and as much as they want.
Through this capital and business alliance, we aim to realize Learning DX by mutually utilizing our technological capabilities in the education domain and Change's accumulated know-how in the digital education field, and we will continue to focus on expanding our development areas to provide opportunities for more people to grow into human resources who can compete in the DX era. We will continue to focus on expanding the scope of our development activities in order to realize Learning DX and provide more people with the opportunity to grow into human resources who can compete in the DX era.

Details of Capital and Business Alliance

(1) Details of the business alliance
Utilizing the e-learning platform of learningBOX, we will create a marketplace for Change's know-how on education for working professionals, and will make cross-selling proposals to each other in sales and marketing activities to acquire new customers and realize up-selling, etc.
(2) Details of capital alliance
LearningBOX will issue new common shares through a third-party allotment to Change as the underwriter.

Change Comments

Change Co.
Mr. Tomohiro Noda, Executive Officer in charge of Next Learning Experience

DX initiatives are gaining momentum in all kinds of organizations in Japan, including private companies and local governments, as they seek to improve their organizational productivity. In addition, it is becoming increasingly necessary for the people (human capital) of organizations to explore new ways of doing business and work, or in other words, to cultivate different capabilities.
Through this capital and business alliance, Learning DX will be realized by combining our company's (Change Inc.) long-cultivated know-how in educating working adults with learningBOX's technological expertise in the education domain. By forming a strong partnership, we hope to provide an opportunity for more people to grow into human resources capable of competing in the DX era.

Comments from the Company's Representative Director

learningBOX, Inc.
Representative Director Yoichiro Nishimura

Under our management philosophy of "changing the world with the power of EdTech," we have developed and provided e-learning systems based on the concept of "inexpensive and easy-to-use.
We are very pleased to be working together with Change Corporation, which has trained more than 1 million working adults. We have already been providing e-learning materials jointly with Change Corporation, and we are confident that we can continue to leverage our strengths to develop services that will help build an environment that will help realize a better society. We will create a future in which it is commonplace for anyone in the world to be able to freely learn what they want, whenever and wherever they want, for as long as they want.

CHANGE, Inc.
Change has a mission of "Change People, Change Business, Change Japan", and under the vision of "CHANGE Productivity", Change has established the NEW-IT Transformation Business, which supports the development of digital human resources, business process innovation and digitalization. Change is promoting and expanding its three core businesses: the NEW-IT Transformation Business, which supports the development of digital human resources and business process innovation and digitalization; the Investment Business, which creates new businesses and builds business models by investing in businesses that have synergistic effects with the NEW-IT Transformation Business; and the Public Tech Business, whose mission is to promote regional development through DX.
https://www.change-jp.com/

learningBOX, Inc.
Changing the world with the power of EdTech. With the philosophy of "changing the world with the power of EdTech," we develop and operate "learningBOX," a learning management system that focuses on ease of use and low cost, "QuizGenerator," a quiz and question creation tool that anyone can use for free, and "CardGenerator," memorization cards on the web that can be easily created from text. By using the power of EdTech to build a "global platform for learning" that pursues ease of use and low cost, we will contribute to the realization of a society in which anyone in the world can freely learn what they want, whenever and wherever they want, for as long as they want.
https://learningbox.co.jp/