Sansan, Inc. (the “Company”) hereby announces that the Company resolved at the Board of Directors Meeting held on April 3, 2020, to acquire shares of SATORI, Inc. (“SATORI”) and make it an equity method affiliate.
Under the mission of “Turning encounters into innovation,” the Company is developing services tied to solving various issues that companies and business people face. Specifically, the Company operates the Sansan Business, which provides “Sansan,” a cloud-based business card management service that enables users to digitize business cards in order to visualize and share the networks between individuals as data, and the Eight Business, which operates “Eight”: Your Business Card Management App that incorporates a system of social networking services and changes business cards into a business network.
At present, the Company is working toward achieving further growth in the Sansan Business while monetizing the Eight Business with the aim of enhancing both its shareholder and corporate value over the medium- to long-term. At the same time, promoting the evolvement of “Sansan” platform by linking with external services and strengthening in-house development is among the Company’s key growth strategies.
Under the strategies, the Company will acquire shares of SATORI, which develops and sells marketing automation tools, and make it an equity method affiliate to increase the service value.
*Note: In millions of yen
This transaction will not have a significant impact to the Company’s consolidated financial results for this fiscal year. “Share of loss (or profit) of entities accounted for using equity method” with this transaction is expected to be included in the Company’s consolidation results from the next fiscal year (FY ending May 31, 2021).