Announcement of Capital Increase

Works Applications Co., Ltd. (Headquarters: Minato-ku, Tokyo; Representative Director, Chief Executive Officer: Masayuki Makino; hereinafter “WAP”) today announced the completion of financing and capital increase worth about 10.7 billion JPY as of June 29th based on the resolution of Board of Directors held on June 14th 2018, with the aim of developing the next-generation core business system and enforcing our marketing structure. All the new shares issued are common stocks and there is no significant change in the composition of major shareholders.

“COMPANY,” one of our flagship products, has been adopted by more than 1,300 corporate groups, and “AI WORKS,” our next-generation core business system, has achieved strong sales performance with more than 70 customers adopting the product since the release of its full version in January 2016. WAP will continue in our efforts to develop products that enhance our customers’ corporate value and strive to realize our corporate philosophy, “Taking Information Investment Efficiency to a Whole New Level.”


[About Works Applications Co., Ltd.]

Company name: Works Applications Co., Ltd.
Founded: July, 1996
Chief Executive Officer: Masayuki Makino
Paid-in Capital: JPY 11,491,186,175
Head Office: Ark Mori Bldg. 19F, 1-12-32 Akasaka, Minato-ku, Tokyo, JAPAN
Business Outline: Development, sales, and maintenance of the ERP package software "COMPANY" and "AI WORKS" for large enterprises
Corporate website: https://www.worksap.com/

Media Contact:

Works Applications
Toru Kajimura, Satoko Watanabe
Email: publicrelations@worksap.com

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