14 Okinawa-based Companies and Funds Participate in Investment in CBcloud

CBcloud Co., Ltd. (Headquarters: Naha City, Okinawa; Representative Director and CEO: Ryuichi Matsumoto), which aims to create new value in the transportation industry through the use of IT, announced that as of March 31, it has received investments from 14 companies operating in Okinawa Prefecture. CBcloud, which moved its headquarters to Okinawa in 2024, has been strengthening recruitment within the prefecture for the purpose of business growth and contribution to Okinawa, and in particular, the number of employees has nearly tripled in the most recent year. In this context, as a company rooted in Okinawa, we will further strengthen cooperation with local companies to prevent the outflow of talented human resources, develop the regional economy, and work on solving social issues.

Participating Investment Companies (in Japanese alphabetical order) - Adplan Creates Co., Ltd. (Headquarters: Naha City; Representative Director: Noriyuki Nakamoto) - Okinawa Television Broadcasting Co., Ltd. (Headquarters: Naha City; President: Takeshi Ganaha) - The Okinawa Electric Power Company, Incorporated (Headquarters: Urasoe City; President: Satoshi Yokota) - Simba Holdings Co., Ltd. (Headquarters: Urasoe City; Chairman: Shigenobu Asato) - "Shinryo Fund (Shinryo No. 1 Investment Limited Partnership)" (Managed by: Four Seeds Co., Ltd.) - Takunan Honsha Co., Ltd. (Headquarters: Naha City; President: Noboru Kohatsu) - "BOR Venture Fund No. 2 (BOR Venture Fund No. 2 Investment Limited Partnership)" (Managed by: Ryukyu Capital Co., Ltd., The Bank of Ryukyus, Ltd.) - Yugafu Holdings Co., Ltd. (Headquarters: Nago City; President: Takako Maeda) - Ryubo Co., Ltd. (Headquarters: Naha City; President: Koichi Itokazu) - The Ryukyu Shimpo Co., Ltd. (Headquarters: Naha City; President: Hitoshi Fukuhara) - Ryukyu Broadcasting Corporation (Headquarters: Naha City; President: Kazuhiko Nakamura) - Ryuyaku Co., Ltd. (Headquarters: Urasoe City; President: Katsuya Higa) etc.

Background and Significance Since its opening in April 2020, the Okinawa base has played an important role in supporting the foundation of "PickGo," one of the largest delivery platforms in Japan. We have been actively recruiting excellent human resources, including local residents and those wishing to relocate (UI-turn). Initially, it was a two-department system consisting of operations and development, but with the relocation of the headquarters to Okinawa in October 2024, we expanded job categories to include marketing and corporate departments. As a result, the number of employees increased significantly from 21 at the end of 2021 to 91 at the end of 2025. In addition, the retention rate of engineers responsible for service planning, development, and improvement has maintained a high level.

CBcloud's service planning, development, and operation are all handled consistently in Okinawa, and the core of this effort is mostly local residents. We recognize the high potential of Okinawa's human resources and intend to further strengthen recruitment and training in the future. As an Okinawan company, by collaborating with local companies and maximizing the potential of Okinawa's talent, we will prevent the outflow of excellent human resources, serve as a receiver for UI-turns, and provide diverse working options. In addition to further business growth, we aim to contribute to the revitalization and development of the regional economy by working with local companies to solve economic challenges in Okinawa.

Future Initiatives and Outlook - Maximizing Human Potential and Job Creation: We will maximize the high potential of human resources in Okinawa Prefecture, provide various working options such as preventing the outflow of excellent human resources and serving as a receiver for UI-turns. We will accelerate the recruitment of excellent human resources especially in Okinawa and build an environment where they can grow more. - Creating Synergy through Corporate Collaboration: Utilizing the system development technology and know-how cultivated so far, we will contribute to the resolution of logistics issues and regional economic development through synergistic effects from collaboration with investing companies, such as considering land logistics problem solving and joint verification in the short term. - Fostering Innovation and Contributing to the Regional Economy: We will collaborate not only with private companies including investors but also with government and various stakeholders to strengthen initiatives for further growth as a startup, entrepreneur training, and fostering innovation in the prefecture.

About "PickGo" "PickGo" is one of Japan's largest delivery platforms that directly connects shippers and delivery partners. Approximately 70,000 light cargo vehicles, 40,000 motorcycles, and 3,400 general cargo companies are registered as delivery partners in "PickGo," making it possible to easily arrange vehicles via the web anywhere in the country 24/7. It achieves matching within as little as one minute and a vehicle dispatch rate of 96.5%. While stably responding to the diversifying delivery needs of shippers, we will build a sustainable delivery platform that creates a win-win situation for both parties by increasing the added value and productivity of transport companies and drivers and paying appropriate compensation.