CLAS Secures Funding from Joyo Bank, Strengthening Collaboration with Regional Financial Institutions to Further Expand Circular Ecosystem

(CLAS Service Site: https://clas.style/)

CLAS, Inc. (Headquarters: Meguro-ku, Tokyo; President & CEO: Hirotake Kubo; hereinafter referred to as "CLAS"), which builds a circular ecosystem for interiors, is pleased to announce that it has secured funding through a loan agreement with Joyo Bank, Ltd. (Head Office: Mito City, Ibaraki Prefecture; President & CEO: Tetsuya Akino; hereinafter referred to as "Joyo Bank").

・Background and Purpose of Funding With the vision of "Making 'Living' Free and Light," CLAS operates a circular platform that repairs and cleans returned furniture and appliances for reuse. We have established a robust business model through the optimization of our proprietary DX and logistics infrastructure, coupled with thorough improvements in unit economics.

This funding was made possible by Joyo Bank's recognition of the social significance and future potential of our business. With this capital, we will further strengthen our "circular ecosystem" for durable consumer goods, primarily furniture and appliances, and actively expand our business to deliver our services to a wider range of customers across various regions.

We will continue to promote a circular economy that circulates resources by deepening our collaboration with regional financial institutions, contributing to waste reduction and the realization of a decarbonized society. ・Comments from Stakeholders ■ Mr. Toru Tagaya, General Manager, Structured Finance Department, Joyo Bank, Ltd. Under the vision of "Making 'Living' Free and Light," CLAS operates a circular platform for durable consumer goods, proposing "new ways of living" along with flexible interior usage and purchase experiences.

Through a full-scratch system that controls the value chain, initiatives in asset regeneration such as repair and cleaning, and the establishment of operations capable of handling a wide variety of products, CLAS balances profitability improvement with contributions to the realization of a circular society. We have highly evaluated CLAS's business model, its commitment to tackling societal challenges, and its execution capabilities, leading to this loan disbursement.

We are confident that CLAS's initiatives will lead to the realization of a sustainable circular society, and we will fully support its growth and contribute to solving social issues. ■ Mr. Taku Hara, Head of Strategic Finance, CLAS, Inc. <img src="https://prcdn.freetls.fastly.net/release_image/33987/293/33987-293-64a133ffa85ae521807130514c9a5e5a-675x675.jpg?width=1950&height=1350&quality=85%2C75&format=jpeg&a