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　(Headquarters: Chiyoda-ku, Tokyo; CEO: Osamu Hata; hereinafter referred to as "WAP") announced today that effective April 1, 2023 (scheduled), it will merge its wholly owned subsidiaries Works Applications Enterprise (hereinafter referred to as "WAPE") and Works Applications Systems, Inc. (WAPE) and Works Applications Systems Corporation (WAPS), effective April 1, 2023 (scheduled). By restarting as a unified WAP, we will shift to "aggressive" management and accelerate the speed of growth. After the merger, there will be no change in the products / Services offered by the WAP Group, or in the current contractual arrangements and support system with customers.

　Over the past several years, we have been flexibly transforming our management and business operations in response to changes in the environment and the characteristics and stage of development of each of our businesses. As a result, we have achieved steady results, including stabilization of the Group's financial base, a healthy profit structure, and a steady recovery in the reputation and trust of our customers. In addition to these circumstances, following the completion of the management buyout of Works Applications Frontier Corporation, a wholly owned subsidiary of WAP, which was announced on December 16, 2022, and after a renewed review based on the subsequent group structure, we have decided to reorganize the company to streamline organizational operations and improve efficiency. In light of the management buyout of Works Applications Frontier Inc.

　The merger of the two wholly owned subsidiaries by WAP is expected to further strengthen cooperation between business units and improve efficiency in the use of management capital. The combined WAP will create more surprises, excitement, and excitement than ever before with its technology, Products / Services to all stakeholders, including customers.

Notation

Trade name	Works Applications, Inc.
Head Office Location	Hanzomon PREX South 2F, 2-5-1 Kojimachi, Chiyoda-ku, Tokyo
Representative	Osamu Hata (Representative Director and Chief Executive Officer)
Our Business	Development, sales and support of ERP package software HUE AC, HUE Classic and Ariel series 　Development, sales and support of HUE Works Suite and HUE Works Suite DX Solutions Development, sales, and support of the HUE Works Suite and HUE Works Suite DX Solutions series of SaaS services 　SI service business including development outsourcing services 　IT consulting services business, including business improvement proposals 　Other professional services business
Phone number	03-3512-1400

About Works Applications Group

Since its establishment in 1996, Works Applications Group has been providing Products / Services mainly to major Japanese companies as Japan's first packaged software company for business applications. Based on the corporate philosophy of changing the concept of "work," making work more creative, increasing corporate productivity, and expanding corporate value, Works Applications Group aims for further development as a solution provider centered on ERP, to be a partner in promoting DX for small, medium, and start-up companies in addition to major corporations. We will continue to develop further as a solution provider with ERP at its core.

*Company names, product names and service names are trademarks or registered trademarks of their respective companies.
*The information in this release is current as of the date of publication, and is subject to change or withdrawal without notice. Please be aware that the forecasts and other forward-looking information in this release are based on uncertainties and may differ from actual results.