June 1, 2017


Company: SOURCENEXT Corporation

Noriyuki Matsuda, President and CEO

(Code: 4344 Tokyo Stock Exchange 1st Section)

Contact: Administration Group

Fumihiko Aoyama, Managing Director

TEL: 03-6254-5231


SOURCENEXT Forms Business Alliance with Sygic a. s.

(Tokyo, Japan –June 1, 2017) SOURCENEXT Corporation announced today, that they have signed a contract to form a business alliance with Sygic a. s. (henceforth referred to as "Sygic"), the global leading development company based in Slovakia. Details of the business alliance as below:


1.      Background of Alliance

Sygic is the leading international provider of GPS navigation software and location based services. Company is providingmany popular apps such as Sygic GPS Navigation, the most advanced navigation in the world proven by 150 million users or "Family Locator", which keeps family secure and connected. They are a highly renowned company, who have also been selected as one of the "fastest growing IT companies in Central Europe)" by Deloitte Central Europe.

By taking the highly potential products developed by Sygic, SOURCENEXT aims to collaborate their knowledge and experience in the area of software planning / marketing / development, to bring forth even further growth and new business opportunities for both parties.


2.      Details of Business Alliance

SOURCENEXT will distribute the app, "Family Locator" developed by Sygic, in the Japanese region.


3.      Corporate Overview of Sygic

(1)    Corporate Name

Sygic a. s.

(2)    Office Location

Karadzicova 14 Bratislava 82108 Slovakia

(3)    Representatives

Michal Stencl CEO

(4)    Details of Business

Planning / Developing / Selling Smartphone apps

(5)    Capital


(6)    Founded


(7)    Relationship between Company and SOURCENEXT

Capital Relationship

No Capital Relationships with Company.

Personal Relationship

No Personal Relationships with Company.

Business Relationship

No Business Relationships with Company.

(8)   Operating Results and Financial Conditions of the Company from recent 3 Years

Fiscal Period

Fiscal Period ending March 2014

Fiscal Period ending March 2015

Fiscal Period ending March 2016

Net Assets


5,738,448 EUR

10,100,545 EUR

Total Assets

11,570,892 EUR


12,037,767 EUR


16,834,225 EUR



Operating Income


7,311,779 EUR


Ordinary Income

6,729,499 EUR

7,446,152 EUR

7,090,031 EUR


4.      Key Dates

(1)    Agency Decision for executing Partnership Agreement

June 1 2017

(2)    Contract Signing Date

June 1 2017

(3)    Begin Partnership

June 2017 (Expected Date)


5.      Future Forecasts

   Although SOURCENEXT see the financial impact from this partnership to be minimal for the Fiscal Year ending March 2018, they believe that in the long term, this partnership will lead to increased corporate value in the years to come. If any events or issues arise which may affect future business performances, SOURCENEXT shall promptly make notice of such.