J.P. Morgan Continues Grant Support to Sodateage Net Launching “Youth Drive for Secure Jobs” Program

Sep 21, 2016

Press Release

Hong Kong – J.P. Morgan announces its continued partnership with Sodateage Net, a Japanese NPO committed to support young people’s economic independence, through a second grant from the JPMorgan Chase Foundation to launch an enhanced program, “Youth Drive for Secure jobs”.

Sodateage Net supports disadvantaged young people (age 15-39) to become economically independent, through a diverse range of employment support seminars, skill development workshops and career guidance. The NPO manages programs in collaboration with private companies and also with the Ministry of Labor and Welfare to run the “Youth Support Station Program”.

Earlier this year, Sodateage Net successfully completed a J.P. Morgan funded “Youth Drive” program. The program supported more than 1,200 unemployed young people and achieved close to 50% job placement rate.

This time, “Youth Drive for Secure Jobs” program is expected to reach out to 2,000 young people to get job through providing comprehensive support program including technical and soft skill training, job seminar, career consulting, company visits and internship.

“We are delighted to continue supporting Sodateage Net. Supporting socially isolated young people to become economically independent and socially responsible is extremely important and also beneficial to the community. Our employees will also be involving in some training session by contributing their expertise,” said Steve Rinoie, J.P. Morgan’s Senior Country Officer for Japan.

“Our mission is to support young people’s economic independence and connect them with the society. Ultimately we are aiming to create a society where all young people can be an active part of society by getting a job and continue working. We are delighted about the continued partnership with J.P. Morgan as it would enable us to reach out to a larger population of young people. We will look deeper into our labor market and try to close the gap between young people and society,” said Kei Kudo, founder and Director, Sodateage Net.

About JPMorgan Chase & Co.

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.4 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. The firm uses its global resources, expertise, insights and scale to address some of the most urgent challenges facing communities around the world including the need for increased economic opportunity. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com

About J.P. Morgan in Japan

In Japan, J.P. Morgan provides financial services through JPMorgan Securities Japan Co., Ltd., JPMorgan Chase Bank N.A., Tokyo Branch, and JPMorgan Asset Management (Japan) Limited. Services include investment banking, markets business such as fixed income, equities and foreign exchange, treasury services, trade finance and investor services, as well as asset management to corporate clients, financial institutions, institutional investors and governmental agencies. J.P. Morgan’s CSR activities in Japan consist of contribution from the JPMorgan Chase Foundation to various NPOs and a wide range of volunteer activities by employees. For more details about J.P. Morgan in Japan, visit www.jpmorgan.co.jp

About Sodateage Net

Established in 2001 and officially registered as a nonprofit organization in 2004, Sodateage Net is committed to help young people who face difficulties in making the transition to working life and achieving financial independence. To achieve its goal of integrating young people into the workforce, Sodateage Net offers a diverse range of employment support programs, awareness raising activities, skills training, career guidance and parental support. Sodateage Net works some programs in collaboration with Japanese government such as “Youth Support Station Program” funded by Ministry of Labor and Welfare.


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