Grantomato Co.,Ltd. announced that it expects to receive ¥96 million in funding from Nanjo Shoten Co., Ltd., Furuya Shoten, K.K., Otentosan Co.,Ltd., Fukuiseimai Co., Ltd.
April 01, 2024
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Grantomato Co.,Ltd. announced a private placement of 80,000 common shares at the price of ¥1,200 per share for gross proceeds of ¥96,000,000 on April 1, 2024. The transaction will include participation from new investors Nanjo Shoten Co., Ltd. for 20,000 shares, Furuya Shoten, K.K. for 30,000 shares, Otentosan Co.,Ltd. for 20,000 shares, Fukuiseimai Co., Ltd. for 10,000 shares. The transaction has been approved by board of directors of the company.
The payment date for the transaction is April 26, 2024.
Grantomato Co Ltd is a Japan-based company mainly engaged in the agri solution business. For store sales, the Company carries out a multi-store retail business of Grantomato stores that sell agricultural materials, agricultural equipment, agricultural materials such as pesticides, fertilizers and direct products, and FOODMART stores that sell groceries. There are two types of FOODMART stores: business supermarkets and FOODMART Grantomato. At FOODMART Grantomato, based on the purchasing network the Company builds a food mart system that is operated by focusing on pursuing originality, such as promoting sales of private brand products developed. For agricultural distribution, the Company cultivates rice, mandarin oranges, seed garlic, potatoes, tomatoes, cucumbers, eggplant seedlings, and flower seedlings through direct transactions with agricultural producers. For Fukushima Distribution Center (FDC) and Internet sales, the Company operates e-commerce business to provide products.
Grantomato Co.,Ltd. announced that it expects to receive ¥96 million in funding from Nanjo Shoten Co., Ltd., Furuya Shoten, K.K., Otentosan Co.,Ltd., Fukuiseimai Co., Ltd.