Kantsu Co.,Ltd. announced that it expects to receive ¥4.6 million in funding from Tokai Tokyo Financial Holdings, Inc.
June 14, 2022
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Kantsu Co.,Ltd. announced a private placement of 13,000 5th stock acquisition rights at a price of ¥300 per rights for gross proceeds of ¥3,900,000, and 7,000 6th stock acquisition rights at a price of ¥100 per rights for gross proceeds of ¥700,000, aggregate of ¥4,600,000 through third-party allotment, on June 14, 2022. The transaction will include participation from Tokai Tokyo Financial Holdings, Inc. The 5th stock acquisition rights are exercisable into 2,000,000 shares which is equal to 100 shares per stock acquisition right at an initial exercise price of ¥712 per share, and 6th stock acquisition rights are exercisable into 371,000 shares which is equal to 100 shares per stock acquisition right at an initial exercise price of ¥926 per share between July 1, 2022 to July 1, 2024. The transaction has been approved in the board of directors meeting of the company.
The securities to be issued are subject to transfer restriction. The transaction is expected to close on June 30, 2022.
KANTSU CO.,LTD. is a Japan-based company mainly engaged in the provision of distribution center services for e-commerce (EC) customers. The Logistics Service Business segment provides four services. The order management service agency service is involved in the confirmation of the purchaser's order details in e-commerce and the acceptance of e-mail correspondence, payment confirmation, shipping instruction data creation, as well as other tasks from customers. The EC mail order logistics support service is involved in the entrustment and delivery of distribution center operations, such as storage, inventory management and delivery of products sold by customers. The software sales and use service provides system Cloud Thomas and Annie and logistics consulting service. The Rakuten Super Logistics Service is a logistics service provided mainly for Rakuten Ichiba stores. The Company also provides foreign technical intern apprentice education services and other education services.