Cross Reality Co., Ltd. announced that it expects to receive ¥290 million in funding from SUS Co.,Ltd., Sanko Gakuen Educational Association
September 26, 2019
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Cross Reality Co., Ltd. announced that it will receive ¥290,000,000 in an equity round of funding on September 26, 2019. The transaction will include participation from new investor Sanko Gakuen Educational Association and existing investor SUS Co.,Ltd. (TSE:6554). Post to the transaction, SUS Co.,Ltd. (TSE:6554) will hold 70% stake and Sanko Gakuen Educational Association will hold 30% stake in the company. Out of the total proceeds, ¥145,000,000 will go to registered capital and ¥145,000,000 will go to capital reserve of the company. The registered capital of the company will increase from ¥5,000,000 to ¥150,000,000. The transaction is expected to close on October 1, 2019. The transaction has been approved at an extraordinary board meeting of the parent company.
SUS Co., Ltd. is a Japan-based company mainly engaged in human resource dispatching business. The Company operates through two segments. The Dispatch of Engineer segment provides specialized technician dispatching service mainly in four fields: Information Technology(IT), Machinery, Electrical/Electronic and Chemical/Bio. The service is provided individually or in teams. The Company also provides business contracting service. The Consulting segment provides consulting service using enterprise resource planning (ERP) software packages, installation support, operation and maintenance, and system consulting service for customization and development. The other businesses include the sale and development of recruiting matching solutions such as SUZUKU and HQ Profile and Web related services.
SUS CO.,LTD. 
