PT. Tatsumi Indonesia announced that it will receive $1 million in a round of funding on December 16, 2016. The transaction will include participation from existing investor, TATSUMI Corporation (JASDAQ:7268) for $0.2 million and Mitsuba Corporation (TSE:7280) for $0.8 million.

On closing, the investors will hold 60% and 40% stake in the company respectively. The investors currently hold 67% and 33% stake in the company respectively. On closing, the capital of the company will increase from $6 million to $7 million.

The transaction was approved by the board of directors of TATSUMI Corporation (JASDAQ:7268).