Kozosushi Co., LTD. announced that it expects to receive ¥381.021 million in funding from Asrapport Co., Ltd.
June 13, 2021
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Kozosushi Co., LTD. (JASDAQ:9973) announced a private placement of 7,471,000 shares at a price of ¥ 51 per share for gross proceeds of ¥ 381,021,000 on June 14, 2021. The company will issue the shares through third party allotment. The transaction will include participation from Asrapport Co., Ltd. On the same day, the company held the board of directors meeting. The capital of the company have been increased to ¥ 190,510,500.
KOZO Holdings Co Ltd, formerly Kozosushi Co Ltd, is a Japan-based company mainly engaged in the retail business, food and beverage business and distribution business. The Company operates in three business segments. The Retail Business segment is divided into retail business and franchise (FC) business. The retail business sells takeaway sushi. The FC business enters into contracts with franchisees based on a franchise system, provides name recognition and credibility through the use of trademarks, and provides guidance on store construction, product manufacturing, product sales and receives royalty income. The Food and Beverage Business segment operates eat-in style restaurants and FC business. The Distribution Business segment is divided into delivery business and food wholesale business. The delivery business sells home delivery of in-house cooked products. The food wholesale business is engaged in wholesale of commercial food ingredients.