FiNC Co., Ltd. announced that it expects to receive funding from Dai Nippon Printing Co., Ltd.
March 24, 2021
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FiNC Co., Ltd. announced a private placement of common shares on March 25, 2021. The transaction will include participation from Dai Nippon Printing Co., Ltd. (TSE:7912) through third party allotment.
Dai Nippon Printing Co. specializes in printing services. Net sales break down by activity as follows:
- printing of cards, books and business documents (54.1%): microchips, plastic cards, books, magazines, catalogs, administrative forms, brochures, indices, etc.;
- printing of flexible packages and decorative coatings (28.2%): bags, bottles, cardboard boxes, paint papers, wood and metal engraved plates, etc. The group also produces and sells optic films, ink ribbons, etc.;
- manufacturing of electronic components (13.7%): semiconductors components, photolithography masks, projection screens, protection filters for screens, color printers components, etc.;
- production of beverages (4%).
Net sales are distributed geographically as follows: Japan (83%), Asia (10.6%) and other (5.4%).