K Village Tokyo Co., Ltd. announced that it expects to receive ¥552 million in funding from IBJ, Inc.
December 17, 2018
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K Village Tokyo Co., Ltd. announced a private placement of 13,500 common shares at the price of ¥40,888.888888 per share for gross proceeds of ¥552,000,000 on December 18, 2018. The transaction will include participation from new investor IBJ, Inc. (TSE:6071) which will acquire 55.1% stake. Investor will acquire third party shares and convert company into its subsidiary. The transaction has been approved by the board of directors of the investor. The underwriting contract conclusion date and payment date is January 4, 2019.
IBJ, Inc. is engaged in the comprehensive life design company business, focusing marriage business. The Company operates in two segments. The Marriage segment consists of corporate business, franchise business, engaged in the provision of application service provider (ASP) network system for marriage agencies and the members, FC business, engaged in the development of FC affiliated stores to strengthen marriage infrastructure, community business, engaged in the renewal, maintenance and operation of marriage site, as well as the lounge business, engaged in the operation of marriage consultation lounge. The Life Design segment includes wedding business, engaged in the information magazine issuance and provision of advertisement publishing service to wedding related corporation, travel business.
IBJ, INC. 
