Kantsu Co.,Ltd. announced that it expects to receive ¥6.14376 million in funding from Mizuho Securities Principal Investment Co., Ltd.
October 20, 2020
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Kantsu Co.,Ltd. (TSE:9326) announced a private placement of 3,710 4th stock acquisition rights at a price of ¥1,656 per right for gross proceeds of ¥6,143,760 through third-party allotment, on October 21, 2020. The transaction will include participation from Mizuho Securities Principal Investment Co., Ltd. The stock acquisition rights are exercisable into 371,000 shares which is equal to 100 shares per stock acquisition right at an initial exercise price of ¥3,910 per share. The transaction has been approved in the board of directors meeting of the company. The securities to be issued are subject to transfer restriction. The transaction is expected to close on November 6, 2020.
KANTSU CO.,LTD. is a Japan-based company mainly engaged in the provision of distribution center services for e-commerce (EC) customers. The Logistics Service Business segment provides four services. The order management service agency service is involved in the confirmation of the purchaser's order details in e-commerce and the acceptance of e-mail correspondence, payment confirmation, shipping instruction data creation, as well as other tasks from customers. The EC mail order logistics support service is involved in the entrustment and delivery of distribution center operations, such as storage, inventory management and delivery of products sold by customers. The software sales and use service provides system Cloud Thomas and Annie and logistics consulting service. The Rakuten Super Logistics Service is a logistics service provided mainly for Rakuten Ichiba stores. The Company also provides foreign technical intern apprentice education services and other education services.
KANTSU CO.,LTD. 
