JapanTaxi Co.,Ltd. announced that it expects to receive ¥12.6 billion in funding from NTT Docomo Ventures, Inc., Dentsu Innovation Partners Inc., Tokyo Century Corporation
July 12, 2020
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JapanTaxi Co.,Ltd. announced a private placement of 80,000 class C preferred shares at an issue price of ¥157,500 per share for gross proceeds of ¥12,600,000,000 on July 13, 2020. The transaction will involve participation from existing investor, NTT Docomo Ventures, Inc. for ¥10,000,000,000 for 63,492 shares, Dentsu Innovation Partners Inc., and Tokyo Century Corporation (TSE:8439) for aggregate ¥2,600,000,000. Post-closing of the transaction, NTT Docomo Ventures, Inc. will hold 13.06% stake in the company. The company may further receive ¥10,000,000,000 from NTT Docomo Ventures, Inc. in the transaction if it exercises its capital call.
Tokyo Century Corp is a Japan-based company mainly engaged in financial business. The Company operates in four business segments. Domestic Leasing segment is engaged in leasing and financing of information and communication equipment, office equipment, industrial machine tools, transportation equipment, and equipment for commercial and service industries. Domestic Automobile segment is engaged in auto leasing, rental cars, and car sharing businesses for corporations and individuals. Specialty segment is engaged in domestic and overseas leasing and financing of products such as ships, aircraft, real estate, environment and energy. International segment is engaged in leasing and financing mainly in East Asia and Association of Southeast Asian Nations, North America, and Latin America. The Company is also engaged in non-life insurance agency business and outsourced office work.
JapanTaxi Co.,Ltd. announced that it expects to receive ¥12.6 billion in funding from NTT Docomo Ventures, Inc., Dentsu Innovation Partners Inc., Tokyo Century Corporation
TOKYO CENTURY CORPORATION 
