AirAsia Japan Co., Ltd. announced that it expects to receive ¥7 billion in funding from Octave Japan Infrastructure Fund I GK, Rakuten, Inc., Investment Arm, , Noevir Holdings Co., Ltd. ,and Alpen Co., Ltd.

Noevir Holdings Co., Ltd. is a Japan-based company engaged in the manufacture and sale of cosmetics, toiletries, pharmaceuticals and foods, as well as the purchase and sale of cosmetic products. The Company operates in three business segments. The Cosmetics segment is engaged in the manufacture and sale of cosmetics and toiletries, as well as the purchase and sale of cosmetic products. The Pharmaceuticals and Foods segment is engaged in the manufacture and sale of general drugs and foods. The Others segment is engaged in the purchase and sale of apparels, body fashion, aircrafts and vessels, as well as air transportation business.