Shinozakiya, Inc. announced that it has received ¥12.88 million in funding.
August 13, 2014 at 12:00 am EDT
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Shinozakiya, Inc. (TSE:2926) announced a private placement of 80,000 treasury shares at ¥161 per share for gross proceeds of ¥12,880,000 on July 25, 2014. The company will issue the shares to 27 executives and 1 director. The transaction is expected to close on August 13, 2014. The company will issue the shares through disposal by third party allocation. The company expects to incur issue costs of ¥300,000 in the transaction. The company will receive ¥12,580,000 as net proceeds from the transaction. The transaction was approved by the board of directors of the company.
On August 13, 2014, Shinozakiya, Inc. closed the transaction.
SHINOZAKIYA, INC. is a Japan-based company engaged in the food manufacturing and sales business, such as the manufacture and sale of soybean-processed products, and the provision of sales guidance. The retail business is engaged in the retail of soybean-processed products, such as bean curd and soymilk, through the operation of directly-managed stores. The other business is engaged in the wholesale of bean curd, soymilk and others to its directly-managed stores and other clients, as well as the provision of sales guidance for franchised outlets.
SHINOZAKIYA, INC. 
