XTIA Co., Ltd. announced that it expects to receive ¥1.7 billion in funding from INCJ, Ltd., Juki Corporation, Sojitz Corporation, Nikon Corporation
February 20, 2020
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XTIA Co., Ltd. announced that it will receive ¥1,700,000,000 in an equity round of funding on February 21, 2020. The transaction will include participation from new investors Juki Corporation (TSE:6440), Sojitz Corporation (TSE:2768), Nikon Corporation (TSE:7731) for ¥800,000,000 and returning investor INCJ, Ltd. for maximum of ¥600,000,000 through third-party allocation method.
On the same date, the company has received funding from its first tranche from Sojitz Corporation (TSE:2768)
Sojitz Corporation is a diversified group organized around 10 business segments:
- distribution of chemicals products (25.4% of sales): organic, basic and specialty chemicals, plastic products, resins, etc;
- mining operations (22.2%): coal mining, alumina refining, sale of steel products and ferrous and non-ferrous metals, etc;
- distribution of large consumer products (17.6%): clothing and accessories, textile products, home and decorative articles, etc;
- automobile assembly and sales (11.6%);
- production and sale of food products and ingredients (7.8%);
- sale of industrial machinery and equipment and development of health facilities (6.9%);
- development and operation of energy and telecommunications infrastructure (3.6%);
- industrial infrastructure operation, property management and urban development (2%);
- aircraft and ship sales (1.7%). The group also develops activities in the operation of airport and rail infrastructure;
- other (1.2%): provision of financial services, logistics services, consulting, etc.
SOJITZ CORPORATION 
