Yamaguchi Suisan Co., Ltd. announced that it expects to receive ¥42 million in funding from UMENOHANA Co., Ltd.
August 06, 2018
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Yamaguchi Suisan Co., Ltd. announced that it has received ¥42 million in its equity round of funding on August 7, 2018. The transaction will include participation from existing investor UMENOHANA Co., Ltd. (TSE:7604). As part of the transaction, the investor will continue to retain its 100% stake in the company. Post capital increase, the company’s capital ¥10 million to ¥31 million and ¥21 million will go to capital reserve. The transaction is expected to occur on September 28, 2018. The transaction has been approved by the board of directors of the investor.
UMENOHANA CO., LTD. is a company mainly engaged in the operation of restaurants. The Company operates in three business segments. The Catering segment is engaged in the operation of Japanese and Chinese style restaurants under the names UMENOHANA, CHINA UMENOHANA and KANISHIGE, among others. It offers bean curd skin and bean curd course dishes, drinks, crab course dishes, Chinese course dishes and Chinese delicatessens. This segment is also engaged in the provision of take out services for lunch boxes and others, as well as the royalty business. The Takeout segment is engaged in the operation of takeout stores under the names KOICHIAN SUSHI and UMENOHANA. It offers sushi, rice, Shao-Mai (steamed pork dumplings), fried bean curd skin and wheat gluten. It is also engaged in the online sale of gift items. The others segment is involved in the export business, as well as manufacture and sale of processed fishery products.
UMENOHANA CO., LTD. 
