USEN-NEXT HOLDINGS Co.,Ltd. announced that it expects to receive funding from TBS Holdings,Inc., Hakuhodo DY Media Partners Incorporated
February 16, 2023
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USEN-NEXT HOLDINGS Co.,Ltd. announced that it will issue 1,495 common shares on February 17, 2023. The transaction will include participation from TBS Holdings,Inc. for 1,251 shares and 2.25% stake and Hakuhodo DY Media Partners Incorporated for 244 shares and 0.44% stake. The company will issue the shares through third-party allotment.
The transaction has been approved by the board of directors of the company. The transaction is subject to approval from the shareholders of the company in the Extraordinary General Meeting. The transaction is expected to close on April 1, 2023.
U-Next Holdings Co Ltd, formerly known as Usen Next Holdings Co Ltd, is a Japan-based company engaged in the store service business and telecommunications business. The Company operates through five business segments. The Content Distribution segment provides and sells the video distribution service U-NEXT for individuals. The Store Services segment engages in the provision, sale, and construction store solutions, the provision of customer attraction support for restaurants, the management and development of music copyright. This segment also provides other solutions necessary for store operations. The Telecommunications segment provides services to corporations under the USEN GATE02 brand, and broadband Internet lines for individuals. The Commercial Systems segment provides automatic payment machines and front desk management systems for medical institutions and hotels. The Energy segment provides energy consulting services, including low-voltage power, high-voltage power, and others.
U-NEXT HOLDINGS CO.,LTD. 
