TOKYO, Apr 01 (Pulse News Wire) – Colowide CO.,LTD. (7616.T) completed the allocation of funds raised through its new share issuance in 2024 as initially planned.
The company had secured approximately ¥31.64 billion via the issuance of new shares intended for M&A activities aimed at expanding its group's operations until September 2026. On June 02, 2025, Colowide acquired Seagrass Holdco Pty Ltd., which operates a steak restaurant chain in Oceania Chiikitou, for a total price of ¥19.23 billion.
Additionally, the company purchased C-United Corporation, known for managing café chains such as "Kahohikan," "Café de Veroche," and "Café de Cré," along with related businesses, for ¥44.09 billion on April 01, 2026. With these acquisitions, Colowide has fully utilized the funds raised through the issuance of new shares to support strategic growth initiatives within its group.
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