TOKYO, Mar 24 (Pulse News Wire) – note inc. (5243.T) entered into a capital business alliance with Kadokawa and raised funds via a third-party allotment of new shares.
The purpose is to advance initiatives related to their strategic partnership aimed at sustainable growth and enhancing corporate value. Under this agreement, note inc. will issue 1,000,000 new shares to Kadokawa at a premium price of ¥2,212 per share compared to the previous day's closing price of ¥2,103.
The total amount raised is ¥2.196 billion, with proceeds allocated towards future M&A activities, strategic investments, and debt repayment. Funds will also support system development and talent investment to strengthen note’s ecosystem, improve its platform functionality, and explore new expression formats such as handling rich media content like videos. Additionally, part of the funds will be used to repay existing debts, improving the company’s financial health.
The balance sheet post-funding reflects increased assets to ¥8.341 billion and liabilities to ¥3.266 billion, with plans to reduce capital by ¥2.212 billion in April to adjust the capital structure.
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