Notification of Capital Increase of RSP Fund No. 6. LLC
Feb 24, 2016 | Recruit Holdings Co., Ltd.
Recruit Holdings Co., Ltd. (hereinafter referred to as the "Company") hereby announces that it resolved at its Board of Directors meeting held today to increase capital of RSP Fund No. 6. LLC as stated below as part of its corporate venture capital activities.
1. Purpose of capital increase
Since the Company established the RSP Fund No. 6. LLC on November 12, 2014, for the purpose of creating new business domains outside the existing businesses of the Recruit Group and acquiring cutting-edge technologies, it has carried out investment activities in innovative startups all around the globe. Due to the prospects for the completion of investment totaling 5.0 billion yen (the investment budget for RSP Fund No. 6. LLC), the Company has decided to increase capital of the RSP Fund No. 6. LLC by another 5.0 billion yen.
2. Overview of the RSP Fund No. 6. LLC
|(1)Company name||RSP Fund No. 6. LLC|
|(2)Location||8-4-17 Ginza, Chuo-ku, Tokyo, JAPAN|
|(3)Basis of establishment||Limited Liability Company under Japanese law|
|(4)Establishment||November 12, 2014|
|(5)Purpose of establishment||To carry out investment activities in innovative startups all around the globe, with the aim of creating new business domains outside the existing businesses of the Recruit Group and acquiring cutting-edge technologies.|
|(6)Total amount of investment after capital increase||10.0 billion yen|
|(7)Investor, investment ratio, overview of investor||Recruit Holdings Co., Ltd. (100.00%)|
|(8)Overview of representative||Name||Recruit Holdings Co., Ltd.|
|Location||8-4-17 Ginza, Chuo-ku, Tokyo, JAPAN|
|Name and title of representative||Masumi Minegishi
President, CEO, and Representative Director
|(1)Resolution of the Board of Directors||February 24, 2016|
|(2)Date of capital increase||Mid-March 2016 (planned)|
4. Future outlook
The capital increase of the fund has no material impact on the consolidated financial results for the year ending March 31, 2016.