On the 16th, B and P <7804> announced that they have decided to change some of the uses, amounts, and expected allocation timing of the funds raised in the new listing on July 24, 2019.
The company is executing three strategies for growth, namely, expanding market share, functionality, and territory, based on these strategies, they will concentrate funds on investments for productivity improvement and growth. Due to differences between the expected and actual amounts of funds used, they are making changes to the allocation of funds.
As a result of implementing facility introductions and office renovations in the current period, the amount of funds used exceeded the expected amount, leading to changes in the amounts. In addition, they have renamed digital signage to Digital Create from this period, besides traditional hardware sales and video delivery system provision, they have also proposed services using AR (augmented reality), starting a new AR service called 'Novelty AR' in collaboration with order goods production. Furthermore, they are steadily expanding orders as a print solution for small-lot, large-quantity production projects such as offset printing, silk screen printing, and on-demand printing, leading to changes in amounts due to differences between the expected and actual amounts of funds used for these new businesses.
Furthermore, the company has been promoting an M&A strategy policy, setting up an in-house project team to continually conduct various information collection and investigations. They are planning to make changes to the amounts due to the fact that they have used the remaining amount of the funds raised for listing expenses for related costs, and any shortfall after using up the funds raised for listing will be covered with internal funds.