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Japanese food delivery site ‘Oisix’ is approved for IPO

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Oisix, an online home delivery service for organic vegetables and preservative-free foods in Japan, was approved to be listed on the TSE Mothers market, a stock market for emerging companies. Currently the company’s main shareholders include several VC firms, mail order giant Nissen, and cosmetics producer Shiseido. The IPO is scheduled to take place on March 13th, 2013. Oisix was founded in 1997 by ex-McKinsey consultant Kohei Takashima who started a food delivery service to homes back in 2000. The company saw 12.6 billion yen (approximately $134 million) in revenue with a net profit of 332 million yen ($3.5 million) in the previous fiscal year. The company’s service has won a huge following among housewives and foodies because it provides variety packages of seasonal vegetables and fish products that can be directly delivered from contracted farmers, fishermen, and food producers. On a related note, Radishbo-ya, which is doing business in the same field as Oisix, was acquired by NTT DoCoMo as the telco aims to diversify its revenue stream in mobile commerce sales.

oisix_logo

Oisix, an online home delivery service for organic vegetables and preservative-free foods in Japan, was approved to be listed on the TSE Mothers market, a stock market for emerging companies. Currently the company’s main shareholders include several VC firms, mail order giant Nissen, and cosmetics producer Shiseido. The IPO is scheduled to take place on March 13th, 2013.

Oisix was founded in 1997 by ex-McKinsey consultant Kohei Takashima who started a food delivery service to homes back in 2000. The company saw 12.6 billion yen (approximately $134 million) in revenue with a net profit of 332 million yen ($3.5 million) in the previous fiscal year.

The company’s service has won a huge following among housewives and foodies because it provides variety packages of seasonal vegetables and fish products that can be directly delivered from contracted farmers, fishermen, and food producers.

On a related note, Radishbo-ya, which is doing business in the same field as Oisix, was acquired by NTT DoCoMo as the telco aims to diversify its revenue stream in mobile commerce sales.

oisix_screenshot

Japanese social games developer Alt Plus set to IPO in March

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Tokyo-based social games developer Alt Plus was approved on Wednesday to be listed on the Mothers market, a stock exchange for emerging companies. The gaming company was founded in May of 2010 by Takeshi Ishii who formerly worked at a VC firm as well a gaming companies such as Genki Co., Ltd. and AQ Interactive (acquired by Marvelous AQL in 2011). It has developed several gaming titles for the GREE platform, such as Bahamut Brave (not to be confused with Cygames’ Rage of Bahamut for Mobage), The Spirit of Fantasia, and Legend of Derbies King. In Q1 of 2012, the company saw 636 million yen (approximately $6.8 million) in revenue with a net profit of 166 million yen ($1.8 million). Some news sources say its flagship title Bahamut Brave was a very significant contributor to its sales. That title has acquired more than 1 million registered users as of last November. With this IPO, the company will raise approximately 1.1 billion yen ($11.7 million) and start introducing new gaming titles on the iOS App Store and on Google Play.

altplus_logo

Tokyo-based social games developer Alt Plus was approved on Wednesday to be listed on the Mothers market, a stock exchange for emerging companies.

The gaming company was founded in May of 2010 by Takeshi Ishii who formerly worked at a VC firm as well a gaming companies such as Genki Co., Ltd. and AQ Interactive (acquired by Marvelous AQL in 2011). It has developed several gaming titles for the GREE platform, such as Bahamut Brave (not to be confused with Cygames’ Rage of Bahamut for Mobage), The Spirit of Fantasia, and Legend of Derbies King.

In Q1 of 2012, the company saw 636 million yen (approximately $6.8 million) in revenue with a net profit of 166 million yen ($1.8 million). Some news sources say its flagship title Bahamut Brave was a very significant contributor to its sales. That title has acquired more than 1 million registered users as of last November.

With this IPO, the company will raise approximately 1.1 billion yen ($11.7 million) and start introducing new gaming titles on the iOS App Store and on Google Play.

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