hide kasuga 1896 Co., Ltd. has completed a third-party allotment of new shares, with "Hachijuni Sustainability No. 1 Limited Partnership" and "Shinshu Startup and Succession Support Limited Partnership" serving as the underwriters.
hide kasuga 1896 Co., Ltd. (Representative Director: Hideyuki Kasuga), the core company of the "hide kasuga Group," has recently completed a capital raise (amount undisclosed) in June 2024 through a third-party allotment of shares to "Hachijuni Sustainability No. 1 Limited Partnership," funded by Hachijuni Bank (President: Masaki Matsushita), and "Shinshu Startup &Succession Support Limited Partnership," to complete a third-party allotment of new shares and raise funds (amount undisclosed) in June 2024. With this funding, the company will actively invest in development, recruitment, and marketing expenses to meet the accelerating domestic demand for its eco-friendly brand "hide k 1896 | Transwood" in the growing circular economy market.
Since its founding in 2012, the "hide kasuga Group" has been dedicated to building a circular economy, operating a fully integrated circular business model that spans everything from research and development to marketing. The Group operates the eco-friendly brand "hide k 1896," developing and selling highly recyclable materials and end products."Transwood," a highly recyclable wood-based composite material we have been selling since 2023, combines wood-derived materials with biomass resin, enabling both a reduction in plastic use and high recyclability. As a material capable of significantly contributing to the circular economy, it has attracted attention from various industries, and development is currently underway for its application in automotive and building interiors, as well as the casings of electrical appliances.
Given the rapidly growing demand for this material, we will actively pursue development and marketing efforts and continue to promote the implementation of the circular economy in society.
■ Eco-friendly Material "hide k 1896 | Transwood"
Transwood, a composite material made by blending "wood-derived materials"—such as wood flour from thinned timber and CMF—with [Prasus], a biomass resin produced from waste cooking oil like tempura oil, reduces CO₂ emissions and plastic usage during the manufacturing process, making it a recyclable, eco-friendly material.
■Investor Comments
82 Investment:
As a solution to climate change, biodiversity loss, and the growing demand for resources and energy driven by global population growth, the circular economy is gaining prominence alongside carbon neutrality.Amid this emerging market, the "hide kasuga Group" is steadily building strong trust with its customers. We are delighted to join Hideyuki Kasuga, Representative of the "hide kasuga Group," as shareholders in his challenge to implement the circular economy in society, and to take this significant step forward together. Moving forward, the Hachijuni Group will mobilize all its resources to support the growth of the "hide kasuga Group."
Shinshu Startup and Business Succession Support Investment Limited Partnership:
We have recently completed an investment in hide kasuga 1896, the core company of the "hide kasuga Group."The group is a startup operating under the keywords "circular economy" and "branding of Japanese manufacturing." The Shinshu SS Fund highly values the group’s background—including its founder’s experience managing a long-established family business in Shinshu before striking out on his own—as well as its unique technologies and expertise in working toward the societal implementation of the circular economy, which has the potential to make a significant impact on the economy of Nagano Prefecture and the world.A key strength of the group is its integrated approach, which spans the entire process from the research and development of eco-friendly materials to their branding, marketing, production, and sales. They are taking on the challenge of building a business model that is truly one-of-a-kind. We look forward to the group’s future success.
■Hide Kasuga Group: Members
■The Hide-K Method
