Rikei Corporation (Head Office: Shinjuku-ku, Tokyo; President& CEO: Satoru Isaka, hereinafter “Rikei”) hereby announces that it has underwritten a capital increase of around twenty million yen through third-party allotment by Enhanlabo Co., Ltd. (Head Office: Minato-ku, Tokyo; President & CEO: Takeshi Zayasu, hereinafter “Enhanlabo”), a subsidiary of Visionary Holdings Co., Ltd. (Head Office: Minato-ku, Tokyo; President & CEO: Naohiko Hoshizaki), which engages in the wearables business.

Under the key concept of visual expansion, Enhanlabo was established with the aim of commercializing the b.g., an eyeglasses-shaped wearable terminal with a focus on the vision and the wearing comfort. In different B2B domains, it had cultivated potential alliance partners, potential companies for demonstrative trials and potential customers with a view towards devising solutions based on combination of latest technologies, IoT and other technologies.

Rikei aims to be the only solution vendor in the areas of information technology and electronics that supplies the market with cutting-edge products based on state-of-the-art technologies in the age of the digital network. Defining system solutions, network solutions, and electronic components and instruments as core businesses, it marked the 60th anniversary of its founding last year. Under the medium-term management plan from the fiscal year ending March 2017 to the fiscal year ending March 2019, announced in May 2016, Rikei endeavors to strengthen its three current core businesses and to push ahead with collaboration between them in a bid to ensure stable earnings and to expand its management base by means of positive investments and corporate acquisitions. Rikei recently underwrote the capital investment through third-party allotment by Enhanlabo in its expectation of future potential of its wearables business.

About Enhanlabo Co., Ltd.

(1) Name: Enhanlabo Co., Ltd.

(2) Address: 3F Shibaura NA Building, 4-17-3 Shibaura, Minato-ku, Tokyo, Japan

(3) Title and name of representative: President & CEO Takeshi Zayasu

(4) Date of foundation: May 1, 2017

(5) Business description: Planning, development, manufacturing, sales, etc. of eyeglasses-type wearable terminals and peripherals

(6) Capital: 15 million yen (before the capital increase)

(7) Major shareholder and shareholding ratio: Meganesuper Co., Ltd. 97.1%, Tokyo Optical Co., Ltd. 2.9%

About Rikei Corporation

Established in 1957, Rikei Corporation is a solution provider for the IT and electronics industries.

Rikei offers a wide variety of solutions centered on the world’s cutting edge technologies and advanced products in the fields of system solutions, such as entrance exam and educational affairs systems and IT infrastructure, business strategy, and information security solutions. It also provides network solutions, such as satellite communication data transfer systems, digital video transfer systems, network systems for telecommunication operators and other private companies, wireless access systems, and disaster management information systems. In addition to solutions, Rikei provides electronic components and devices, such as high frequency components, high performance adhesives for industrial use, testers for automotive audio and navigation equipment, power grid analysis systems, defense-related machinery and security systems. 

Product names and company names mentioned herein are trademarks or registered trademarks of their respective companies.