Flight System Consulting Inc. (TSE:3753) announced a private placement of 45,600 common shares at ¥11,640 per share with new investor, Orchard Corporation Ltd. for gross proceeds of ¥530,784,000 on March 6, 2013. The investor will acquire a total of 54.34% stake in the company through this transaction. The shares will be issued through third party allotment. The payment date for the transaction will be March 22, 2013. The company will pay issuance costs of ¥29,894,200 in the transaction. The issuance costs will include attorney fees of ¥1,500,000, registration related fees of ¥1,855,000, and advisory fees of ¥526,539,200. The company will receive net proceeds of ¥500,889,800 in the transaction. The transaction was approved at the company's board of directors' meeting.

On March 21, 2013, Flight System Consulting Inc. closed the transaction. Following the closing, the capital of the company increased to from ¥799,802,836 to ¥1,065,194,836.