Success Holders, Inc. announced that it will issue 4,385,900 common shares of the company at an issue price of ¥114 per share for gross proceeds of ¥499,992,600 on May 19, 2023. The transaction will include participation from returning investor The capital Co., Ltd. The company issued the securities using third party allotment method. The transaction has been approved by the board of directors of the company.

The transaction is expected to close on June 5, 2023. The company will incur total issuance expenses of ¥5,000,000 and raise net proceeds of ¥495,000,000 in the transaction. The issuance expenses includes registration-related expenses, attorney's fees, and securities registration statement preparation expenses.

After completion of the transaction, the investor will acquire 53.76% stake in the company.