The Kyoto Hotel, Ltd. announced a private placement of 1,000 non-convertible class A preferred shares at an issue price of ¥1,000,000 per share for gross proceeds of ¥1,000,000,000 on August 6, 2021. The transaction will involve participation from DBJ Food and Beverage / Lodging Support Fund L.P., a fund managed by DBJ Regional Investment Co., Ltd. The payment date is September 30, 2021. The company will incur issuance expense of ¥10,000,000. The company will issue shares through third party allotment method.