ContractS Inc. announced that it has entered into subscription agreement for a private placement of 92,000 shares at a price of ¥4,336.956521 per share for gross proceeds of ¥399,000,000 on May 20, 2022. The transaction will include participation from new investor, CareerIndex Inc. for 53.3% stake. The transaction has been approved by board of directors of the investor.

Prior to the transaction, the company has registered capital of ¥100,000,000. The transaction is expected to close on May 25, 2022.