OOTOYA Holdings Co., Ltd. (JASDAQ:2705) announced a private placement of 30 non-convertible preferred shares at a price of ¥100,000,000 for gross proceeds of ¥ 3,000,000,000 on December 24, 2020. The transaction included participation from returning investor Colowide Co.,Ltd. (TSE:7616). The securities are issued through third party allotment method. The company paid approximately ¥15,000,000 as issuance expenses.