Credit Saison Co., Ltd. announced a private placement of 8,224,700 common shares at the price of ¥1,884 per share for gross proceed of ¥15,495,334,800 on May 18, 2023. The transaction included the participation from Suruga Bank Ltd. The company will issue shares through third party allotment. The shareholders of the company approved the transaction.

The transaction was approved at the annual general meeting of shareholders and approval from director under the Banking Act. The transaction is expected to closing on July 3, 2023 to September 29, 2023.