ITbook Holdings Co., Ltd. announced a private placement of 764,700 shares at an issue price of ¥451 per share for gross proceeds of ¥344,879,700 on March 14, 2022. The transaction will include participation from Daiwa House Industry Co., Ltd. for 332,500 shares, Toshimori Mae for 388,000 shares, Kiyoshi Matsuba for 22,100 shares and Shinichi Ishida for 22,100 shares. The company will issue shares using third party allotment method.

The transaction has a payment date of March 30, 2022. The company will pay ¥5,700,000 as issuance expenses which include attorney's fees and other administrative expenses (securities registration statement preparation costs, change registration costs, etc.) and will receive net proceeds of ¥339,179,700 in the transaction. The transaction has been approved by the board of directors of the company.