Digital Media Professionals Inc. (TSE:3652) announced a private placement of 320,000 common shares at a price of ¥4,641 per share for gross proceeds of ¥1,485,120,000 on May 10, 2019. The transaction will include participation from new investor Yamaha Motor Co., Ltd. (TSE:7272) for 10.22% stake in the company. The company will raise funding through third-party capital increase.

The company expects to close the transaction by May 27, 2019. The company will incur issue expenses of ¥56,722,400 and raise a net proceeds of ¥1,428,397,600 in the transaction. The transaction has been approved by the board of directors of the company.