Forside Co.,Ltd. announced a private placement of 5,130,000 common shares at a price of ¥79 per share of gross proceeds for ¥405,270,000 on August 9, 2023. The transaction included the participation from individual investor Masato Oshima issue 5,130,000 shares and hold 13.80% stake. The company held the transaction will be subject to the resolution of the Board of Directors.

The securities are to be issued by third party allotment. The company will pay a ¥5,000,000 for estimated issuance costs includes registration costs, attorney fees, research costs for prospective allottees, securities registration statement preparation costs, and stock transfer agency fees. The payment date for the transaction is August 25, 2023.