FUJITA CORPORATION Co.,Ltd. (JASDAQ:3370) announced a private placement of 90,200 shares at a price of ¥429 per share for gross proceeds of ¥38,695,800 on November 30, 2015. The company will issue the securities through third-party allotment. The transaction will include participation from Hiroaki Fujita for 46,600 shares and returning investor, Baby Face Co., Ltd. for 43,600 shares.

The company will incur various offering expenses of ¥800,000 which shall include registration expenses and issue processing fees amongst others, and will receive net proceeds of ¥37,895,800 in the transaction. Pursuant to the transaction, Hiroaki Fujita will increase its stake in the company from 18.22% to 21.03%, while Baby Face Co., Ltd. will hold a 4.99% stake in the company. The transaction is expected to close on December 25, 2015.