Tera Co., Ltd. announced a private placement of 750,000 common shares at ¥200 per share for gross proceeds of ¥150,000,000 on May 19, 2015. The transaction will take place through third party allotment. The transaction will include participation from existing investor inspec Inc. which will purchase 100,000 shares; and new investors Jikei Co.,Ltd. which will purchase 250,000 shares and acquire 12.82% stake; You Planning Co., Ltd. which will purchase 250,000 shares and acquire 12.82% stake; Hachimaru Co., Ltd. which will purchase 100,000 shares and acquire 5.13% stake; and Innovation Engine, Inc. which will purchase 50,000 shares and acquire 2.56%.

Following the transaction, inspec Inc. will own 66.67% stake in the company. Payment date for the transaction is May 25, 2015. The transaction has been approved by the board of directors' of inspec Inc.