Japan Communications Inc. (TSE:9424) announced a private placement of 237,000 4th series warrants at a price of ¥42 per warrant for gross proceeds of ¥9,954,000 on March 6, 2018. The transaction will include participation from returning investor, Credit Suisse Principal Investments Limited, Investment Arm (Tokyo Branch). The securities will be issued by way of third party allotment. The date of allotment is March 22, 2018. The estimated net proceeds from the transaction will be ¥2,917,054,000. The warrants can be exercised into common shares of the company at an exercise price of ¥123 per warrant share. The warrants can be exercised from March 23, 2018 to March 22, 2020. The transaction has been approved by the board of directors of the company.