Joyfull Co., Ltd. (FKSE:9942) announced a private placement of 1,410,400 common shares for a price of ¥709 per share for gross proceeds of ¥999,973,600 on November 11, 2020. The transaction include participation from returning investor Yasuo Anami. The company will incur issuance expenses of ¥11,600,000 and receive net proceeds of ¥988,373,600 in the transaction. The transaction has been approved by the board of directors of the company. Post-closing, Yasuo Anami’s stake in the company will increase from 8.42% to 12.61%. The transaction is expected to close on November 27, 2020.