DS Technologies Inc. announced that it will issue 6,000 common shares at a price of ¥50,000 for gross proceeds of ¥300,000,000 on March 24, 2020. The transaction will involve participation from returning investor Densan System Co., Ltd. (TSE:3630) for 5,002 shares, and new investors, The Juroku Bank, Ltd. (TSE:8356) for 333 shares, and Kyoei Life Partners Co., Ltd. for 665 shares. The capital increase amount will not be more than 10% of the current capital.

The transaction will take place through third party allotment. The transaction is expected to close on April 30, 2020. The transaction has been approved by the board of directors of the company.