announced a private placement of 3,649 11th stock acquisition rights at ¥10 per stock acquisition right for gross proceeds of ¥36,490; and 386,100 common shares at a price of ¥259 per share for gross proceeds of ¥99,999,900; for aggregate gross proceeds of ¥100,036,390 on February 13, 2024. The transaction included participation from new investors Marui Group Co., Ltd. for common shares and GP Listed Company Fund L.P for stock acquisition rights. The company is raising funding through third-party allocation.

The company will add proceeds from common shares of ¥49,999,950 as capital increase, and ¥49,999,950 as capital reserves. The potential shares from the issuance of stock acquisition rights will be 364,900 shares. The initial exercise price of stock acquisition rights ¥274 for a period from March 1, 2024 to February 28, 2029.

The transaction has been approved at board of directors? meeting of the company. The company is raising funding through third-party allocation.

The transaction is expected to close on February 29, 2024.