ES Co., Ltd. announced a private placement of common shares for gross proceeds of ¥300,000,000 on February 10, 2017. The transaction will include participation from returning investor Roland DG Corporation (TSE:6789) to retain its 100% stake in the company. Out of the total amount, ¥150,000,000 will be added to the capital reserve and ¥150,000,000 will be added to the registered capital of the company. The transaction has been approved by the board of directors of the investor. The transaction is subject to shareholders’ approval of the company at its extraordinary shareholders’ meeting to be held on February 20, 2017. The company expects to close the transaction in early March 2017.