Samantha Thavasa Japan Limited announced that it has entered into a subscription agreement and private placement to issue 18 class A common shares at an issue price of ¥100,000,000 for the gross proceeds of ¥1,800,000,000 on April 14, 2023. The transaction will include participation from returning investor Konaka Co., Ltd. The transaction is still subject to the shareholders of the company and is expected to close on May 31, 2023. The company has disclosed the issue expenses of ¥215,000,000.