RIZAP Group, Inc. announced that it has entered into a capital and business alliance agreement with new investor Sompo Holdings to issue 29,069,767 common shares at an issue price of ¥344 per share for the gross proceeds of ¥9,999,999,848 on June 7, 2024. The transaction has been approved by shareholders and is expected to close on June 27, 2024. Th company has disclosed the issue expense of ¥40,000,000 and net proceeds of ¥9,959,999,848.