Trust Patrol Co., Ltd. announced a private placement of ¥120 million on May 20, 2021. The company will issue common shares in the transaction. The investor Trust Holdings Inc. (TSE:3286) will hold 100% stake in the company. The company will assign ¥60 million towards capital increase and ¥60 million towards capital reserve. The transaction is expected to close on June 29, 2021. The transaction was approved by the board of directors.