The Japan Living Service Co. (TSE:8854) announced a private placement of 461,000 treasury shares at ¥217 per share with Wadakohsan Corporation for gross proceeds of ¥100,037,000 on August 8, 2013. The investor will acquire 2.32% stake in the company through this transaction. The shares will be issued by third-party allocation. The company will receive net proceeds of ¥96,037,000 after deducting various issuance expenses of ¥4,000,000. The issuance expenses include estimated legal fees, advisory expenses, etc. related to the treasury share disposal. The board of the company approved the transaction. The disposal date is August 26, 2013.

On August 26, 2013, The Japan Living Service Co. closed the transaction.