Nice Corporation announced that it has entered into a private placement of 2,100,000 common shares at a price of ¥1,867 per share for the gross proceeds of ¥3,920,700,000 on July 16, 2021. The transaction will include participation from new investor Yamada Holdings Co., Ltd. through third-party allotment method. The capital and capital reserve will increase by ¥1,960,350,000 each and number of issued shares will increase from 9,656,119 shares to 11,756,119 shares.

The transaction has been approved by board of directors of company. The company will pay ¥167,000,000 as expenses in the transaction. The expected payment date is August 2, 2021.