EST Corporation, Ltd. announced a private placement of 38,460 class A preferred shares at ¥13,000 per share for gross proceeds of ¥499,980,000 on February 9, 2015. The transaction will include participation from ZIGExN Co., Ltd. for 26,922 shares, Nissay Capital Co., Ltd., and Nippon Venture Capital Co., Ltd. The shares issued as part of the transaction represent 19.5% of the total number of outstanding shares in the company. The delivery date for the shares is expected on February 23, 2015.

The transaction was approved by the board of directors of the company. The company reported net assets of ¥17,000,000, total assets of ¥537,000,000, net sales of ¥670,000,000, operating income of ¥10,000,000, and net income of ¥2,000,000 for the year ended March 2014.