Dynamic Map Planning Co., Ltd. has announced a private placement of common shares for gross proceeds of JPY 3,700,000,000 on June 13, 2017. The transaction included participation from Mitsubishi Electric Corporation (TSE:6503), Pasco Corporation (TSE:9232), Zenrin Co., Ltd. (TSE:9474), Aisan Technology Co., Ltd. (JASDAQ:4667), Increment P Corporation, Innovation Network Corporation of Japan, and Toyota Mapmaster Inc. The securities were issued by way of third party allotment.