FUJITA CORPORATION Co.,Ltd. (JASDAQ:3370) announced a private placement of 100,000 A-type preferred shares at a price of ¥1,000 per share for gross proceeds of ¥100,000,000 on December 28, 2016. The transaction is expected to close March 15, 2017. The shares will be issued via third party allocation.

The transaction will include participation from existing investor, Dusking Co.; Ltd. The company will pay various expenses of ¥6,500,000 in the transaction. The company will receive net proceeds of ¥93,500,000 in the transaction.