gumi Inc. (TSE:3903) announced a private placement of 790,000 shares at an issue price of ¥651 per share for gross proceeds of ¥514,290,000 on October 4, 2018. The transaction will involve participation from returning investor Hironao Kunimitsu for 390,000 shares, Hiroyuki Kawamoto for 200,000 shares, and Makoto Motoyoshi for 200,000 shares. The transaction will take place through third-party allocation method. The company will pay estimated amount of issue expenses of ¥5,000,000, resulting in net proceeds of ¥509,290,000. Post the transaction, Hironao Kunimitsu's stake in the company will increase from 5.36% to 10.66%. The payment period starts from October 22, 2018 and ends on October 26, 2018.