Frontier Capital Inc. announced that it will issue 50,000 class A-2 shares at a price of ¥100,000 per share for gross proceeds of ¥5,000 million on June 27, 2024. The transaction will include participation from new investors The Joyo Bank, Ltd., Saitama Resona Bank, Limited, The Daishi Hokuetsu Bank, Ltd., Sumitomo Mitsui Banking Corporation, The Bank of Fukuoka, Ltd., The Bank of Yokohama, Ltd., The Hokuriku Bank, Ltd., returning investors JAPAN POST BANK Co., Ltd., Tokai Tokyo Financial Holdings, Inc. The transaction is expected to close on July 26, 2024. This has been approved in the board of directors of Frontier Management Inc. The company plans to raise totaling to ¥15,000 million in the transaction.