Minna-denryoku, Inc. announced a private placement of common shares for gross proceeds of ¥1,180,000,000 on January 21, 2019. The transaction included participation from Dentsu Inc. (TSE:4324), Marui Group Co., Ltd. (TSE:8252), SBI Investment Co., Ltd., Sega Sammy Holdings Inc. (TSE:6460), Tokai Holdings Co., Ltd., and returning investor TBS Innovation Partners LLC.