L Capital Tokyo Co., Ltd. announced a private placement of 39,352 shares at a price of ¥50,000 per share for gross proceeds of ¥1,967,600,000 on March 26, 2018. The transaction will include participation from existing investors Laox CO., LTD. (TSE:8202) for 24,090 shares for proceeds of ¥1,204,500,000 and LOCONDO, Inc. (TSE:3558) for 15,262 shares for proceeds of ¥763,100,000. The company will issue shares through a third party allotment.

The transaction has been approved by the board of directors of the investors.