Emotion Tech Co., Ltd. announced a private placement of 2,380 common shares at a price of ¥21,000 per share for gross proceeds of ¥49,980,000 on December 15, 2017. The transaction will include participation from Tsunagu Solutions Inc. (TSE:6551). The investor will acquire a total of 2.69% stake in the company through this transaction. The transaction was approved by the board of directors of the investor.