Data Section Co., Ltd. announced a private placement to issue 14,880 19th stock acquisition rights at an issue price of ¥420 per right for the gross proceeds of ¥6,249,600 and 2,230,000 shares at an issue price of ¥305.82 per share for the gross proceeds of ¥681,978,600; aggregate gross proceeds of ¥688,228,200 on January 26, 2024. The transaction will include participation from new investor First Group (Uk) Co., Limited. The transaction has been approved by the shareholders of the company and is expected to close on February 13, 2024.

The company has disclosed the issue expenses of ¥13,000,000; ¥1,497,700,200 will be the total amount raised and the net proceeds of the transaction is ¥1,484,700,200.