Hifumi Shobo Co., Ltd. announced that it will issue 120,000 common shares for gross proceeds of ¥61,000,000 on July 13, 2018. The transaction included participation from new investor Edia Co., Ltd. (TSE:3935). Post the transaction, the investor will acquire 66.7% stake in the company. The company will pay ¥1,000,000 as advisory cost. The transaction is expected to close on August 20, 2018.