Hokuriku Sightseeing And Development Co. Ltd announced a private placement of 6,400 shares at a price of ¥50,000 per share for the gross proceeds of ¥320,000,000 on February 15, 2018. The transaction will include participation from returning investors Komatsu Seiren Co.,Ltd. (TSE:3580) for 600 shares for the proceeds of ¥30,000,000, The Hokkoku Bank, Ltd. (TSE:8363) for 400 shares for the proceeds of ¥20,000,000, Hokuriku Broadcasting Co., Ltd for 100 shares for the proceeds of ¥5,000,000, HOKURIKU RAILROAD Co.,Ltd for 100 shares for the proceeds of ¥5,000,000, Komatsu Ltd. (TSE:6301) for 100 shares for the proceeds of ¥5,000,000, Daiwa Co., Ltd. (TSE:8247) for 100 shares for the proceeds of ¥5,000,000, Shimizu Corporation (TSE:1803) for 600 shares for the proceeds of ¥30,000,000,Hokkoku Shimbun, Inc for 3,200 shares for the proceeds of ¥160,000,000, Daikyo Incorporated (TSE:8840) for 400 shares for the proceeds of ¥20,000,000 and Toya Co., Ltd for 400 shares for the proceeds of ¥20,000,000 and new investor Mitani Sangyo Co., Ltd. (TSE:8285) for 400 shares for the proceeds of ¥20,000,000.

The application period of shares is from March 14, 2018 to March 22, 2018. The settlement date of the transaction is March 23, 2018.