Kirayaka Bank Ltd. announced that it expects to receive ¥10 billion in funding.
On September 13, 2012, the company announced that it will raise ¥30,000,000,000 in the transaction.
On September 14, 2012, the company announced that it will receive ¥30,000,000,000 by issuance of 100,000,000 class IV preferred shares at ¥200 per share and 50,000,000 class V preferred shares at ¥200 per share to Jimoto Holdings, Inc. The company will receive net proceeds of ¥19,980,000,000 after estimated issuance sundry fees of ¥20,000,000 which includes registration related fees and advisory fees from the issuance of class IV preferred shares. The company will receive net proceeds of ¥9,987,500,000 after estimated issuance sundry fees of ¥12,500,000 which includes registration fees and advisory fees from the issuance of class V preferred shares. The payment date is December 28, 2012.