TB Group Inc. announced a private placement of 1,098,900 common shares at a price of ¥182 per share for gross proceeds of ¥199,999,800 on July 29, 2021. The transaction will include participation from Hospit@l Net Inc. for an equity stake of 12.32%. The shares will be issued through third party allocation. The payment date of the transaction is August 25, 2021. The company will incur issuance expenses with respect to the transaction including registration fee / judicial scrivener fee of ¥700,000, attorney's fee of ¥600,000, securities registration statement preparation cost of ¥1,000,000, and planned allocation destination investigation cost of ¥250,000. The transaction has been approved by the board of directors of the company.