Mitsufuji Corporation announced a private placement of 282,486 common shares at ¥707.999689 per share and 91,000 warrants for gross proceeds of ¥200,000,000 on August 5, 2016. The transaction will include participation from new investor, artra corporation (TSE:6029). The company will issue the securities via third party allotment method. The company and the investor entered into a contract on the same date. On closing, the investor will hold 19.40% stake in the company. The investor will nominate one person to the members of the board of directors of the company. Each warrant is exercisable into common share of the company. The transaction was approved by the board of directors of the investor. The company reported net assets of ¥3,529,000, total assets of ¥35,305,000, revenues of ¥39,093,000, current profit of ¥745,000, and net income of ¥538,000 for the year ended February 2016.