Kyushu Leasing Service Co., Ltd. (FKSE:8596) announced a private placement of 120,000 treasury shares at ¥430 per share for gross proceeds of ¥51,600,000 on August 7, 2015. The shares will be issued through third party allocation method. The transaction will include participation from existing investor Trust & Custody Services Bank, Ltd., Investment Arm.

The payment date is September 7, 2015. The transaction has been approved by the board of directors of the company. The company will not incur any expenses in the transaction.

The investor will acquire 0.46% stake through this transaction and will hold 5.07% stake in the company on completion.