Tomato Bank, Ltd. (TSE:8542) announced a private placement of 7,000,000 series 1 type-A preferred shares at a price of ¥1,000 per share for gross proceeds of ¥7,000,000,000 on November 25, 2016. The transaction includes participation from The Momiji Bank, Ltd. for 1,000,000 shares, The Chugoku Bank, Limited (TSE:8382) for 1,000,000 shares, Asahi Mutual Life Insurance Company for 1,000,000 shares, Aozora Bank, Ltd. (TSE:8304) for 500,000 shares, Kirayaka Bank, Ltd. for 500,000 shares, IBJ Leasing Company, Limited (TSE:8425) for 500,000 shares, NEC Capital Solutions Limited (TSE:8793) for 500,000 shares, The Tottori Bank, Ltd. (TSE:8383) for 300,000 shares, Bizen Shinkin Bank for 300,000 shares, YAMASA Co., Ltd. for 300,000 shares, The Daisan Bank, Ltd. for 200,000 shares, Hinase Shinkin Bank for 200,000 shares, ZENKOKU HOSHO Co.,Ltd. (TSE:7164) for 100,000 shares, Okayama Shinkin Bank for 100,000 shares, Tamashima Shinkin Bank for 100,000 shares, KIBI-SHINKIN for 100,000 shares, Tsuyama Shinkin Bank, The for 100,000 shares, Bihoku Shinkin Bank for 100,000 shares, Kasaoka Shinyo Kumiai for 100,000 shares. The company will receive net proceeds of ¥6,949,000,000 after deducting issue expenses of ¥51,000,000.

The company will issue common stock of by third party allotment. The subscription period from November 28, 2016 to December 19,2016 and payment date on December 12, 2016.