AltPlus Inc. (TSE:3672) announced that it will issue 1,481,400 shares at issue price of ¥270 per share for gross proceeds of ¥399,978,000 on September 13, 2019. The transaction will include participation from NHN JAPAN Corp. for 1,111,100 shares to acquire 7.18% stake in the company and QaaS Co., Ltd. for 370,300 shares to acquire 2.39% stake in the company. The company will incur issuance expenses of ¥7,430,000 in relation to the transaction. The transaction has been approved by the board of directors of the company. The transaction is expected to close on September 30, 2019.