Pado Corporation announced a private placement of 13,513,515 shares at ¥74 per shares for ¥1,000,000,110 on February 13, 2017. The transaction will include participation from new investor RIZAP Group, Inc. The investor will hold 71.11% after closing of the transaction. The company incurred various issue costs of ¥45,000,000 which include securities registration statement, document creation expenses, legal expenses, advisory expenses, and other expenses.

The settlement date is March 31, 2017.