Tripleize Co., Ltd. announced that it has entered into agreement for a private placement of common shares on July 25, 2018. The transaction will include participation from new investor Cube System Inc. (TSE:2335). The investor will hold 4.7% stake in the company post-closing.

The transaction was approved by board of directors of the investor. The company will sign capital and business alliance agreement in late August. The transaction is expected to close on September 3, 2018.

The company reported net assets of ¥46,873,000, total assets of ¥348,058,000, sales of ¥966,062,000, and net income of ¥2,621,000.