Alphax Food System Co., Ltd announced a private placement of 478,000 shares at a price of ¥522.9 per share for gross proceeds of ¥249,946,200 on June 30, 2023. The transaction will include participation from new investors H&Partners Co., Ltd. for 191,200 shares, Sojitz Corporation for 172,100 common shares and individual investor Masayuki Hirakawa for 114,700 shares. The transaction is expected to close on July 18, 2023.

The company will issue shares through third-party allotment. The transaction has been approved by board of directors of the company.