XICO, Inc. announced a private placement of 25 common shares at a price of ¥480,000 per share for gross proceeds of ¥12,000,000 on January 31, 2019. The transaction will include participation from new investor amana inc. (TSE:2402). The shares will issue through a third-party allotment. The transaction is expected to close on February 1, 2019. The transaction has been approved by board of directors of the investor.