Hitachi Transport System, Ltd. announced a private placement of 1 class B share at an issue price of ¥127,200,000,000 for a gross proceeds of ¥127,200,000,000 on January 25, 2023. The transaction will include participation from HTSK Co., Ltd. The company issued shares through third party allocation method. The transaction is expected to close on March 1, 2023.

The transaction has been approved by the board of directors of the company.