Tamakawa Mirai Factory Co., Ltd. announced private placement of 450 shares at a price of ¥10,000 per share for gross proceeds of ¥4,500,000 on September 23, 2020. The transaction will include participation from existing investor Insight Inc. (SPSE:2172) for 250 shares to own 60% stake, new investors Amerikaya Co., Ltd., Fukushima Enya Co., Ltd., Nomoto Kanko Bus Co., Ltd., and Yawataya Co., Ltd. for 50 shares each acquiring 10% stake each. The transaction has been approved by the board of directors of Insight Inc. (SPSE:2172) and shareholders of the company. The transaction is expected to close on September 25, 2020.