Ito Yogyo Co., Ltd (TSE:5287) announced a private placement of 192,000 common shares at ¥780 per share for gross proceeds of ¥149,760,000 on June 27, 2014. The company will issue the shares to existing investor, Japan Trustee Services Bank, Ltd which is a trust account. The transaction is by way of disposal by 3rd party allocation.

On closing, the investor will increase its stake in the company from 7% to 12.38%. The transaction is expected to close by August 4, 2014. The transaction was approved by the board of directors of the company.