Kimuratan Corporation announced that it has entered into a purchase agreement with Japan International Partners LLC for private placement of 355,000 Stock Acquisition Rights at a price of ?34 per Stock Acquisition Right for the gross proceeds of ?12,070,000 on October 8, 2021. The Stock Acquisition Rights will be exercisable into 35,500,000 shares at a price of ?13 per share with each Stock Acquisition Right exercisable into 100 shares. The company will raise funds through third party allotment. The transaction was approved by the board of directors of the company. The securities will have a hold period of 180 days from the closing date.