Kimuratan Corporation (TSE:8107) announced a private placement for gross proceeds of ¥494,369,000 on July 6, 2018. The company will issue 14,700,000 common shares at ¥33 per share for gross proceeds of ¥485,100,000 to new investor, Raison Direction Co., Ltd. The company will issue 4,300,000 11th warrants at ¥1.83 per warrant for gross proceeds of ¥7,869,000 which will be exercisable into common shares of the company with an exercise price of ¥0.45 per share from July 24, 2018 to July 23, 2023. The company will issue 3,300,000 12th warrants at ¥0.42 per warrant for gross proceeds of ¥1,386,000 which will be exercisable into common shares of the company with an exercise price of ¥0.65 per share from July 24, 2018 to July 23, 2023. The company will issue 2,000,000 13th warrants at ¥0.07 per warrant for gross proceeds of ¥140,000 which will be exercisable into common shares of the company with an exercise price of ¥0.90 per share from July 24, 2018 to July 23, 2023. As part of the round, the investor will acquire 13.24% stake from shares subscription. The payment date is July 23, 2018. The company will issue securities through third party allotment method. The board of directors of the company approved the transaction.