Nippon RAD Inc. (JASDAQ:4736) announced a private placement of 64,500 common shares at ¥310 per share with Seal Consulting Co., Ltd. for gross proceeds of ¥19,995,000 on January 9, 2014. The company will issue the securities through third party allocation. On the same date, the board of directors of the company approved the transaction.

On January 24, 2014, Nippon RAD Inc. closed the transaction.