NSM Suwa Solar Energy LLC announced that it intends to receive ¥340,100,000 in an equity round of funding on February 25, 2016. The company will issue membership units to the inevstors. Returning investor, Nissin Shoji Co., Ltd. will invest ¥204,060,000 in funding to maintain its stake at 60% in the company.

Other returning investor, Mitsubishi UFJ Lease & Finance Company Limited will invest ¥136,040,000 to maintain its stake at 40% in the company. Post transaction, the capital of the company will increase from ¥100,000 to ¥340,200,000. The company will enter into a contract with the investors and will receive Nissin Shoji Co., Ltd. board approval on February 26, 2016.

The transaction is expected to close on March 16, 2016.