Taiyo Bussan Kaisha, Ltd. announced a private placement of 272,200 common shares at a price of ¥514 per share for gross proceeds of ¥139,910,800 on August 13, 2021. The transaction will include participation from new investor, Ebisu Shoji, K.K. for 136,100 shares, and Running Co., Ltd. for 136,100 shares and will acquire 8.50% stake in the company. The shares will be subscribed through third party allocation. The company will pay ¥3,500,000 for registration expenses, ¥7,000,000 for financial advisory expenses, and ¥1,500,000 for other administrative expenses in the transaction. The transaction has been approved by the board of directors of the company. The payment date is September 3, 2021.