Taiyo Bussan Kaisha, Ltd. announced a private placement of 333,600 common shares at a price of ¥514 per share for gross proceeds of ¥315,585,600 on August 16, 2022. The shares will be subscribed through third party allocation. The company will pay ¥50,969,914 as issuance expenses brining net proceeds ¥798,948,366.

The transaction has been approved by the board of directors of the company. The payment date is September 1, 2022.