Taiyo Kisokogyo Co.,Ltd announced a private placement of 19,200 common shares at an issue price of Ñ5,150 per share for aggregate proceeds of Ñ98,880,000 on November 14, 2022. The transaction include participation from new investor Tokura Corporation. The company will receive funds through third party allotment of capital.

The transaction has been approved by board of directors of the company. The transaction is expected to close on November 30, 2022. The company will have 114,126 common shares after completion of the transaction.

The company will pay estimated disposal costs of Ñ100,000.