TORICO Co., Ltd. announced that it has entered into capital and business alliance agreement with new investor Tay Two Co., Ltd. to issue 300,000 common shares at an issue price of ¥1,068 per share for the gross proceeds of ¥320,400,000 on March 29, 2024. The company has disclosed the issue expenses of ¥6,000,000 and the net proceeds of ¥314,400,000. The transaction has been approved by the shareholders of the company and is expected to close on April 15, 2024.