Kawagishi Bridge Works Co., Ltd. announced a private placement of 70,000 common shares at a price of ¥2,771 per share for the gross proceeds of ¥193,970,000 on May 26, 2023. The transaction will include participation from new investor, Iida Transport Co.,Ltd. The shares will be issued through third-party allotment of shares. The transaction is expected to close on June 12, 2023.

The transaction has been approved by the shareholders of the company. As a part of transaction, the company will pay ¥470,000 as disposal costs.