K-Art-Factory Co., Ltd. announced a private placement of 90 common shares at a price of ¥450,000 per share with new investor, Adjuvant Cosme Japan Co.,Ltd. for gross proceeds of ¥40,500,000 on April 24, 2014. The shares will be issued by third-party allotment. The investor will acquire 10.6% stake in the company through this transaction.

The transaction has been approved in board of directors' meeting of the investor. The scheduled payment date is May 13, 2014. The company reported total assets of ¥397,751,000 and net assets of ¥300,325,000 for the year ending December 31, 2013.