Aohata Corporation (TSE:2830) announced a private placement of 200,000 common shares at a price of ¥2,707 per share for gross proceeds of ¥541,400,000 on October 17, 2018. The transaction will include participation from existing investor, Kabushiki Kaisha Nakashimato Shoten. The investor's stake in the company will increase from 8.83% to 11.03%. The company will issue shares through third-party allotment. The transaction is expected to close on November 16, 2018. The company will pay transaction expenses including, attorneys' fees, financial advisory fees, and registration fees of ¥15,300,000.