AP Holdings Co.,Ltd. announced that it will issue 1,428,700 common shares at an issue price of ¥455 per share for gross proceeds of ¥650,058,500 on February 13, 2023. Out of total gross proceeds of ¥325,029,250 will go towards share capital and ¥325,029,250 will go towards capital reserve. The transaction will include participation from Onodera Group Co., Ltd. for 439,600 shares, Hirano Associates Co., Ltd. for 219,800 shares and NSK Corporation for 109,900 shares and individual investors Yoichiro Nishi for 439,600 shares and Katsushi Ishida for 219,800 shares.

The transaction is expected close on March 1, 2023. The transaction has been approved by the board of directors of the company.