Kansai Pado Corporation announced a private placement on 200 shares for gross proceeds of ¥20 million on August 22, 2023. The transaction will include participation from returning investor, Chuco Co., Ltd. with 51.2% stake post completion of the transaction. The company issued shares through third party allocation method.

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