Crops Corporation announced a private placement of 420,000 common shares at issue price of ¥1033 per share for an aggregate gross proceeds of ¥433,860,000 on December 7, 2022. The transaction will include participation from KDDI Corporation. The transaction is expected to close on January 31, 2023.

The company issues shares through third-party allotment. The transaction has been approved by the board of directors of the company.