Daiho Corporation announced a private placement of 8,500,000 common shares at a price of ¥4,750 per share for gross proceeds of ¥40,375,000,000 on March 24, 2022. The company will receive funding through third party allotment of capital. The transaction will include participation from ASO Corporation for 50.74% stake.

The company will pay expenses of ¥180,000,000 and will receive net proceeds of ¥40,195,000,000. The transaction is expected to close on July 19, 2022.