Ichinohe Forest Power Co., Ltd. announced a private placement of 2,000 type A preferred shares at ¥50,000 per share for gross proceeds of ¥100,000,000 with existing investor Fujikoh Company.,Limited on February 17, 2014. The transaction was approved at the board of directors' meeting of the investor. The company will inject ¥50,000,000 into capital and the capital reserve each.

As a result of the transaction, the capital of the company will increase from ¥20,000,000 to ¥70,000,000.