Nakamichi Leasing Co., Ltd. (SPSE:8594) announced a private placement of 70,000 treasury shares at ¥197 per share with returning investor Fuyo General Lease Co. Ltd. for gross proceeds of ¥13,790,000 on May 8, 2014. Investor will hold 10.01% stake in the company up from 3.28% post acquisition and placement of shares. The transaction is expected to close on May 26, 2014.

On May 25, 2014, Nakamichi Leasing Co., Ltd. closed the transaction.