Hagiwara Electric Holdings Co., Ltd. announced that it has entered into purchase agreement with investor for private placement of 11,000 3rd stock acquisition rights at an issue price of ¥1,049 per stock acquisition right for gross proceeds ¥11,539,000 on April 3, 2023. The transaction will include participation from returning investor, SMBC Nikko Securities Inc., Investment Arm. Each stock acquisition right is exercisable into 100 common shares at a price of ¥3,330 and will receive proceeds of ¥36,630,000 with net proceeds of ¥3,662,539,000 yen (approximate amount after deduction) on post exercise of stock acquisition rights.

The stock acquisition rights are issued through a third-party allotment method. The transaction has been approved by the board of directors of the company.