Hakata Takumi Kougei Inc. announced a private placement of 36,000 common shares at a price of ¥520 per share for gross proceeds of ¥18,720,000 on June 1, 2018. The transaction will involve participation from Kyosho Corporation for 10,000 shares, Tonoichi Co.,Ltd. for 2,000 shares, Shinoda Co.,Ltd. for 2,000 shares, Tonami Orimono K.K. for 5,000 shares, Kimura Jitsugyo K.K. for 5,000 shares, individual investors Masaaki Nagashima for 5,000 shares, Tamotsu Moriyama and Sakae Minami for 2,000 shares each, and Kojiro Yoshida for 1,000 shares. The shares will be issued by a way of third party allotment. The transaction is expected to close on June 29, 2018. The transaction has been approved by the board of directors of the company.