Hibino Corporation announced a private placement of 35,000 common shares at a price of ¥1,385 per share for gross proceeds of ¥48,475,000 on November 7, 2022. The transaction will include participation from individual investor Keisuke Onuma. The company will issue the securities through third-party allotment.

The transaction has been approved in the board of directors meeting. The transaction is expected to close on December 1, 2022.