Hoden Seimitsu Kako Kenkyusho Co., Ltd announced a private placement of 3,546,100 common shares at an issue price of ¥564 per share for the gross proceeds of ¥2,000,000,400 on January 30, 2024. The transaction will include participation from new investor Mitsubishi Heavy Industries, Ltd. The transaction has been approved by the board of directors of the company and is expected to close between February 15, 2024 and April 15, 2024. The company has paid issuance expenses of ¥40,963,001 and net proceeds will be ¥1,959,037,399.