JAPAN MATERIAL Co., Ltd. (TSE:6055) announced a private placement of 19,800 treasury shares at a price of ¥3,580 per share for gross proceeds of ¥70,884,000 on November 17, 2016. The transaction will include participation from Ang Swee Meng and Koh Yong Meng. The transaction is expected to close on December 12, 2016.