Kakuyasu Group Co., Ltd. (TSE:7686) announced a private placement of 1,500,000 shares at a price of ¥1,479 per share for gross proceeds of ¥2,218,500,000 on May 12, 2021. The transaction will include participation from ITOCHU-SHOKUHIN Co., Ltd. (TSE:2692) and Mitsubishi Shokuhin Co., Ltd. (TSE:7451) for 750,000 shares each. The transaction is expected to close on May 28, 2021.

The company will receive funding through third party allotment of shares.