Kikuchi Seisakusho Co., Ltd. (JASDAQ:3444) announced a private placement of 12,500 1st series warrants at ¥665 per warrant for gross proceeds of ¥8,312,500 on March 20, 2015. The transaction will take place through third party allotment and will include participation from Nomura Securities Co., Ltd., Investment Arm. The application period of the warrants will end on April 7, 2015.

The payment date and the allotment date are April 7, 2015. Warrants to be issued have an exercise price revision terms. The warrants are exercisable into 1,250,000 common shares of the company at an initial exercise price of ¥1,838 per share from April 8, 2015 to April 6, 2018. The company expects to incur certain issue expenses in the transaction.

The transaction has been approved by its board of directors.