Kodama Chemical Industry Co.,Ltd. (TSE:4222) announced a private placement of 282,975 treasury shares at ¥94 per share for gross proceeds of ¥26,599,650 on August 12, 2015. The transaction will include participation from The Master Trust Bank of Japan, Ltd., Investment Arm. The shares will be issued through third party allotment method.

The placement date is August 27, 2015. The transaction has been approved by the board of directors. The company will not incur any issue expenses in the transaction.