Kourakuen Holdings Corporation announced a private placement of 669,000 shares at an issue price of ¥1,017 per share for proceeds of ¥680,373,000 on July 12, 2023. The transaction is expected to close on July 31, 2023. The transaction was approved by the board of directors of the company.

The transaction will include participation from new investors ARIAKE JAPAN Co., Ltd. for 294,900 shares, Nn Asset Management Co., Ltd. for 196,600 shares, yamamori inc. for 98,300 shares, Asahi Group Holdings, Ltd. for 29,400 shares, Mikuro Co., Ltd. for 30,000 shares, Hanamaruki Foods Inc. for 9,800 shares, Tamanoi Vinegar Corporation for 5,000 shares and Tsutomu Harino for 5,000 shares. The company will receive net proceeds of ¥674,338,000.