Kuramoto Co., Ltd. announced a private placement to issue 1,624,000 common shares at an issue price of ¥ 117 per share for the gross proceeds of ¥190,008,000 and 35,715 series 3 stock acquisition rights at an issue price of ¥191 per right for the gross proceeds of ¥6,821,565; aggregate gross proceeds of ¥196,829,565 on March 1, 2024. The transaction will include participation from new investors Toshiyuki Watanabe 1,196,600 shares, Nasu Material Corporation 427,400 shares and Toshiyuki Watanabe for 35,715 series 3 stock acquisition rights. The transaction has been approved by the shareholders of the company.

The transaction of common shares is expected to close from March 25, 2024 to April 10, 2024 and series 3 rights is expected to close on April 10, 2024. The exercise price of the right is ¥140 and total amount of financing is ¥506,831,565 and out of which series 3 is ¥6,821,565 and Exercise of stock acquisition rights is ¥500,010,000.