Kenzaisya Co., Ltd. announced a private placement of 1,200 common shares at ¥50,000 per share with existing investor Kuwazawa Trading Co. Ltd. for gross proceeds of ¥60,000,000 on November 12, 2014. The company will implement a capital reduction and then a capital increase for 100% stake. The shares will be issued through third party allocation and the investor will hold 100% stake in the company upon completion of the transaction. On the same date, the transaction was approved by the board of directors of the company. The payment date for the transaction is December 1, 2014. The transaction is subject to approval from Regional Economy Revitalization Corporation of Japan. The company reported net assets of ¥724,000,000, total assets of ¥3,356,000,000, sales of ¥5,168,000,000, operating profit of ¥156,000,000, and net profit of ¥149,000,000 for the year ended March 31, 2014.

On December 1, 2014, Kenzaisya Co., Ltd. closed the transaction.