Matsuoka Corporation announced a private placement of 48 units of stock acquisition rights for gross proceeds of ¥1,500,000,000 on September 9, 2022. The transaction includes participation from Development Bank of Japan Inc. The acquisition rights will be exercised to purchase 1,605,900 shares of company at an exercised price of ¥934 per share. The transaction is expected to close on September 28, 2022.

The transaction has been approved by the board of directors of the company.