Irie Koken Co., Ltd. announced that it has signed an agreement for a private placement of 9,000 shares at a price of ¥4000 per share for the gross proceeds of ¥36,000,000 on March 19, 2021. The transaction will include participation from Naigai Tec Corporation. The transaction has been approved by board of directors of the investors. The transaction is expected to close on March 29, 2021.