Nichireki Co., Ltd. announced a private placement of 497,000 shares at a price of ¥2,009 for the gross proceeds of ¥998,473,000 on October 16, 2023. The shares will be issued through third party method of allocation. The transaction is expected to close on November 2, 2023.

As a part of the transaction, the company will pay ¥1,000,000 as issuance cost.