Nippon Chemi-Con Corporation announced a private placement of 10,000 Class A shares at an issue price of JPY1,000,000 per share for the gross proceeds of JYP10,000,000,000 and a private placement of 5,000 Class B shares at an issue price of JPY1,000,000 per share for the gross proceeds of JYP5,000,000,000 on October 10, 2023. The transaction includes participation from new investor Japan Industrial Solutions III Investment Limited Partnership. The transaction has been approved by the shareholders of the company.

The transaction is expected to close on December 27, 2023.