Nousouken Corporation announced a private placement of 247,600 shares at a price of ¥404 per share for gross proceeds of ¥100,030,400 by third party allotment on May 10, 2022. The transaction will include participation from KOKUBU GROUP CORP. The transaction was approved by board of directors of the company.

The company will incur expenses of ¥6,870,000 in the transaction and will receive net proceeds of ¥93,160,400 in the transaction. The transaction is expected to close on May 30, 2022.