Ohizumi Mfg. Co., Ltd. announced a private placement of 770,000 shares at an issue price of ¥1,039 per share for gross proceeds of ¥800,030,000 on June 9, 2022. The transaction is expected to close on June 27, 2022.

The company will receive funding through third party allotment of shares. The transaction was approved by the board of directors of the company.