RIGHT ON Co., Ltd. announced a private placement of 2,000,000 shares at the price of ¥717 per share for gross proceeds of ¥1,434,000,000 on October 12, 2021. The transaction will include participation from existing investor Toyoshima & Co.,Ltd. which will increase stake from 0.47% to 7.2% through third party allotment. The transaction has been approved by the board of directors of the company. The company will receive net proceeds of ¥1,424,000,000 and the issuance expenses would be ¥10,000,000. The transaction is expected to close on October 28, 2021.