Watami Co., Ltd. announced a private placement to issue 100,000 common shares at an issue price of ¥893 per share for gross proceeds of ¥89,300,000 on July 24, 2023. The transaction will include participation from new investor, S Foods Inc. The transaction has been approved by the board of directors of the company. The company is raising funds through third-party allotment.

The company is expected to close the transaction on August 9, 2023.