FRD Japan Co. announced that it will raise ¥21,000 million in an equity round of funding on July 20, 2023. The transaction will include participation from new investors, Air Water Inc., STI Foods Holdings,Inc., Sekisui Chemical Co., Ltd., HASEKO Corporation, Sumitomo Mitsui Trust Bank, Limited, MUFG Bank, Ltd. and returning investor, Mitsui & Co., Ltd. The company will issue shares through third party allocation method.