Syuppin Co., Ltd. announced a private placement to issue 457,456 shares of common stock of the company at a price of ¥1,093 per share for the gross proceeds of ¥499,999,408 on March 27, 2024. The transaction will include participation from new investor, SIGMAXYZ Investment Inc. The company will issue shares through third-party allotment. The transaction is expected to close on April 15, 2024.

The transaction has been approved by the board of directors of the company.