Akita Green Power Co., Ltd. announced private placement of common share for gross proceeds of ¥280 million on May 1, 2017. The transaction will included participation from returning investor Takeei Corporation (TSE:2151) which will invest ¥205 million and Kadowaki Mokuzai, K.K. which will invest ¥10 million and new investors Saisan Co., Ltd. which will invest ¥20 million for 7.1% stake, Veolia Japan KK which will invest ¥30 million for 10.7% stake, and Miyagi Consumer’s Cooperative Society which will invest ¥15 million for 5.4% stake. As a result of the transaction, the company’s registered capital will increase from ¥10 million to ¥280 million. Takeei Corporation’s and Kadowaki Mokuzai, K.K.’s investement in the company will increase from ¥9 million to ¥205 million and ¥1 million to ¥10 million respectively and stake in the company will reduce from 90% to 73.2% and from 10% to 3.6% respectively.