The Kyoto Hotel, Ltd. (TSE:9723) announced a private placement of 61,394 treasury common shares at ¥759 per share for gross proceeds of ¥46,598,046 on February 10, 2017. The transaction will include participation from Sagawa Printing Co.,Ltd. The company expects to close the transaction on February 27, 2017. The company will issue securities through third party allotment method. The company will pay expenses of ¥10,000 in the transaction. The company will receive net proceeds of ¥46,588,046 in the transaction.