Takachiho Koheki Co.,Ltd. announced a private placement of 107,000 common shares at an issue price of ¥2,631 per share for gross proceeds of ¥281,517,000 on March 10, 2023. The transaction has been approved at the board of directors of the company. The transaction will include participation from TOA Corporation.

The company is expected to close the transaction on March 27, 2023.