Toyo Asano Foundation Co., Ltd. (TSE:5271) announced a private placement of 300,000 common shares at a price of ¥159 per share for gross proceeds of ¥47,700,000 on June 28, 2017. New investor Neuteren Co., Ltd. will acquire 2.79% stake by acquiring treasury shares through third party allotment. The company intends to close the transaction on July 13, 2017.