Ukai Co., Ltd announced a private placement of 358,800 common shares at ¥2,787 per share for gross proceeds of ¥999,975,600 on March 14, 2022. The transaction will include participation from new investor Ukai Shoji Kk, and returning investor, Keio Corporation will subscribe to 179,400 shares each by third party allocation method. The company will bear various issuance costs of ¥10,000,000 to receive net proceeds of ¥989,975,600.

The transaction is expected to close on March 30, 2022.