Wood Friends Co.,Ltd. (JASDAQ:8886) announced a private placement of 120 treasury shares at ¥249,900 per share with Chiyoda Ute Co., Ltd. for gross proceeds of ¥29,988,000 on April 15, 2013. The company will receive the net proceeds of ¥29,288,000. The company will issue shares through third party allotment.

The application date for the transaction is April 16, 2013. The disposal date for the transaction is May 1, 2013. The company will pay issuance expenses of ¥700,000 in the transaction.

The transaction was approved at the company's board of directors' meeting.