Yamato Industry Co., Ltd. announced that it has issued 315,000 newly issued shares at a price of ¥650 price per share for gross proceeds of ¥204,750,000 on November 22, 2022. The transaction will include participation from new investor IAT Co., Ltd. for 33.04% stake. After the closing of the transaction Nagata Paper Industry Co., Ltd. will have 14.42% stake in the company.

The transaction does not need to be submitted to the Board of Directors and the General Meeting of Shareholders for deliberation. The transaction has been approved by relevant Japanese authorities.