Densan Co., Ltd. announced a private placement to issue 80,000 common shares at an issue price of ¥1,555 per share for the gross proceeds of ¥124,400,000 on October 31, 2023. The transaction will include participation from new investor Toppan Edge Services Inc. The transaction has been has been approved by the shareholders of company and is expected to close on November 17, 2023.