Ishikawa Seisakusho, Ltd. (TSE:6208) announced a private placement of 12,700,000 common shares at a price of ¥80 per share with new investor, Rengo Co. Ltd. for gross proceeds of ¥1,016,000,000 on February 14, 2013. The shares will be issued by third party allocation. The board of the company approved the transaction. The shares will represent 19.96% stake in the company. The payment date is March 4, 2013.

On March 4, 2013, Ishikawa Seisakusho, Ltd. closed the transaction. The capital of the company increased from ¥4,533,846,076 to ¥5,041,846,076.