Hikari Denki Sangyo Co., Ltd. announced a private placement of 1,000 shares at ¥50,000 per share for gross proceeds of ¥50,000,000 on May 22, 2014. The company will issue the shares to LuckLand Co., Ltd. The company entered into an agreement with the investor on the same date. The settlement period of the transaction is within one month from the confirmation of the revitalization plan.
On September 29, 2014, the company announced that it has concluded the agreement at its board of directors' meeting.
On October 15, 2014, Hikari Denki Sangyo Co., Ltd. closed the transaction. The investor acquired 100% stake of the company through this transaction.
LUCKLAND CO., LTD. is a Japan-based company mainly engaged in the production of store facilities. The Company is involved in the provision of research, planning and development, design, construction, supervision and maintenance services to create the ideal environment for a variety of facilities, including commercial facilities, retail and dining establishments. The Company is engaged in the planning and development, design, interior supervision, as well as the architectural planning, design, design supervision and consulting of commercial facilities and shops. The Company is involved in the electrical installation, instrumentation work, and sale of used equipment such as compartments and others. The Company is also involved in the plan, proposal, production and sale of custom furniture.
LUCKLAND CO., LTD. 
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