T.O. Holdings Co.,Ltd. (JASDAQ:9812) announced a private placement of 97,500 shares at a price of ¥770 per share for gross proceeds of ¥75,075,000 on January 17, 2018. The transaction will include participation from NAGAWA Co., Ltd. (TSE:9663) for 65,000 shares and The Michinoku Bank, Ltd. (TSE:8350) for 32,500 shares. The shares will be issued through third party allotment method.

The company will incur issue expenses of ¥1,000,000 including expenses related to legal fees, and expenses for creation of documents such as the securities registration statement. The payment date is February 1, 2018. The transaction has been approved by the board of directors of the company.