Riso Kyoiku Co., Ltd. announced a private placement that it will issue 15,596,330 common shares at an issue price of ¥218 per share for the gross proceeds of ¥3,399,999,940 on April 8, 2024. The transaction will include participation from returning investor Hulic Co., Ltd. for 15,596,330 common shares. The transaction has been approved by shareholders of the company and is expected to close on May 28, 2024.

The company has disclosed the issue expenses of ¥76,999,940 and net proceeds of ¥3,323,000,000.