Kimuratan Corporation (TSE:8107) announced a private placement of 13,043,400 common shares at a price of ¥23 per share for the gross proceeds of ¥299,998,200 on December 25, 2020. The transaction will include participation from individual investor Koji Kiyokawa. The transaction has been approved by board of the company. The transaction is expected to close on January 12, 2021.