Kimuratan Corporation announced that it will issue 27,000,000 shares at an issue price of ¥21 per share for proceeds of ¥567,000,000 on April 6, 2023. The transaction will include participation from Hideo Sawada. The transaction is expected to close on April 24, 2023.

The shares to be issued through Third-Party Allotment. The company will receive net proceeds of ¥563,167,000.