Kyoritsu Electric Corporation (JASDAQ:6874) announced a private placement of 72,700 treasury shares at ¥1,375 per share for gross proceeds of ¥99,962,500 on September 3, 2014. The investor will acquire 1.66% stake in the company through this transaction. The transaction will include participation from Yoshicon Co.,Ltd. The transaction will close on September 19, 2014.

On September 19, 2014, Kyoritsu Electric Corporation closed the transaction.