A&D Company, Limited (TSE:7745) announced a private placement of 1,122,000 treasury shares at ¥407 per share with new investor, Denso Corp. for gross proceeds of ¥456,654,000 on February 8, 2013. The investor will acquire a 5% stake in the company through this transaction.

The company will receive the net proceeds of ¥456,514,000 after deducting various issuance expenses of ¥140,000. The shares will be issued through third party allotment. The disposal date is February 27, 2013.

The transaction was approved at the company's board of directors' meeting.