Gokurakuyu Co., Ltd. (JASDAQ:2340) announced a private placement of 1,020,000 treasury common shares at ¥354 per share for gross proceeds of ¥361,080,000 on November 28, 2013. The transaction will include participation from Nippon Life Insurance Company, which will subscribe to 230,000 shares, Aidem Inc., Kamikiridokoro Inc., Kankyou-Systems, Inc. Co., KoseiShoji Co., Ltd., Fais Un Reve Co., Ltd., and Body Work Holdings Co., Ltd., which will subscribe to 100,000 shares each, Nishikawaya Co., Ltd. and Mizupura Co., Ltd. will subscribe to 50,000 shares each, Shigagenboku Co., Ltd. and Fujiox Co., Ltd., which will subscribe to 30,000 shares, Nagano Kousan Inc. which will subscribe to 10,000 shares, and individual investor, Ichiro Nagano, which will subscribe to 20,000 shares. The transaction will happen through third-party allotment.

The company expects to close the transaction on December 20, 2013.