Ihara Science Corporation (JASDAQ:5999) announced a private placement of treasury shares on May 10, 2019. The company will issue 300,000 common shares at a price of ¥1 per share for gross proceeds of ¥300,000 in the transaction. The transaction will include participation from Ihara Science Nakano Memorial Foundation. The transaction has been approved by the board of directors of the company and at the 72nd ordinary general meeting of shareholders of the company. The transaction is expected to close on July 19, 2019.