Riso Kyoiku Co., Ltd. announced a private placement of 6,500,000 common shares at a price of ¥443 per share for gross proceeds of ¥2,879,500,000 on October 27, 2021. The transaction will include participation from returning investor Hulic Co., Ltd. through third-party allotment. The transaction has been approved in the board of directors meeting of the company.

Post the transaction, the investor's stake holding in the company will increase from 11.61% to 20.66%. The payment date is from November 12, 2021 to November 29, 2021. The company will receive net proceeds of ¥2,829,500,000 after deduction of issuance expenses.