Sanko Sangyo Co.,Ltd. announced a private placement to issue 500,000 common shares at an issue price of ¥390 per share for the gross proceeds of ¥195,000,000 and 1,000,000 common shares at an issue price of ¥390 per share for the gross proceeds of ¥390,000,000 for the aggregate gross proceeds of ¥585,000,000 on January 22, 2024. The company will issue shares through third-party allotment. The transaction will include participation from new investors such as Etsumi Optical Co.,Ltd. and SYS Inc. The transaction is expected to close on February 7, 2024.

The transaction has been approved by the board of directors of the company.