Ichinohe Forest Power Co., Ltd. announced a private placement of 7,000 type A preferred shares at ¥50,000 per share for gross proceeds of ¥175,000,000 on June 30, 2014. The company will issue the shares to existing investor Fujikoh Company Limited. The transaction was approved at the board of directors' meeting of the investor.

As a result of the transaction, the capital of the company will increase from ¥70,000,000 to ¥245,000,000.