Hiramatsu Inc. (TSE:2764) announced a private placement of 5,000,000 common shares at a price of JPY 340 per share for gross proceeds of JPY 1,700,000,000 on March 8, 2019. The transaction will include participation from individual investor Masafumi Mori. The transaction will take place through third party allotment method. The company will pay issue expenses of JPY 95,000,000 including registration-related expenses, securities registration statement preparation expenses, advisory fee, attorney fee and raise net proceeds of JPY 1,605,000,000. The transaction is expected to close on March 8, 2019.