Japan Animal Referral Medical Center Co., Ltd. announced a private placement of 400,000 common shares at an issue price of ¥2,028 per share for the gross proceeds of ¥811,200 on December 8, 2022. The transaction will include participation from KCP Equity Assist No. 1 and Sanritsu Service Co.

Ltd. The transaction has been approved by the shareholders of the company. The transaction is expected to close on December 26, 2022. The shares are restricted to a hold period.