Nihon Seimitsu Co., Ltd. (JASDAQ:7771) announced a private placement of shares and warrants for gross proceeds of ¥203,013,000 on July 17, 2015. The company will issue 730,000 common shares to Shingo Sato at a price of ¥274 per share for gross proceeds of ¥200,020,000. The company will issue 730 3rd series prepaid warrants to Haruo Saza at ¥4,100 per warrant for gross proceeds of ¥2,993,000.

The warrants will be exercisable at ¥274,000 per share from August 7, 2015 to August 6, 2016. All securities will be issued by third party allotment. The transaction will include participation from an individual investor.

The payment date is on August 6, 2015.