Y. S. Food Co., Ltd. (JASDAQ:3358) announced a private placement of 287,300 treasury shares at ¥297 per share with JFLA Holdings Inc. (JASDAQ:3069) for gross proceeds of ¥85,328,100 on March 2, 2015. Post to the transaction, the investor will hold 7.42% stake in the company. The transaction will take place through third party allocation.

The transaction has been approved by the board of directors of the company. The company has signed the contract with the investor. The payment date for the transaction is March 17, 2015.