Myotoku Ltd. (JASDAQ:6265) announced a private placement of 780 1st series warrants at an issue price of ¥3,703 for gross proceeds of ¥2,888,340 on January 15, 2018. The transaction will involve participation from Daiwa Securities Co., Ltd., Investment Arm. The warrants will be exercisable from February 2, 2018 to February 3, 2018 at an exercise price of ¥555. The company announced that it will incur issue expenses of ¥5,000,000. The estimated net amount will be ¥430,788,340. The transaction was approved by the board of directors. The transaction is expected to close on February 1, 2018.