Kasai Kogyo Co., Ltd announced a private placement of 5,827,274 Class A Preferred Stock at issue price JPY 1,029.640961 for gross proceeds JPY 6,000,000,001.370314 on May 9, 2024. Payment period from June 28, 2024 to February 9, 2025. The offering is made on using the method of third-party allocation.

The transaction includes participation from new investor, Nissan Motor Sales Co., Ltd.