Meiho Enterprise Co., Ltd. announced a private placement of 5,878,900 common shares at a price of ¥175 for the gross proceeds of ¥1,028,807,500 on December 22, 2022. The transaction will include participation from individual investors, Mitsuru Yabuki for 5,347,000 shares and Satoshi Kuwabata for 531,900 shares. The shares were issued through third-party allotment of shares.

The transaction has been approved by the shareholder's of the company.