MTE&S Co., Limited announced a private placement of common shares for gross proceeds of ¥399,000,000 on October 10, 2017. The transaction will involve participation from Ricoh Leasing Company, Ltd. (TSE:8566) and Toppan Forms Co., Ltd. (TSE:7862). The transaction will take place in two tranches.

The company closed its first tranche with Ricoh Leasing Company, Ltd. (TSE:8566) and will close its second and final tranche with Toppan Forms Co., Ltd. (TSE:7862) on October 27, 2017.