Riso Kyoiku Co., Ltd. announced that it expects to receive ¥1.000008 billion in funding from Nihon Doro Koun Co.,Ltd.
July 20, 2020
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Riso Kyoiku Co., Ltd. (TSE:4714) announced a private placement of 3,508,800 common shares at a price of ¥285 per share for gross proceeds of ¥1,000,008,000 on July 21, 2020. The transaction will involve participation from returning investor Nihon Doro Koun Co.,Ltd. The transaction will take place through third party allotment. The company will pay ¥35,000,000, resulting in net proceeds pf ¥965,000,000. The transaction is expected to close on August 6, 2020. The transaction has been approved by the board of directors of the company.
RISO KYOIKU CO., LTD. is a Japan-based company mainly engaged in the provision of private education services. The Company has five business segments. The Cram Schools segment is engaged in the provision of educational and preparatory courses through individualized instructions to students in all grades. The Tutor Dispatched Education segment is engaged in the provision of educational and preparatory courses by sending home tutors to students in all grades. The Children Education segment is engaged in the provision of instructions for prestigious kindergartens and primary schools entrance examinations. The School Individual Instructions segment is engaged in the provision of educational and preparatory courses through individual guidance booths in schools. The Personality Camp Training Education segment is engaged in the provision of personality training instructions. The Company is also engaged in the English conversation school business and the student recruitment business.
RISO KYOIKU CO., LTD. 
