Toyo Tec Co. Ltd. (TSE:9686) announced a private placement of 130,800 treasury shares at ¥1,169 per share for gross proceeds of ¥152,905,200 on February 18, 2015. The transaction will include participation from a new investor, Japan Trustee Services Bank, Ltd., acting as a trustee on account of investor.

As part of the transaction, the investor will acquire 2.06% stake in the company. The transaction has been approved by the board of directors of the company. The transaction will take place through third party allocation.

The disposal date for the transaction is March 11, 2015.