Powered Process Consulting Co., Ltd. announced a private placement of unsecured convertible bonds and warrants for gross proceeds of ¥200,000,000 on December 28, 2016. The bonds have fixed interest rate of 5% per annum and will mature after 3 years from the closing date. The bonds are convertible into 2,000 common shares after 3 years from the closing of the transaction. The transaction has been approved by board of the directors of the investor.