Japan Property Management Center Co., Ltd. (TSE:3276) announced a private placement of 25,000 series five warrants at a price of ¥296 per warrant for gross proceeds of ¥7,400,000 and 20,000 series six warrants at a price of ¥150 per warrant for gross proceeds of ¥3,000,000, for total gross proceeds of ¥10,400,000 on November 15, 2018. Number of potential shares through this issuance 4,500,000 shares. Each warrant is exercisable into 100 shares. The minimum exercise price for the warrants is ¥902, the number of potential shares in relation to the warrants is 4,500,000 even at the minimum exercise price. The initial exercise price of series five warrants and series six warrants at ¥1,288 and ¥1,674 respectively. The warrants will be issued by a way of third party allocation. The warrants have an exercise period starting December 4, 2018 to December 3, 2020. The expected date of allocation is December 3, 2018. The transaction has been approved by the board of directors of the company.