Konaka Co.,Ltd.
Notice of changes to the repayment deadline of a monetary loan with financial covenants and changes to the covenants
Change in financial covenants and repayment deadline. Contract revisions including the subsidiary Samantha Thavasa Japan Limited decided on August 26, 2026. Impacts on the results for the fiscal year ending September 2026 are expected to be minimal.
Key Figures
- Repayment deadlines: Tranche A 2027 May 14, Tranche B 2026 December 30, Tranche C 2026 December 30
- Financial covenants: Maintain consolidated ordinary income and net income attributable to owners of parent at 90% or more of planned values; maintain consolidated net assets at 90% or more of the previous period; at interim and year-end, keep standalone total borrowings not exceeding working capital
- Outlook: Impact on 2026 September term earnings expected to be minimal
AI要約
Overview of the event
Our group has decided to change the repayment deadlines and covenants of loan agreements with financial covenants and has entered into new contracts. The targets apply to both consolidated and standalone, including the subsidiary Samantha Thavasa Japan Limited, with repayment deadlines changed for Tranches A, B, and C. The new covenants require maintaining targets such as ordinary income, net income, and net assets at 90% or more.
Impact and outlook going forward
The impact on the fiscal year 2026 performance is expected to be minimal, and the changes are intended to ensure funding stability and flexibility. The emphasis is on strengthening covenants to maintain the financial soundness of consolidated subsidiaries; there has not been a significant earnings revision disclosed in the latest financial results.
Concord Co., Ltd.
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