Land Business Co.,Ltd.
Notice Regarding Funds Borrowing and Repayment (Prepayment)
Prepayment of existing borrowings amounting to 1,597 million yen and execution of new borrowing totaling 1,600 million yen have been decided, with contract terms improved to include removal of financial covenants. Impact is expected to be minimal; future disclosures will be released as they occur.
Key Figures
- New borrowings: 1,600 million yen
- Prepayment of existing borrowings (before maturity): 1,597 million yen
- New borrowing execution date: September 11, 2026
- Repayment date (new borrowings): August 28, 2031
- Repayment date (existing borrowings): September 30, 2044
- Financial covenants: maintain net assets at 75% or more, two consecutive years of positive pre-tax consolidated income, etc.
AI要約
Key points of capital and financial position
We will reorganize funding through prepayment of existing borrowings and new borrowings. The new borrowing is 1,600 million yen from Asahi Shinkin Bank, with a variable interest rate (base rate + spread). Implementation date is 2026-09-11, and repayment date is 2031-08-28. Prepayment of existing borrowings is 1,597 million yen to Yokohama Bank, with a repayment date set to 2026-09-11. Collateral is provided for both, and there is no guarantee.
Impact going forward and financial policy
By improving contract terms to include the removal of financial covenants, we aim to maintain and strengthen our financial base. The impact on the results for the September 2026 term is expected to be minimal, and we will promptly disclose any matters that require future public announcements.
Land Business Co.,Ltd.
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