GA technologies Co., Ltd.
Notice of Funds Borrowed Under a Financial Covenant-Attached Overdraft Agreement
To secure working capital, a loan of 3,996 million yen was obtained from Mizuho Bank without collateral or guarantee. It carries financial covenants requiring net assets to remain at 75% or higher, a profitable or non-loss year, and inventory turnover not exceeding 1.5 months. Effective 2026/09/14, mature on 2026/10/14, expected to have a minor impact.
Key Figures
- Borrowed amount: 3,996 million yen
- Effective date: September 14, 2026
- Lender: Mizuho Bank, Ltd.
AI要約
Overview
Today, we decided to secure funds under an overdraft facility with financial covenants. The borrowed amount is 3,996 million yen, the lender is Mizuho Bank, and the repayment due date is 2026年10月14日. No collateral or guarantee. The financial covenants include maintaining net assets at or above 75%, ensuring annual business profits do not incur losses, and keeping inventory turnover under 1.5 months. The anticipated impact on consolidated performance is minor.
Impact and Outlook
The borrowings aim to efficiently fund working capital. While the company could lose the benefit of the term if covenants are breached, the current wording suggests only a minor impact on consolidated results. Depending on covenant attainment, additional funding or adjustments to working capital may be considered.
GA technologies Co., Ltd.
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