Nippon Ski Resort Development Co.,Ltd.
Notice Regarding Funds Borrowing
Announces a 5.0 billion yen loan planned as mid- to long-term funding for facility investments centered in the Hakuba area. A loan of 2,500 million yen from five domestic financial institutions at fixed interest rates of 2.87%–3.62% (fixed) with a repayment period through September 2036, no collateral or guarantee. A loan from Nippon Parking Development Co., Ltd. of the same amount at a fixed rate of 3.17%, with 5-year grace and principal repayments in equal installments from year 6 onward. Implemented by a special resolution, ensuring appropriateness as a significant transaction with a controlling shareholder. Impact on this fiscal year's performance expected to be minimal.
Key Figures
- Borrowing amount (domestic financial institutions from 5 banks): 2,500 百万円
- Borrowing interest rate (fixed): 2.87％～3.62％
- Borrowing execution date (domestic financial institutions): 2026年9月
- Repayment due date (domestic financial institutions): 2036 年9月
- Borrowing amount (Nippon Parking Development Co., Ltd.): 2,500 百万円
AI要約
Overview
This notice relates to securing mid- to long-term funding for facility investments centered in the Hakuba area. The loan of 2,500 million yen from domestic financial institutions carries a long-term fixed rate of 2.87%–3.62% (based on notes as of September 9, 2026). Meanwhile, the same amount borrowed from Nippon Parking Development Co., Ltd. carries a fixed rate of 3.17%, with funds available as needed, a 5-year grace period, and the option of prepayment after year 6. Deliberated and approved as a transaction with a controlling shareholder, with pre-approval and consultative input from independent directors to protect minority shareholders.
Impact and Outlook
Impact on this fiscal year's performance is expected to be minimal, aiming to enhance financing flexibility and stabilize cash flow. The financing aligns with long-term capital investment plans and seeks to mitigate interest rate risks through long-term fixed-rate financing. The framework to ensure fair transactions and minority shareholder protection is maintained, with strengthened oversight by independent outside directors.
Nihon Ski Resort Development Co., Ltd.
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