Mitachi Co., Ltd.
Notice on Funds Borrowed Under a Committed Line Contract with Financial Covenants
Revised total committed line of 15.0 billion yen; 5.3 billion yen borrowed for working capital (1 month) with no collateral. Covenant conditions require consolidated net assets to remain at least at the prior year-end level and ordinary income not to be negative. Impact on future results anticipated to be minor.
Key Figures
- Borrowing amount: 5.3 billion yen (breakdown: Mitsubishi UFJ Bank 3.0 billion yen, Mizuho Bank 2.3 billion yen)
- Total bank loan facility: 15.0 billion yen
- Borrowing date: September 30, 2026 (scheduled)
AI要約
Purpose and conditions of financing
On September 25, 2026, a revised total bank loan facility of 15.0 billion yen will be allocated to working capital, with a borrowings amount of 5.3 billion yen. Lenders are Mitsubishi UFJ Bank and Mizuho Bank, with a breakdown of 3.0 billion yen and 2.3 billion yen respectively. Interest rate is base rate plus spread, no collateral. Covenants require consolidated net assets to be at least the prior year-end level and neither bank’s ordinary income to be negative.
Outlook and impact
The impact on consolidated results is expected to be minor, with the primary purpose to secure working capital to improve liquidity. As it is an unsecured one-month loan, the immediate impact on financial soundness is consideredlimited.
Mitachi Co., Ltd.
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