Toyo Engineering Corporation
Execution of a Loan Agreement Containing Financial Covenants
Entered into a loan agreement with financial covenants for working capital with a syndicate including city banks. The principal is 7,200 million yen, maturities run from 2026/9/30 to 2029/9/28. Financial covenants require no consecutive ordinary losses for two fiscal years from the fiscal year ending March 2027 and maintaining net assets at or above 32.7 billion yen or 75% of the most recent fiscal year-end net assets, whichever is higher. The impact on future consolidated results is expected to be minor.
Key Figures
- Principal: 7,200 million yen
- Repayment period: 2026/9/30 〜 2029/9/28
- Net assets maintenance requirement: 32.7 billion yen or at least 75% of the most recent net assets, whichever is higher
AI要約
Overview and Contract Terms
Toyo Engineering Corporation entered into a loan agreement containing financial covenants for the purpose of working capital. The counterparty is a syndicate including city banks. The principal amount is 7,200 million yen, and the repayment period is from 2026-09-30 to 2029-09-28. No collateral has been provided.
Financial Covenants and Impact
The covenants require that, from the fiscal year ending March 2027 onward, consolidated ordinary income must not record losses for two consecutive fiscal years, and that consolidated net assets from the second quarter of the fiscal year ending March 2027 onward must be maintained at 32.7 billion yen or at least 75% of the most recent fiscal year-end net assets, whichever is higher. These conditions are intended to secure financial soundness.
Toyo Engineering Corporation
Company overview · Stock price · Financial data · All IR
