Data Horizon Co.,Ltd.
Notice Regarding Increase in Borrowing Facility from Parent Company
DeSC increased its borrowing facility with its parent company Data Horizon Co.,Ltd. by 800 million yen to a total of 3,600 million yen. The purpose is rapid funding to address an anticipated working capital shortfall. Impact on the current and next fiscal year is expected to be minor. Measures to ensure independence and protection of minority shareholders have been taken, ensuring fairness.
Key Figures
- Total borrowing facility: 3,600 million yen (of which increase: 800 million yen)
- Borrowed amount: 2,800 million yen
- Borrowing period: 2025-03-31 to 2028-03-31
AI要約
Background and Purpose of Fundraising
DeSC is in an investment phase and requires working capital during the fiscal term due to accumulated past deficits and seasonal effects. To meet increased working capital needs accompanying revenue growth, the borrowing facility with parent company Data Horizon Co.,Ltd. has been increased by up to 800 million yen to a total of 3,600 million yen. This transaction is a means to achieve rapid fundraising and aims to stabilize the financial base.
Transaction Terms and Ensuring Fairness and Independence
Lender: Data Horizon Co.,Ltd.; No collateral or guarantees; Default interest rate: 14.5% per annum. To ensure fairness, opinions were obtained from three independent outside directors, confirming that the transaction terms do not materially differ from ordinary third-party transaction terms. The interest rate was validated against market rates and other factors for reasonableness, and no interest rate change was made.
Data Horizon Co.,Ltd.
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