Nihonwasou Holdings, Inc.
Notice on Conclusion of Loan Agreement with Financial Covenants by Consolidated Subsidiary
Consolidated subsidiary Nichicure entered into a loan agreement with financial covenants with a city bank. Commitment line up to 500 million yen, term from 2026-09-28 to 2027-09-30, unsecured. A financial covenant requires maintaining standalone net assets at 80% or more year-over-year at fiscal period end. Future impact on results is expected to be minor; material matters will be disclosed promptly when they arise.
Key Figures
- Commitment line maximum amount: 500 million yen
- Contract period: 2026-09-28～2027-09-30
- Security: Unsecured
AI要約
Overview
Consolidated subsidiary Nichicure Co., Ltd. has entered into a loan agreement with financial covenants. The counterparty is a city bank, and the agreement is a commitment line with a maximum of 500 million yen. The contract period is from 2026-09-28 to 2027-09-30, and the loan is unsecured. As a financial covenant, the borrower is required to maintain the net assets section on its standalone balance sheet at 80% or more compared with the same period of the previous year at the fiscal period end.
Impact and Future Actions
The execution of this agreement is expected to have a minor impact on consolidated results, and the company will promptly disclose any matters that should be made public in the future. The funds are intended to secure working capital, and no material changes to the capital structure are anticipated.
Nihonwasou Holdings, Inc.
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