Verite Co., Ltd.
Notice Regarding Execution of Loan Agreements with Financial Covenants
Announced a policy to disclose individual borrowings with financial covenants when principal equals or exceeds the threshold amount. Applicable to 24 borrowings for the periods April 1, 2025–March 31, 2026 and April 1, 2026–September 30, 2026; borrowings with principal at or above the threshold will be disclosed. Future borrowings will be disclosed as they occur. The Mitsubishi UFJ Bank borrowing is planned to be rolled over after October 30, 2026. No impact on operating results. Affected borrowings are with domestic banks and unsecured.
Key Figures
- Threshold amount: 446.7 million yen (10% of net assets as of the fiscal year ended March 2025) / 422.0 million yen (for agreements executed on or after April 1, 2026)
- Maximum borrowing amount: Mitsubishi UFJ Bank 1,200 million yen / Mizuho Bank 800 million yen
- Number of target borrowings: Total 24 cases (separate categories for April 1, 2025–March 31, 2026 and April 1, 2026–September 30, 2026)
AI要約
Change in Disclosure Policy and Scope
The Company has decided on a policy to individually disclose borrowings under loan agreements with financial covenants when the principal amount equals or exceeds the threshold amount. The scope covers borrowings executed between April 1, 2025 and March 31, 2026 and borrowings executed on or after April 1, 2026, totaling 24 cases. Existing small borrowings (below the threshold) are excluded. Going forward, disclosures will be made at the time of execution.
Future Impact and Contract Status
The borrowing from Mitsubishi UFJ Bank is scheduled to be rolled over every three months after October 30, 2026. This disclosure relates to the practice of rollovers that do not involve fund transfers, and the Company states there is no impact on results. The disclosed borrowings are with domestic banks and are unsecured.
Verite Co., Ltd.
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