ZOZO, Inc.
Notice Regarding Conclusion of Loan Agreement with Financial Covenants
ZOZO, Inc. entered into a 12.5 billion yen commitment line agreement on March 13, 2026, to prepare for future M&A funding needs.
Key Figures
- Loan Limit: 12.5 billion yen
- Contract Date: 2026-03-13
- Net Asset Maintenance Condition: 13.6 billion yen or more (consolidated balance sheet)
AI要約
Overview of the Contract Conclusion
At the Board of Directors meeting held on February 20, 2026, ZOZO, Inc. resolved to enter into a 12.5 billion yen commitment line agreement (syndicated) to ensure a flexible and stable funding method to prepare for future capital needs such as M&A. The contract date is March 13, 2026, and the contract period is from March 31, 2026, to March 30, 2027, with the possibility of extension up to 5 years. The lenders are Sumitomo Mitsui Banking Corporation, Keiyo Bank, and Kansai Mirai Bank, and the loan agreement is unsecured.
Financial Covenants and Future Outlook
The contract includes financial covenants that require maintaining a consolidated net asset total of 13.6 billion yen or more at the end of the fiscal year ending March 2026 and at each subsequent fiscal year-end, as well as not recording an ordinary loss in the consolidated statement of income. The impact on consolidated results for the fiscal year ending March 2026 is expected to be minimal. If any matters to be disclosed arise in the future, they will be promptly announced.
