ASKUL Corporation
Notice Regarding Conclusion of Special Overdraft Agreement
ASKUL Corporation plans to conclude an unsecured special overdraft agreement totaling 50 billion yen with Sumitomo Mitsui Banking Corporation, MUFG Bank, and Mizuho Bank on January 15, 2026.
Key Figures
- Maximum Borrowing Limit: 50 billion yen (unsecured)
- Scheduled Contract Date: 2026-01-15
- Contract Period: 1 year
AI要約
Overview of the Special Overdraft Agreement
ASKUL Corporation resolved to enter into an unsecured special overdraft agreement totaling 50 billion yen with Sumitomo Mitsui Banking Corporation, MUFG Bank, and Mizuho Bank, as a measure to prepare for liquidity deterioration of cash on hand due to system disruption caused by a ransomware attack on October 19, 2025. The contract period is one year, and interest will be applied based on the base interest rate plus a spread. The scheduled contract conclusion date is January 15, 2026.
Impact on Business Results and Future Actions
The impact of this agreement on the business results for the fiscal year ending May 2026 is expected to be minor. Any impact on business results caused by the system issue will be disclosed promptly once determined. This fund procurement aims to secure agile and stable financing and strengthen the financial base to support renewed sales growth.
