Hulic Co., Ltd.
Regarding the Conclusion of a Loan Agreement with Financial Covenants
On June 25, 2025, a syndicated loan agreement of 173.5 billion yen was executed. It includes financial covenants requiring consolidated ordinary income not to be negative for two consecutive fiscal periods from the fiscal year ending December 2025 and maintaining net assets at 75% or more.
Key Figures
- Borrowed Amount: 173,500 million yen (Syndicated Loan)
- Loan Agreement Date: 2025-06-25
- Repayment Period: End of December 2025 to June 30, 2032
AI要約
Overview of Loan Agreement with Financial Covenants
The Company executed a syndicated loan agreement of 173.5 billion yen on June 25, 2025. This loan is a long-term borrowing arranged to finance the acquisition of Rethsum Co., Ltd., and it is unsecured. The financial covenants require that consolidated ordinary income shall not be negative for two consecutive fiscal periods as of each fiscal year-end from the fiscal year ending December 2025, and that the total amount of net assets shall not fall below 75% of the amount at the end of the immediately preceding fiscal year.
Disclosure Delay and Future Outlook
Although the loan agreement was decided on June 16, 2025, we apologize for the delayed disclosure as a contract containing financial covenants. We will strengthen our internal control system to prevent recurrence. The impact on the results for the fiscal years ending December 2025 and December 2026 is expected to be minimal. Should any material impact arise, we will disclose promptly.
