SHIFT Inc.
Notice Regarding Borrowing of Funds
SHIFT Inc. plans to execute a borrowing of 17.7 billion yen on March 31, 2026, to fund the acquisition of Nissay Com Inc.
Key Figures
- Borrowing Amount: 17,700 million yen
- Borrowing Execution Date: 2026-03-31
- Borrowing Period: 2026-03-31 to 2027-03-31
AI要約
Purpose and Overview of Borrowing
SHIFT Inc. has decided to borrow a total of 17.7 billion yen to fund the acquisition of Nissay Com Inc. The borrower is Mizuho Bank, Ltd., with the borrowing execution date set for March 31, 2026. Repayment will be made as a lump sum on the due date, and no collateral is involved. The borrowing period is one year, and the interest rate is based on the Japanese yen TIBOR plus a spread.
Outlook
The impact on business performance and financial condition is expected to be minimal; however, should there be any significant business changes, timely disclosure will be made.
SHIFT Inc.
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