Tsumura & Co.
Conclusion of Financial Covenants Attached Loan Agreement
Tsumura & Co. concluded a total unsecured loan agreement of 50 billion yen with a syndicate led by MUFG Bank as agent on January 16, 2026.
Key Figures
- Principal of Debt (Tranche A): 20,500 million yen
- Principal of Debt (Tranche B): 29,500 million yen
- Repayment Date (Tranche A): 2033-01-21
- Repayment Date (Tranche B): 2036-01-21
- Collateral: Unsecured
AI要約
Overview of Loan Agreement with Financial Covenants
On January 16, 2026, Tsumura & Co. concluded an unsecured loan agreement totaling 50 billion yen (Tranche A: 20,500 million yen, Tranche B: 29,500 million yen) with a syndicate led by MUFG Bank as agent. The repayment date is January 21, 2033 for Tranche A and January 21, 2036 for Tranche B. This agreement aims to promote proactive capital and business investments to realize the long-term management vision, supporting stable growth in the Japanese business and expansion of the Chinese business.
Financial Covenants and Future Outlook
The agreement includes financial covenants requiring that consolidated net assets be maintained at 75% or more of the most recent fiscal year-end or the end of the fiscal year ending March 2025, and that ordinary losses are not recorded in two consecutive fiscal years in the consolidated income statement. If these conditions are breached, lenders may demand acceleration of repayment. It is noted that the impact on consolidated financial results due to this agreement is minimal.
