Stanley Electric Co., Ltd.
Notice Regarding Execution of Loan Agreement with Financial Covenants
Stanley Electric plans to enter into an unsecured loan agreement of 70 billion yen with two city banks on April 17, 2026, as funds for acquiring shares for the subsidiary conversion of Iwasaki Electric.
Key Figures
- Loan Agreement Principal: 70 billion yen (planned)
- Contract Signing Date: April 17, 2026 (planned)
- Repayment Deadline: April 22, 2027 (planned)
AI要約
Overview of Loan Agreement with Financial Covenants
Stanley Electric Co., Ltd. plans to enter into an unsecured loan agreement of 70 billion yen with two city banks on April 17, 2026, to finance the acquisition of shares of Iwasaki Electric Co., Ltd. (subsidiary conversion). This agreement includes a financial covenant requiring the consolidated net assets as stated on the consolidated balance sheet to be maintained at no less than 449.2 billion yen or 75% or more of the net assets at the end of the immediately preceding consolidated fiscal year, whichever is higher.
Future Outlook and Impact
The impact on consolidated financial results for the fiscal year ending March 2027 based on this agreement is expected to be minor, and any material impact will be promptly disclosed. No collateral is set, and the repayment deadline is scheduled for April 22, 2027.
