To finance the acquisition of Cosmonet shares, a loan agreement with financial covenants was executed with The Bank of Mitsubishi UFJ. 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Principal is 200 million yen, maturity is October 9, 2031, unsecured, and covenants include maintaining 100% ownership of Cosmonet.","jir_summary":"### Key Points of the Agreement\nBased on a resolution of the Board of Directors, the Company has entered into a loan agreement with financial covenants for the purpose of financing the acquisition of Cosmonet shares. The counterparty is The Bank of Mitsubishi UFJ, the principal amount is 200 million yen, the repayment maturity is October 9, 2031, and the loan is unsecured. The covenants include maintaining a 100% investment ratio in Cosmonet, maintaining positive ordinary income, and certain financial ratios (free cash flow \u00f7 total annual principal and interest payments >= 1.20), among others.\n\n### Future Impact and Disclosure Policy\nThe Company is currently examining the impact of this borrowing on consolidated results, including the effect of Cosmonet becoming a consolidated subsidiary. If a material impact on results arises, the Company plans to promptly disclose it.","jir_financial_highlights":"Loan principal under the loan agreement: 200 million yen (Unknown)\nRepayment maturity: 2031-10-09 (Unknown)","jir_category":"","jir_hashtags":"#TRUEDataIR, #DisclosureOfFinancialAgreementIsUncommon","jir_key_figures":"Loan principal under the loan agreement: 200 million yen\nRepayment maturity: 2031-10-09\nCollateral: Unsecured","jir_meta_title":"True Data Inc. Decides to Execute Loan Agreement with Financial Covenants\uff5cOctober 2026","jir_meta_description":"True Data Inc. has executed a loan agreement with financial covenants to finance the acquisition of Cosmonet shares. Principal is 200 million yen, maturity is October 9, 2031, unsecured, and other terms disclosed. The Company is currently examining the impact on its results.","jir_og_title":"True Data Inc. Decides to Execute Financial Agreement\uff5cOctober 2026","jir_og_description":"As part of financing the acquisition of Cosmonet shares, True Data Inc. has entered into a loan agreement with financial covenants with The Bank of Mitsubishi UFJ. Principal is 200 million yen, maturity in 2031. The Company will monitor the impact on its results.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":60555,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"general_ir","footnotes":""},"sector":[],"importance":[],"class_list":["post-128145","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n