Establishment of Security Interests over Parent-Owned Shares in Consolidated Subsidiaries in Connection with Loans to the Parent Company
Wedge Holdings CO.,LTD., 昭和ホールディングス株式会社, 株式会社日本橋本町菓子処, 明日香食品株式会社, 昭和ゴム株式会社, 株式会社ルーセント
The loans to 昭和ホールディングス株式会社 have remained unpaid for an extended period, and immediate repayment is difficult given the company's operating performance and financial condition. The balance of loans to 昭和ホールディングス株式会社 has accumulated, including loans from 株式会社日本橋本町菓子処.
Loans to 昭和ホールディングス株式会社: ¥388 million; loans to 株式会社日本橋本町菓子処: ¥845 million
Related procedures
Establishment of security interests (revolving pledges)
The revolving pledges will be established promptly once preparations are complete. No changes have been finalized to the terms of the credit facility agreement with 昭和ホールディングス株式会社, and discussions will continue. The Company will prioritize restoring the soundness of its financial condition and securing independence from its parent company, and will promptly disclose any event requiring disclosure in the future.
The Company will promptly disclose any event requiring disclosure in the future.
| Item | Details |
|---|---|
| Event name | Establishment of Security Interests over Parent-Owned Shares in Consolidated Subsidiaries in Connection with Loans to the Parent Company |
| Date of occurrence | 25 June 2026 (the date on which the Representative Director and President decided to establish the revolving pledges. The security interests themselves are scheduled to be established promptly once preparations are complete.) |
| Subject Entity | Wedge Holdings CO.,LTD., 昭和ホールディングス株式会社, 株式会社日本橋本町菓子処, 明日香食品株式会社, 昭和ゴム株式会社, 株式会社ルーセント |
| Cause | The loans to 昭和ホールディングス株式会社 have remained unpaid for an extended period, and immediate repayment is difficult given the company's operating performance and financial condition. The balance of loans to 昭和ホールディングス株式会社 has accumulated, including loans from 株式会社日本橋本町菓子処. |
| Type of litigation or proceeding | Establishment of security interests (revolving pledges) |
| Amount of receivables at risk of non-collection or delayed collection | Loans to 昭和ホールディングス株式会社: ¥388 million; loans to 株式会社日本橋本町菓子処: ¥845 million |
| Outlook | The revolving pledges will be established promptly once preparations are complete. No changes have been finalized to the terms of the credit facility agreement with 昭和ホールディングス株式会社, and discussions will continue. The Company will prioritize restoring the soundness of its financial condition and securing independence from its parent company, and will promptly disclose any event requiring disclosure in the future. |
| Planned follow-up disclosure | The Company will promptly disclose any event requiring disclosure in the future. |
Items this document does not state (17)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The outstanding loans to the parent company are substantial, no repayments have been made to date, and its financial condition makes immediate repayment difficult. The Company also states that measures to secure the receivables have become necessary because the loans have remained outstanding for an extended period and the balance has accumulated in response to the parent company's funding needs.