Decision and Details
Board of DirectorsAgreement to amend the loan agreement with Showcase Inc. (extension of the repayment deadline and changes to the borrowing rate and other terms)
As the repayment deadline approached, the company requested an extension to make effective use of surplus funds and reached an agreement following repeated discussions and negotiations. The borrowing rate was changed in light of the rise in interest-rate indices accompanying changes in financial conditions.
| Item | Details |
|---|---|
| Matter Covered | Agreement to amend the loan agreement with Showcase Inc. (extension of the repayment deadline and changes to the borrowing rate and other terms) |
| Decision-Making Body | Board of Directors |
| Decision Date | 17 April 2026 |
| Implementation Date | 21 April 2026 (scheduled; extension start date) |
| Period Covered | Within one year from 21 April 2026 (repayment deadline) |
| Amount | Loan amount: ¥1 billion; borrowing rate: changed from 1.0% per annum (fixed) to 2.53% per annum (fixed) |
| Reason | As the repayment deadline approached, the company requested an extension to make effective use of surplus funds and reached an agreement following repeated discussions and negotiations. The borrowing rate was changed in light of the rise in interest-rate indices accompanying changes in financial conditions. |
| Related previous disclosures | Loan agreement entered into on 18 April 2025 |
| Future plans | The Bank will promptly make disclosure if any matter requiring public disclosure arises. |
Items this document does not state (3)
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.As the repayment deadline approached, the company requested an extension to make effective use of surplus funds. Following repeated discussions and negotiations, it agreed to extend the repayment deadline and revise the method for calculating interest. The borrowing rate was also changed in light of the rise in interest-rate indices accompanying changes in financial conditions.