Decision and Details
Financing through a new subordinated loan and early repayment of the existing subordinated loan (this refinancing)
To maintain the financial base and capital efficiency and diversify funding sources, while taking into account the restrictions on refinancing under the existing subordinated loan. The loan has no conversion right into common shares, so no equity dilution will occur.
The impact on consolidated results for the fiscal year ending September 2026 is expected to be immaterial.
| Item | Details |
|---|---|
| Matter Covered | Financing through a new subordinated loan and early repayment of the existing subordinated loan (this refinancing) |
| Decision Date | 29 June 2026 (contract execution date and disclosure date) |
| Implementation Date | 25 September 2026 (scheduled drawdown date for the new subordinated loan and early repayment date for the existing subordinated loan) |
| Period Covered | From the drawdown date of the new subordinated loan until the date 35 years thereafter, although early repayment is permitted in certain circumstances |
| Amount | Amount raised through the new subordinated loan: ¥10 billion; total early repayment of the existing subordinated loan: ¥10 billion |
| Impact on Business Performance | The impact on consolidated results for the fiscal year ending September 2026 is expected to be immaterial. |
| Reason | To maintain the financial base and capital efficiency and diversify funding sources, while taking into account the restrictions on refinancing under the existing subordinated loan. The loan has no conversion right into common shares, so no equity dilution will occur. |
| Related previous disclosures | Financing conducted in 2021 (title: Not disclosed) |
| Future plans | The new subordinated loan is scheduled to be drawn down on 25 September 2026, and the existing subordinated loan is scheduled to be repaid early on the same day. |
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.To maintain the financial base and capital efficiency and diversify funding sources, while taking into account the restrictions on refinancing under the existing subordinated loan.