Worth reading
69In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
23.4
¥100 millionWording
Conditional
How definitive the wording is.Decision and Details
Board of DirectorsBorrowing of funds
Decision21 August 2026
Period CoveredThe borrowing period will be approximately 6–7 months or 6 months. The special current account overdraft agreement will be closed when the project is completed.
Implementation26 August 2026 (contract signing scheduled) and September 2026 (contract signing scheduled). Borrowings are scheduled to be drawn down in line with procurement progress for the tungsten project.
Going forwardThe total borrowings are expected to peak at approximately ¥2.34 billion around October 2026. Repayment will begin in stages from January 2027, and the full amount is expected to have been repaid as of the end of March 2027.
AmountTotal borrowings of ¥2.34 billion: ¥700 million from MUFG Bank, Ltd., ¥1.0 billion from Sumitomo Mitsui Banking Corporation, ¥340 million from Senshu Ikeda Bank, and ¥300 million from Nippon Life Insurance Company.
Reason
To address the risk of surging prices and procurement difficulties for tungsten and other materials, as well as the temporary increase in working capital associated with the tungsten project.
Impact on Business Performance
Already reflected in the consolidated earnings forecasts for the second quarter (interim period) and full fiscal year ending March 2027.
| Item | Details |
|---|---|
| Matter Covered | Borrowing of funds |
| Decision-Making Body | Board of Directors |
| Decision Date | 21 August 2026 |
| Implementation Date | 26 August 2026 (contract signing scheduled) and September 2026 (contract signing scheduled). Borrowings are scheduled to be drawn down in line with procurement progress for the tungsten project. |
| Period Covered | The borrowing period will be approximately 6–7 months or 6 months. The special current account overdraft agreement will be closed when the project is completed. |
| Amount | Total borrowings of ¥2.34 billion: ¥700 million from MUFG Bank, Ltd., ¥1.0 billion from Sumitomo Mitsui Banking Corporation, ¥340 million from Senshu Ikeda Bank, and ¥300 million from Nippon Life Insurance Company. |
| Impact on Business Performance | Already reflected in the consolidated earnings forecasts for the second quarter (interim period) and full fiscal year ending March 2027. |
| Reason | To address the risk of surging prices and procurement difficulties for tungsten and other materials, as well as the temporary increase in working capital associated with the tungsten project. |
| Governing Rule | Although this does not fall under the timely disclosure standards, the Company has determined that it is useful information and is making a voluntary disclosure. |
| Related previous disclosures | Notice Regarding Revisions to the Consolidated Earnings Forecasts for the Second Quarter (Interim Period) and Full Fiscal Year Ending March 2027, and Revisions to the Interim and Year-End Dividend Forecasts (Dividend Increase), announced on 10 August 2026 |
| Future plans | The total borrowings are expected to peak at approximately ¥2.34 billion around October 2026. Repayment will begin in stages from January 2027, and the full amount is expected to have been repaid as of the end of March 2027. |
Items this document does not state (1)
Quantity / scale
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 address the risk of surging prices and procurement difficulties for tungsten and other materials, as well as the temporary increase in working capital arising from the large tungsten project.
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