Decision and Details
Partial changes to the financial covenants under loan agreements with financial covenants (syndicated loan agreements)
Following the partial changes to the financial covenants under the commitment line announced in the “Notice Regarding Changes to the Term and Financial Covenants under the Commitment Line Agreement with Financial Covenants” dated 24 April 2026, the company reviewed the terms of the covenant concerning the maintenance of net assets under the syndicated loans, which are long-term borrowings, on the same terms.
The impact of this amendment on the company’s consolidated results is reflected in the “Consolidated Financial Results Forecasts for the Fiscal Year Ending March 2027” in the “Summary of Financial Results for the Fiscal Year Ending March 2026,” scheduled to be announced on 15 May 2026
| Item | Details |
|---|---|
| Matter Covered | Partial changes to the financial covenants under loan agreements with financial covenants (syndicated loan agreements) |
| Decision Date | 30 April 2026 (date the amendment agreement was executed) |
| Implementation Date | 30 April 2026 (date the amendment agreement was executed; effective date of the changes: Not disclosed) |
| Amount | Syndicated loan agreement dated May 2022: total arranged amount of ¥13,800 million, balance at the end of March 2026 of ¥10,032 million; syndicated loan agreement dated September 2024, Tranche A: total arranged amount of ¥10,000 million, balance at the end of March 2026 of ¥7,858 million; Tranche B: total arranged amount of ¥10,000 million, balance at the end of March 2026 of ¥10,000 million; Tranche C: total arranged amount of ¥4,900 million, balance at the end of March 2026 of ¥4,900 million |
| Quantity / scale | 15 participating financial institutions in the syndicated loan agreement dated May 2022; participating financial institutions in the syndicated loan agreement dated September 2024: 14 for Tranche A, 13 for Tranche B and 4 for Tranche C |
| Impact on Business Performance | The impact of this amendment on the company’s consolidated results is reflected in the “Consolidated Financial Results Forecasts for the Fiscal Year Ending March 2027” in the “Summary of Financial Results for the Fiscal Year Ending March 2026,” scheduled to be announced on 15 May 2026 |
| Reason | Following the partial changes to the financial covenants under the commitment line announced in the “Notice Regarding Changes to the Term and Financial Covenants under the Commitment Line Agreement with Financial Covenants” dated 24 April 2026, the company reviewed the terms of the covenant concerning the maintenance of net assets under the syndicated loans, which are long-term borrowings, on the same terms. |
| Related previous disclosures | “Notice Regarding Changes to the Term and Financial Covenants under the Commitment Line Agreement with Financial Covenants” dated 24 April 2026 |
| Future plans | The impact of this amendment will be reflected in the consolidated results forecasts for the fiscal year ending March 2027, which are scheduled to be announced on 15 May 2026 |
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.Following the changes to the financial covenants under the commitment line announced on 24 April 2026, the company also reviewed the covenant concerning the maintenance of net assets under the syndicated loans, which are long-term borrowings, on the same terms.