Komori
Occurring Fact3489FaithNetwork Co.,LtdReal Estate

Notice Regarding the Execution of a Loan Agreement with Financial Covenants

The Board of Directors resolved to enter into an agreement under which the Company will borrow ¥1.4 billion in principal from a regional bank to acquire development land for property held for sale. The agreement is scheduled to be executed on 30 November 2026 and includes financial covenants requiring the Company to avoid losses for 2 consecutive fiscal periods and maintain its net assets.

Worth reading
30Immaterial
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
1400
¥ million (loan principal)
Wording
Conditional
How definitive the wording is.

Execution of a Loan Agreement Containing Financial Covenants

Subject Entity

FaithNetwork Co.,Ltd (filing company)

Target Locations / Products

Land (development site)

Occurrence13 November 2026 (date of the Board of Directors' resolution)
This disclosure11/13/2026
Cause

To acquire land for property held for sale developed by the Company

Amount of Impact on Business Performance

Amount not disclosed (the impact on results for the fiscal year ending March 2027 is immaterial)

Accounting period in which recognized

Fiscal year ending March 2027 (impact on results from execution of this agreement)

Impact on Earnings Forecast

No impact on the earnings forecast disclosed. The impact on results for the fiscal year ending March 2027 is immaterial.

Outlook

The impact on results for the fiscal year ending March 2027 from execution of this monetary loan agreement is immaterial.

Event that occurred
ItemDetails
Event nameExecution of a Loan Agreement Containing Financial Covenants
Date of occurrence13 November 2026 (date of the Board of Directors' resolution)
Subject EntityFaithNetwork Co.,Ltd (filing company)
Target Locations / ProductsLand (development site)
CauseTo acquire land for property held for sale developed by the Company
Amount of Impact on Business PerformanceAmount not disclosed (the impact on results for the fiscal year ending March 2027 is immaterial)
Accounting period in which recognizedFiscal year ending March 2027 (impact on results from execution of this agreement)
Impact on Earnings ForecastNo impact on the earnings forecast disclosed. The impact on results for the fiscal year ending March 2027 is immaterial.
OutlookThe impact on results for the fiscal year ending March 2027 from execution of this monetary loan agreement is immaterial.
Items this document does not state (16)
Date recognized / date notice receivedType of litigation or proceedingCourt or authorityPlaintiffDefendantDate of filing / date of actionClaim amount / surcharge amountAmount of receivables at risk of non-collection or delayed collectionSuspended operationsScheduled resumption dateInvestigation structureMeasures to prevent recurrenceDirectors' and officers' liabilityVoting rights ownership percentage before the changeVoting rights ownership percentage after the changePlanned follow-up disclosure

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 acquire land for property held for sale developed by the Company.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding the Execution of a Loan Agreement with Financial Covenants | FaithNetwork Co.,Ltd (3489) timely disclosure | Komori