Worth reading
70In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
500000000
¥Wording
Avoiding a definitive answer
How definitive the wording is.Decision and Details
Board of DirectorsBorrowing of funds and entry into an overdraft facility agreement
Decision25 June 2026
Period CoveredFrom the date the agreement was entered into through 30 June 2027
Implementation30 June 2026 (the agreement was entered into and the loan was drawn down)
Going forwardThe agreement expires on 30 June 2027. The impact on consolidated results for the fiscal year ending September 2026 is currently being assessed.
AmountBorrowing amount: ¥500 million; overdraft interest rate: base rate + spread
Quantity / scaleA benefit payment project covering approximately 2.82 million households, with benefits worth ¥5,500 per household and a total project value of approximately ¥15 billion
Reason
To meet temporary working capital needs associated with the implementation of a large-scale benefit payment project for a local government
Impact on Business Performance
Financial expenses, including interest expense, are expected to arise. The impact on consolidated results for the fiscal year ending September 2026 is currently being assessed.
| Item | Details |
|---|---|
| Matter Covered | Borrowing of funds and entry into an overdraft facility agreement |
| Decision-Making Body | Board of Directors |
| Decision Date | 25 June 2026 |
| Implementation Date | 30 June 2026 (the agreement was entered into and the loan was drawn down) |
| Period Covered | From the date the agreement was entered into through 30 June 2027 |
| Amount | Borrowing amount: ¥500 million; overdraft interest rate: base rate + spread |
| Quantity / scale | A benefit payment project covering approximately 2.82 million households, with benefits worth ¥5,500 per household and a total project value of approximately ¥15 billion |
| Impact on Business Performance | Financial expenses, including interest expense, are expected to arise. The impact on consolidated results for the fiscal year ending September 2026 is currently being assessed. |
| Reason | To meet temporary working capital needs associated with the implementation of a large-scale benefit payment project for a local government |
| Related previous disclosures | Disclosure published on 25 June 2026: “Supporting benefit payments worth ¥5,500 per household to approximately 2.82 million households, with a total value of approximately ¥15 billion, under the Hokkaido Government’s emergency economic measures to address rising prices” |
| Future plans | The agreement expires on 30 June 2027. The impact on consolidated results for the fiscal year ending September 2026 is currently being assessed. |
Items this document does not state (1)
Governing Rule
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 meet temporary working capital needs associated with the implementation of a large-scale benefit payment project for a local government
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