Notice Regarding a Subsidiary’s Execution of a Loan Agreement Containing Financial Covenants | TESS Holdings Co.,Ltd. (5074) timely disclosure

Worth reading

40Recurring

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Direction

Neutral

Direction inferred from the company’s description.

Scale

8000

¥ million (loan principal)

Wording

Avoiding a definitive answer

How definitive the wording is.

Execution by a subsidiary of a loan agreement with financial covenants

Subject Entity

テス・エンジニアリング株式会社 (the Company's consolidated subsidiary)

Occurrence17 June 2026 (agreement decision date and execution date)

This disclosure06/17/2026

Cause

To finance the borrower's working capital

Accounting period in which recognized

Fiscal year ending June 2026 (no impact on consolidated results); fiscal year ending June 2027 (impact currently under review)

Impact on Earnings Forecast

There will be no impact on consolidated results for the fiscal year ending June 2026. The impact on consolidated results for the fiscal year ending June 2027 is currently under review, and the Company plans to make a timely disclosure if the impact is material.

Outlook

The impact on consolidated results for the fiscal year ending June 2027 is currently under review, and the Company plans to make a timely disclosure if the impact is material.

Planned follow-up disclosure

If the impact on the consolidated financial statements becomes material, the company plans to make a timely disclosure.

Event that occurred
Item	Details
Event name	Execution by a subsidiary of a loan agreement with financial covenants
Date of occurrence	17 June 2026 (agreement decision date and execution date)
Subject Entity	テス・エンジニアリング株式会社 (the Company's consolidated subsidiary)
Cause	To finance the borrower's working capital
Accounting period in which recognized	Fiscal year ending June 2026 (no impact on consolidated results); fiscal year ending June 2027 (impact currently under review)
Impact on Earnings Forecast	There will be no impact on consolidated results for the fiscal year ending June 2026. The impact on consolidated results for the fiscal year ending June 2027 is currently under review, and the Company plans to make a timely disclosure if the impact is material.
Outlook	The impact on consolidated results for the fiscal year ending June 2027 is currently under review, and the Company plans to make a timely disclosure if the impact is material.
Planned follow-up disclosure	If the impact on the consolidated financial statements becomes material, the company plans to make a timely disclosure.

Items this document does not state (17)

Date recognized / date notice receivedTarget Locations / ProductsAmount of Impact on Business PerformanceType 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 change

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 finance the borrower's working capital

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