Decision and Details
Representative Director and President (based on authority delegated at meetings of the Board of Directors held on 9 August 2024 and 12 September 2025)Provision of shares in subsidiaries as security for consolidated subsidiaries (establishment of revolving pledges)
Outstanding borrowings exceed ¥1.2 billion, and immediate repayment is impossible given the Company's financial condition. The borrowings have effectively been fixed for an extended period and the outstanding balance has accumulated, making it impossible to immediately raise repayment funds through other financing methods. In addition, the credit facilities are approaching their limits, making further increases to the facility limits and renewal of the agreements necessary to meet future funding needs.
| Item | Details |
|---|---|
| Matter Covered | Provision of shares in subsidiaries as security for consolidated subsidiaries (establishment of revolving pledges) |
| Decision-Making Body | Representative Director and President (based on authority delegated at meetings of the Board of Directors held on 9 August 2024 and 12 September 2025) |
| Decision Date | 25 June 2026 |
| Implementation Date | Both security interests are scheduled to be established promptly once preparations are complete. |
| Amount | Outstanding borrowings: ウェッジ社 ¥388 million; 日本橋本町菓子処 ¥845 million; total ¥1.23 billion. Credit facility limits: ウェッジ社 ¥450 million; 日本橋本町菓子処 ¥850 million. Collateral values: 日本橋本町菓子処 ¥30,857,687; 明日香食品株式会社 ¥71,886,528; 昭和ゴム株式会社 ¥1; 株式会社ルーセント ¥1; 株式会社ウェッジホールディングス ¥257,661,180 |
| Quantity / scale | Shares subject to the security interests: 株式会社日本橋本町菓子処 13,077 shares (54.49%); 明日香食品株式会社 4,032 shares (40.32%); 昭和ゴム株式会社 9,540 shares (90%); 株式会社ルーセント 540 shares (90%); 株式会社ウェッジホールディングス 10,826,100 shares (25.48%) |
| Reason | Outstanding borrowings exceed ¥1.2 billion, and immediate repayment is impossible given the Company's financial condition. The borrowings have effectively been fixed for an extended period and the outstanding balance has accumulated, making it impossible to immediately raise repayment funds through other financing methods. In addition, the credit facilities are approaching their limits, making further increases to the facility limits and renewal of the agreements necessary to meet future funding needs. |
| Related previous disclosures | “Notice Concerning Changes in Representative Directors” announced on 22 June 2026; credit facility agreements approved at meetings of the Board of Directors held on 9 August 2024 and 12 September 2025 |
| Future plans | The security interests will be established promptly once preparations are complete. Discussions will continue with ウェッジ社 and 日本橋本町菓子処 regarding increases to the credit facility limits and changes to the terms of the credit facility agreements, and the Company will proceed with raising the business funds it requires. If any event arises that requires disclosure, the Company will disclose it promptly. |
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.Outstanding borrowings have increased to more than ¥1.2 billion, and it is impossible to raise funds by other means to immediately repay borrowings that have effectively been fixed for an extended period. In addition, the credit facilities are approaching their limits, making it necessary to increase the facility limits and renew the agreements in order to meet future funding needs.