Decision and Details
Written resolution in lieu of a board resolution under Article 370 of the Companies ActBorrowing of funds
To fund medium- to long-term capital investment, including the maintenance and renewal of ropeway facilities mainly in the Hakuba area. The long-term fixed rates will limit future interest-rate risk and allow the company to continue stable growth investment.
The impact on current-period earnings is immaterial.
| Item | Details |
|---|---|
| Matter Covered | Borrowing of funds |
| Decision-Making Body | Written resolution in lieu of a board resolution under Article 370 of the Companies Act |
| Decision Date | 11 September 2026 |
| Implementation Date | Borrowings from domestic financial institutions are scheduled to be drawn in September 2026. Borrowings from 日本駐車場開発株式会社 are scheduled to be drawn as needed in line with investment execution from September 2026 onward. |
| Period Covered | 10 years from the borrowing date. The maturity date for borrowings from domestic financial institutions is September 2036. |
| Amount | Borrowings from domestic financial institutions: ¥2,500 million. Borrowings from 日本駐車場開発株式会社: ¥2,500 million. Total: ¥5,000 million. |
| Quantity / scale | Lenders: 5 domestic financial institutions and 日本駐車場開発株式会社. |
| Impact on Business Performance | The impact on current-period earnings is immaterial. |
| Reason | To fund medium- to long-term capital investment, including the maintenance and renewal of ropeway facilities mainly in the Hakuba area. The long-term fixed rates will limit future interest-rate risk and allow the company to continue stable growth investment. |
| Governing Rule | Article 370 of the Companies Act |
| Related previous disclosures | Corporate Governance Report disclosed on 22 October 2025 |
| Future plans | Borrowings from domestic financial institutions are scheduled to be drawn in September 2026. Borrowings from 日本駐車場開発株式会社 are scheduled to be drawn as needed in line with investment execution from September 2026 onward. |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To secure funds for medium- to long-term capital investment required to maintain and renew ropeway facilities including Hakuba Iwatake, Tsugaike and Hakuba Happo-one. The long-term fixed rates will also limit future interest-rate risk and allow the company to continue stable growth investment. Borrowings from the parent company can be drawn as investments are made, with principal repayments deferred for 5 years and early repayment available from the sixth year, enabling flexible financing in line with funding needs and cash flow.