Decision and Details
Board of DirectorsExecution of the syndicated commitment line agreement and the drawdown of borrowings under the facility
To eliminate the situation in which group companies hold cash on hand while also carrying borrowings, reduce interest expense, shrink total assets, improve capital efficiency, including ROE and ROIC, secure a flexible funding facility and strengthen the financial base
Fees and other costs associated with executing the agreement are expected to be recorded as non-operating expenses for the fiscal year ending September 2026.
| Item | Details |
|---|---|
| Matter Covered | Execution of the syndicated commitment line agreement and the drawdown of borrowings under the facility |
| Decision-Making Body | Board of Directors |
| Decision Date | 25 September 2026 |
| Implementation Date | 25 September 2026 (execution of the agreement and drawdown of borrowings; completed) |
| Period Covered | From 30 September 2026 to 29 September 2027 (the term may be extended by 1 year up to 2 times) |
| Amount | Total commitment amount: ¥8,000 million; amount drawn down on this occasion: ¥1,000 million; repayment of existing borrowings: more than ¥4 billion in total across the group |
| Quantity / scale | 3 guarantors; commitment period of 1 year (may be extended by 1 year up to 2 times) |
| Impact on Business Performance | Fees and other costs associated with executing the agreement are expected to be recorded as non-operating expenses for the fiscal year ending September 2026. |
| Reason | To eliminate the situation in which group companies hold cash on hand while also carrying borrowings, reduce interest expense, shrink total assets, improve capital efficiency, including ROE and ROIC, secure a flexible funding facility and strengthen the financial base |
| Future plans | Fees and other costs associated with the agreement are expected to be recorded as non-operating expenses for the fiscal year ending September 2026. The company will promptly disclose any matters requiring disclosure that arise in the future. |
Items this document does not state (2)
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 eliminate the situation in which group companies hold cash on hand while also carrying borrowings, thereby reducing interest expense, shrinking total assets and improving capital efficiency, including ROE and ROIC. The company also seeks to strengthen its financial base by securing a flexible funding facility that allows it to draw the amount needed when needed.