Worth reading
74In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
190
Hundreds of millions of yenWording
Conditional
How definitive the wording is.Decision and Details
Board of DirectorsBorrowing from the parent company and repayment of borrowings from domestic financial institutions
Decision13 May 2026
Period CoveredRepayment date: 31 December 2026 (prepayment permitted)
ImplementationBorrowing drawdown dates: first drawdown on 18 May 2026 and second drawdown on 19 May 2026 (scheduled); repayment date for existing borrowings: 18 May 2026 (scheduled)
Going forwardThe borrowings will be drawn down on 18 and 19 May 2026, and ¥14.8 billion in borrowings from 7 domestic financial institutions will be repaid on 18 May 2026. If any matters requiring disclosure arise in the future, the company will announce them promptly.
AmountBorrowing amount: ¥19 billion (credit limit); repayment amount for existing borrowings: ¥14.8 billion; amount allocated to working capital: ¥4.2 billion
Quantity / scaleRepayment of borrowings from 7 domestic financial institutions; the tender offeror is expected to acquire 48,373,328 shares on 18 May 2026
Reason
To repay all existing borrowings from financial institutions with funds borrowed from the tender offeror and consolidate the company’s lenders as part of the series of transactions to take the company private, while securing working capital for the future.
Impact on Business Performance
The impact of this borrowing on results for the fiscal year ending March 2027 will be immaterial.
| Item | Details |
|---|---|
| Matter Covered | Borrowing from the parent company and repayment of borrowings from domestic financial institutions |
| Decision-Making Body | Board of Directors |
| Decision Date | 13 May 2026 |
| Implementation Date | Borrowing drawdown dates: first drawdown on 18 May 2026 and second drawdown on 19 May 2026 (scheduled); repayment date for existing borrowings: 18 May 2026 (scheduled) |
| Period Covered | Repayment date: 31 December 2026 (prepayment permitted) |
| Amount | Borrowing amount: ¥19 billion (credit limit); repayment amount for existing borrowings: ¥14.8 billion; amount allocated to working capital: ¥4.2 billion |
| Quantity / scale | Repayment of borrowings from 7 domestic financial institutions; the tender offeror is expected to acquire 48,373,328 shares on 18 May 2026 |
| Impact on Business Performance | The impact of this borrowing on results for the fiscal year ending March 2027 will be immaterial. |
| Reason | To repay all existing borrowings from financial institutions with funds borrowed from the tender offeror and consolidate the company’s lenders as part of the series of transactions to take the company private, while securing working capital for the future. |
| Related previous disclosures | Corporate Governance Report published on 25 June 2025 |
| Future plans | The borrowings will be drawn down on 18 and 19 May 2026, and ¥14.8 billion in borrowings from 7 domestic financial institutions will be repaid on 18 May 2026. If any matters requiring disclosure arise in the future, the company will announce them promptly. |
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 repay existing borrowings and consolidate the company’s lenders as part of the series of transactions to take the company private, while securing working capital for the future.
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