Worth reading
68In 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
200
¥ hundred millionWording
Conditional
How definitive the wording is.Decision and Details
Board of DirectorsExecution of a commitment line agreement and early repayment of a subordinated loan agreement
Decision27 May 2026
Period CoveredThe commitment line agreement has a term of 2 years.
ImplementationThe commitment line agreement is scheduled to be executed on 30 June 2026, the subordinated borrowing is scheduled to be repaid early on 30 June 2026, and the loan agreement with Mitsubishi Corporation Financial Services Co., Ltd. is also scheduled to be terminated on the same day.
Going forwardSubject to the proposal for partial amendments to the Articles of Incorporation being approved at the 98th Annual General Meeting of Shareholders scheduled for June 2026, the Company plans to execute the commitment line agreement on 30 June 2026 and make an early repayment of the subordinated borrowing on the same day. The loan agreement with Mitsubishi Corporation Financial Services Co., Ltd. is also scheduled to be terminated on the same day.
AmountCommitment line borrowing limit: ¥20 billion; borrowing amount under the subordinated loan agreement: ¥20 billion
Reason
To secure a stable and flexible funding structure in response to working capital needs.
Impact on Business Performance
This matter will have no impact on the Company's results for the current fiscal year (fiscal year ending March 2027).
| Item | Details |
|---|---|
| Matter Covered | Execution of a commitment line agreement and early repayment of a subordinated loan agreement |
| Decision-Making Body | Board of Directors |
| Decision Date | 27 May 2026 |
| Implementation Date | The commitment line agreement is scheduled to be executed on 30 June 2026, the subordinated borrowing is scheduled to be repaid early on 30 June 2026, and the loan agreement with Mitsubishi Corporation Financial Services Co., Ltd. is also scheduled to be terminated on the same day. |
| Period Covered | The commitment line agreement has a term of 2 years. |
| Amount | Commitment line borrowing limit: ¥20 billion; borrowing amount under the subordinated loan agreement: ¥20 billion |
| Impact on Business Performance | This matter will have no impact on the Company's results for the current fiscal year (fiscal year ending March 2027). |
| Reason | To secure a stable and flexible funding structure in response to working capital needs. |
| Related previous disclosures | 28 January 2026, “Notice Regarding the Agreement on the Redemption Policy for Class A Preferred Shares and Partial Amendments to the Articles of Incorporation”; 28 March 2024, “Notice Regarding the Renewal of the Loan Agreement with Mitsubishi Corporation Financial Services Co., Ltd.” |
| Future plans | Subject to the proposal for partial amendments to the Articles of Incorporation being approved at the 98th Annual General Meeting of Shareholders scheduled for June 2026, the Company plans to execute the commitment line agreement on 30 June 2026 and make an early repayment of the subordinated borrowing on the same day. The loan agreement with Mitsubishi Corporation Financial Services Co., Ltd. is also scheduled to be terminated on the same day. |
Items this document does not state (2)
Quantity / scaleGoverning 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 secure a stable and flexible funding structure in response to working capital needs.
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