Decision and Details
Board of DirectorsBorrowing of funds by a consolidated subsidiary and a debt guarantee by the Company
To raise construction funds and a portion of the funds related to the land and building (capital expenditure funds) in order to advance the hotel construction plan on the site known as Kyoto Hachijocho. The purpose is also to facilitate the subsidiary's financing.
The impact on the Company's consolidated results for the fiscal year ending July 2026 is expected to be minor. If it becomes clear that the matter will have a material impact on results, the Company will disclose this promptly.
| Item | Details |
|---|---|
| Matter Covered | Borrowing of funds by a consolidated subsidiary and a debt guarantee by the Company |
| Decision-Making Body | Board of Directors |
| Decision Date | 24 June 2026 |
| Implementation Date | 29 June 2026 (scheduled loan and guarantee execution date) |
| Period Covered | From the scheduled loan execution date through 31 December 2044, the repayment due date (repayment due date is scheduled) |
| Amount | Loan amount: ¥200,000,000; guarantee amount: ¥200,000,000 (all obligations comprising the loan principal and any related interest and other amounts) |
| Impact on Business Performance | The impact on the Company's consolidated results for the fiscal year ending July 2026 is expected to be minor. If it becomes clear that the matter will have a material impact on results, the Company will disclose this promptly. |
| Reason | To raise construction funds and a portion of the funds related to the land and building (capital expenditure funds) in order to advance the hotel construction plan on the site known as Kyoto Hachijocho. The purpose is also to facilitate the subsidiary's financing. |
| Related previous disclosures | It is stated that disclosure was previously made regarding the acquisition of land in Kyoto Hachijocho, but the disclosure date and title are Not disclosed |
| Future plans | The borrowing and debt guarantee are scheduled to be executed on 29 June 2026. If it becomes clear that the matter will have a material impact on results, the Company will disclose this promptly. |
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 raise construction funds and capital expenditure funds related to the land and building in order to advance the hotel construction plan on the site known as "Kyoto Hachijocho," and to facilitate the subsidiary's financing.