Decision and Details
Board of DirectorsBorrowing of funds from the parent company, NOVA Holdings Co., Ltd.
To secure funding for the opening of 24/7SPORTS CLUB locations. Opening free-standing locations in regional cities requires substantial funds to acquire fixed assets. The borrowing will therefore be undertaken in accordance with the financial support policy under the capital and business alliance agreement.
The impact on results for the current fiscal year, the fiscal year ending November 2026, is expected to be immaterial. The impact from the fiscal year ending November 2027 onward will be reviewed and disclosed.
| Item | Details |
|---|---|
| Matter Covered | Borrowing of funds from the parent company, NOVA Holdings Co., Ltd. |
| Decision-Making Body | Board of Directors |
| Decision Date | 27 July 2026 |
| Implementation Date | The agreement is scheduled to be signed on 28 July 2026, and the initial drawdown is scheduled for 31 July 2026. |
| Period Covered | The commitment period is scheduled to run from 31 July 2026 to 31 March 2027. The repayment period is 60 months, from April 2027 through March 2032. |
| Amount | Borrowing amount: ¥276 million; maximum amount under the lending facility: ¥475 million; borrowing rate: floating rate (Mizuho Bank's base rate plus 0.8%); delinquency damages: 14.6% per annum. |
| Quantity / scale | Repayment period: 60 months; fixed assets covered: 4 24/7SPORTS CLUB locations (Mito, Kazo, Maebashi and Gamagori). |
| Impact on Business Performance | The impact on results for the current fiscal year, the fiscal year ending November 2026, is expected to be immaterial. The impact from the fiscal year ending November 2027 onward will be reviewed and disclosed. |
| Reason | To secure funding for the opening of 24/7SPORTS CLUB locations. Opening free-standing locations in regional cities requires substantial funds to acquire fixed assets. The borrowing will therefore be undertaken in accordance with the financial support policy under the capital and business alliance agreement. |
| Related previous disclosures | The notice dated 15 July 2026, "Notice Regarding the Acquisition of Fixed Assets by a Consolidated Subsidiary"; the Corporate Governance Report updated and disclosed on 27 February 2026; and the capital and business alliance agreement dated 15 April 2024. |
| Future plans | The agreement is scheduled to be signed on 28 July 2026, and the initial drawdown is scheduled for 31 July 2026. Principal will be repaid in equal installments from April 2027 through March 2032. The impact on results from the fiscal year ending November 2027 onward will be reviewed and disclosed in a timely and appropriate manner. |
Items this document does not state (1)
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 funding for the opening of 24/7SPORTS CLUB locations under the medium-term management plan. Opening free-standing locations, particularly in regional cities, requires substantial funds to acquire land, buildings and other assets. The borrowing will be undertaken in accordance with the financial support policy under the capital and business alliance agreement.