Resolution to borrow funds (the borrowing described herein)
株式会社Smile Holdings (the filing company)
Funds for the acquisition of shares in 株式会社WITHホールディングス and the refinancing of its existing borrowings
Application of funds to the acquisition of shares in 株式会社WITHホールディングス, the refinancing of the target company's existing borrowings, and related expenses
The impact is under review. Non-operating expenses may be incurred.
Fiscal year ending March 2026
The borrowing may have a certain impact on consolidated results for the fiscal year ending March 2026. If the Company determines that a revision to its earnings forecast is necessary, it will make a prompt announcement.
This borrowing is a temporary bridge loan and is scheduled to be refinanced by 30 March 2027, the maturity date, into long-term borrowings under a syndicated loan arranged by MUFG Bank, Ltd. (a permanent loan). Regardless of the status of the syndicated loan's formation, the Company has reached an agreement with MUFG Bank, Ltd. to receive financing for the full amount of this borrowing, ensuring the certainty of funding.
If the Company determines that a revision to the earnings forecast is necessary, it will disclose the matter promptly.
| Item | Details |
|---|---|
| Event name | Resolution to borrow funds (the borrowing described herein) |
| Date of occurrence | 23 March 2026 (the date on which the Board of Directors resolved to undertake the borrowing) |
| Subject Entity | 株式会社Smile Holdings (the filing company) |
| Target Locations / Products | Funds for the acquisition of shares in 株式会社WITHホールディングス and the refinancing of its existing borrowings |
| Cause | Application of funds to the acquisition of shares in 株式会社WITHホールディングス, the refinancing of the target company's existing borrowings, and related expenses |
| Amount of Impact on Business Performance | The impact is under review. Non-operating expenses may be incurred. |
| Accounting period in which recognized | Fiscal year ending March 2026 |
| Impact on Earnings Forecast | The borrowing may have a certain impact on consolidated results for the fiscal year ending March 2026. If the Company determines that a revision to its earnings forecast is necessary, it will make a prompt announcement. |
| Outlook | This borrowing is a temporary bridge loan and is scheduled to be refinanced by 30 March 2027, the maturity date, into long-term borrowings under a syndicated loan arranged by MUFG Bank, Ltd. (a permanent loan). Regardless of the status of the syndicated loan's formation, the Company has reached an agreement with MUFG Bank, Ltd. to receive financing for the full amount of this borrowing, ensuring the certainty of funding. |
| Planned follow-up disclosure | If the Company determines that a revision to the earnings forecast is necessary, it will disclose the matter promptly. |
Items this document does not state (15)
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 fund the acquisition of shares in 株式会社WITHホールディングス, the refinancing of the target company's existing borrowings, and related expenses.