Execution of a Loan Agreement Containing Financial Covenants by a U.S. Consolidated Subsidiary
Avex Song Fund 1 LLC (a consolidated subsidiary that the Company plans to newly establish)
Music-related rights (music catalogs) in the United States and other overseas regions
Fiscal year ending March 2026 (impact on the Company's consolidated results)
The impact on the Company's consolidated results for the fiscal year ending March 2026 will be immaterial.
The agreement is scheduled to be executed in April 2026. The Company will promptly disclose any matters requiring disclosure that arise in the future.
| Item | Details |
|---|---|
| Event name | Execution of a Loan Agreement Containing Financial Covenants by a U.S. Consolidated Subsidiary |
| Date of occurrence | 30 March 2026 (the date on which the Company's Board of Directors resolved to enter into the agreement) |
| Date recognized / date notice received | 30 March 2026 (the date of the resolution by the Company's Board of Directors) |
| Subject Entity | Avex Song Fund 1 LLC (a consolidated subsidiary that the Company plans to newly establish) |
| Target Locations / Products | Music-related rights (music catalogs) in the United States and other overseas regions |
| Accounting period in which recognized | Fiscal year ending March 2026 (impact on the Company's consolidated results) |
| Impact on Earnings Forecast | The impact on the Company's consolidated results for the fiscal year ending March 2026 will be immaterial. |
| Outlook | The agreement is scheduled to be executed in April 2026. The Company will promptly disclose any matters requiring disclosure that arise in the future. |
| Planned follow-up disclosure | The Company will promptly disclose any matters requiring disclosure that arise in the future. |
Items this document does not state (16)
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.For the acquisition of music-related rights (music catalogs) in the United States and other overseas regions, and related working capital.