Execution of a Loan Agreement with Financial Covenants
Daiwa Motor Transportation Co.,Ltd. (the Company)
The Company determined that reducing borrowings obtained as COVID-19 funding and easing the burden of interest expense resulting from recent interest rate increases would help strengthen its financial base.
¥1.2 billion reduction in borrowings (impact on profit or loss and accounting classification: Not disclosed)
Fiscal year ending March 2026. The impact of this matter on business results has already been reflected in the Summary of Financial Results for the Fiscal Year Ended March 2026.
The impact of this matter on business results has been reflected in the Summary of Financial Results for the Fiscal Year Ended March 2026 (Japanese GAAP) (Consolidated) announced today. Whether the earnings forecasts will be revised: Not disclosed.
The company will promptly announce any matters requiring disclosure in the future.
| Item | Details |
|---|---|
| Event name | Execution of a Loan Agreement with Financial Covenants |
| Date of occurrence | 31 March 2026 (loan drawdown date; agreement execution date: 26 March 2026) |
| Subject Entity | Daiwa Motor Transportation Co.,Ltd. (the Company) |
| Cause | The Company determined that reducing borrowings obtained as COVID-19 funding and easing the burden of interest expense resulting from recent interest rate increases would help strengthen its financial base. |
| Amount of Impact on Business Performance | ¥1.2 billion reduction in borrowings (impact on profit or loss and accounting classification: Not disclosed) |
| Accounting period in which recognized | Fiscal year ending March 2026. The impact of this matter on business results has already been reflected in the Summary of Financial Results for the Fiscal Year Ended March 2026. |
| Impact on Earnings Forecast | The impact of this matter on business results has been reflected in the Summary of Financial Results for the Fiscal Year Ended March 2026 (Japanese GAAP) (Consolidated) announced today. Whether the earnings forecasts will be revised: Not disclosed. |
| Outlook | The company will promptly announce any matters requiring disclosure in the future. |
| Planned follow-up disclosure | The company will promptly announce any matters requiring disclosure 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.To strengthen the financial base by reducing borrowings obtained as COVID-19 funding and easing the burden of interest expense resulting from rising interest rates.