TOKYO, Mar 19 (Pulse News Wire) – Balnibarbi CO.,LTD. (3418.T) announced today that its board of directors has approved a financial covenant-laden loan agreement with Mitsubishi UFJ Bank to fund development in the southern coast area of Awaji Island, Hyogo Prefecture.
Key details of the agreement include: - Loan amount: ¥1.400 billion - Interest payment due date: March 31, 2036 - Unsecured loan without collateral The loan comes with several financial covenants: - Maintain net assets at least 75% higher than either the end of fiscal 2025 or the previous fiscal year's balance. - Ensure ordinary profit exceeds ¥0 annually.
- Combine ordinary profit and depreciation expenses to exceed ¥0 yearly. No changes to the July 2026 earnings forecast have been made.
The company will promptly disclose any further significant developments.
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