TOKYO, Apr 15 (Pulse News Wire) – Bengo4.com,inc. (6027.T) announced today that its board of directors has approved borrowing funds to acquire shares of Mikata Small-Scale Short-Term Insurance Co., Ltd.
The acquisition was previously disclosed on February 12, 2026. The company plans to borrow a total amount of ¥1.500 billion from three financial institutions: Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, and Yokohama Bank. The loans will have interest rates based on benchmark rates plus spreads, with repayment periods of 10 years, 5 years, and 5 years respectively.
The borrowing is scheduled to take place on April 24, 2026, with equal principal repayments throughout the loan term. The transactions will be unsecured and without guarantees. Regarding future outlook, the company expects the impact on its consolidated performance for the fiscal year ending March 2026 to be minor.
Bengo4.com stated it will promptly disclose any significant changes affecting its finances or operations.
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